Jim Estill, Owner of Danby Appliances is delighted to announce the purchase of the Valcom
Companies (“Valcom”) including Valcom Manufacturing, a distinguished
manufacturing business specializing in antennas for military and commercial
applications, and Valcom Consulting, a provider of professional placement
services to the Canadian Public Sector. This acquisition reinforces Valcom’s
long-standing presence both in Guelph and Ottawa. Stillwater Capital served as the exclusive financial
advisor to Valcom.

The acquisition of Valcom is unique in that it will operate as a stand-alone entity
within the Estill corporate structure. Valcom will retain its brand identity,
management team and existing Guelph and Ottawa locations with its 250 employees
and contractors, allowing it to preserve its distinct market position and
continue serving its loyal customer base. This approach reflects Estill’s
belief in fostering entrepreneurship and preserving the autonomy of acquired
businesses.

Valcom has a well-established reputation for excellence in engineering, manufacturing,
and consulting; consistently delivering superior products and exceptional
customer service. By acquiring Valcom, Estill recognizes the value of its
expertise, resources, and customer relationships.

“We are thrilled to welcome Valcom into the Estill family as a stand-alone
business,” said Jim Estill. “This acquisition aligns with our
strategic vision to expand our presence in the manufacturing sector while honouring
the unique strengths and identity of Valcom. We are excited about the
opportunities it brings and the mutual growth we can achieve.”

As part of this acquisition, is the appointment of Howard Tuffnail, as President of
Valcom, who brings over 30 years of extensive leadership experience, as a
hands-on finance and operations executive that has delivered value by driving
financial performance, leading teams, and managing operations.  He is joining the company’s strong and dynamic
leadership team to oversee and collaborate on all day-to-day operations,
ensuring continued growth and success.

“We are confident that Howard will lead the team with a collaborative spirit, fostering
a culture of excellence and teamwork and help us take the company to the next
level”, said Estill. “With a proven track record, Howard brings a wealth of
experience and expertise to Valcom. With his dynamic leadership style,
strategic thinking, and passion for driving innovation and growth, makes him an
excellent fit to lead the company into the next phase of development.”

Valcom, as with all Estill companies, is committed to maintaining the high standards of
quality, customer service, and innovation that they are known for, solidifying
their positions as leaders in the industry.

For media inquires or more
information, please contact:

Jim Estill

(519)362-2325

jestill@danby.com

or

Lynda Murray

(519)830-3013

lmurray@danby.com

About Jim Estill:

Jim Estill is a prominent Canadian
entrepreneur and philanthropist known for his successful leadership of a
diverse portfolio of companies. His commitment to business, innovation and
community engagement has earned him recognition as a visionary in the Canadian
business landscape.