Misener Private
Holdings Corporation

Inspiring Performance Excellence

Ten North Holdings Corporation Founded

Niagara Falls (RSS). Misener Private Holdings Corporation was this day party to the organization and incorporation of, and has taken a minority equity position in, Ten North Holdings Corporation, and will participate in company governance, performing specific management functions. The company was established to enter into the vacation-adventure market in the Latin American peninsula, acquiring real property and establishing a short-term rental customer base.

R. J. Audwalt Industries Ltd. Dissolving

Niagara Falls (RSS). Clayton Misener, managing director of Misener Private Holdings Corporation, announced the intended dismantling, component sale and dissolution of R. J. Audwalt Industries Ltd. The decision was recently taken by the corporate board of directors at Audwalt and confirmed by its shareholders.

Divisions Chef James International, Chef James US and Chef’s Choice will discontinue. Divisions Marie Patisserie and Running with Scissors will be sold to a predetermined buyer and continued under a different entity. Remaining assets will be divided amongst the shareholders.

“There are a few things here. First, the Chef James/Chef’s Choice initiatives never really materialized due to lacking capital. This isn’t to say it wasn’t a good concept, it just never made it past the cutting room. These endeavours were our primary interest in the endeavour. Second, divisions Marie Patisserie and Running with Scissors are much better suited to the small business spectrum, without formal organization and without the need for management services and systems support, leaving little room for us to participate. Finally, Misener PHC is steering away from bricks and mortar investments, which both of the surviving divisions would classify as. For these reasons we supported dissolution and wish sincere luck to the future operators of Marie Patisserie and Running with Scissors. We have divested ourselves of this investment.” - Clayton Misener, managing director of Misener Private Holdings Corporation.

Steckley Aquatics Inc. Dissolved

Niagara Falls (RSS). Misener Private Holdings Corporation, in consultation with the shareholders, has determined that Steckley Aquatics Inc. (en) Steckley Aquatique Inc. (fr) will be sold down and closed in the normal course of business. Steckley AI was founded in 2013 and has been a reasonably performing investment.

According to Clayton Misener, the chief managing director of Misener Private Holdings Corporation, “This is part of our initiative to reduce investment into bricks and mortar. Steckley AI, by its very nature, is expensive to operate and is neither portable nor seasonal nor collapsable. The company was simply without place in our strategic plan.”