White Electric’s Journey of Succession and Expansion
Client
White Electric
Owners
Brad Bourrie
Supported by
Community Futures Peterborough
In the world of business, transitions can be both a challenging and rewarding experience. For Brad Bourrie, a young Indigenous electrician, his journey involved stepping into the shoes of the founder of a 44-year-old company, White Electric. Aided by Community Futures Peterborough and Kagita Mikam Employment Services, he was able to fulfill this dream, taking over a renowned electrical company in the Peterborough area.
The Problem:
Bourrie, who apprenticed under White Electric’s founder, Gord White, for nearly eight years, was given an opportunity to take over the company. Despite having his electrician license and the backing of White, he faced significant challenges in obtaining the necessary financing to purchase the business.
The Solution:
Community Futures Peterborough stepped in to help Bourrie, recognizing his dedication and passion for the business. We provided the financing he needed to purchase White Electric. Beyond this, we connected him to Kagita Mikam, a service assisting with the recruitment, training, and employment of Indigenous peoples in the region, which provided him with additional financial assistance and guidance in his first year of ownership.
Implementation & Results:
Due to the swift actions and support from Community Futures, Bourrie was able to secure financing promptly, which enabled him to take over White Electric. Maintaining the company’s original name in honor of its founder, he continued to serve existing clients, ensuring a seamless transition and retaining the company’s well-established reputation.
Testimonial:
“I’d probably still be trying to find financing if it wasn’t for Community Futures. They made things happen on a very fast and very prompt schedule,” says Bourrie. “Their support went well beyond financing. Through them, I was introduced to Kagita Mikam, which provided additional financial assistance and will guide me through my first year of ownership.”
Conclusion:
The success story of White Electric is a testament to the power of passion, dedication, and the right support. With the help of Community Futures Peterborough, Brad Bourrie was able to step into the role of owner and ensure the continuity of a beloved local business. It’s a win for all – for Gord White, who could retire knowing his business was in good hands, for the existing clients who continue to receive great service, and for Bourrie, who achieved his dream of owning a business.
If you are an entrepreneur looking to start your own business or need help with business succession planning, Community Futures Peterborough is here to help.
Get in touch with us at 705-745-5434 to find out more about our programs and funding opportunities.