Alphi Capital Partners with RedBlue HeatPumps & Refrigeration
Jordan Owens, said, 'We are incredibly excited about partnering with Alphi and the resources and expertise they bring to the table. Their investment in RedBlue will enable us to accelerate our growth, while better serving our loyal employees and customer base.'
Marshal Mason, said, 'We are very proud of the trust we have built in the local community over the last thirteen years and look forward to continuing to deliver on this promise through the next phase of growth.'
'We are thrilled to partner with the RedBlue founders and team to accelerate the next phase of growth,' said Andrew Fortier, Partner at Alphi Capital. 'This acquisition marks an exciting new chapter, and we look forward to supporting the founders as they continue to grow the business through investments in RedBlue's people, processes, systems and geographic reach.'
About Alphi Capital:Alphi Capital is a Toronto-based private equity firm founded in 2022 by Andrew Fortier and Thecla Sweeney. Alphi targets investment opportunities in the Canadian lower middle market – focusing on business services and high return on invested capital businesses. Alphi brings a programmatic approach to value creation through the firm's in-house team focusing on data analytics, sales force growth, and the execution of buy and build strategies.
About RedBlue HeatPumps & Refrigeration: RedBlue was founded in 2013 by Jordan Owen and Marshal Mason. RedBlue is a trusted provider of HVAC, plumbing and electrical services to both residential and commercial customers in the Greater Victoria area of Vancouver Island.
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The Star
4 hours ago
- The Star
Trump tariffs leave costly China supply question unanswered; Indonesia among countries deeply affected
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Missing Details The Trump administration isn't providing much clarity on the matter right now. US officials are still working out details with trading partners and looking at value-based local content requirements, to ensure exports are more than just assembled imported parts, according to a person familiar with the matter, who didn't want to be identified discussing private talks. A senior Trump administration official also said this week that details on the approach to transshipment are expected to be released before Aug. 1, the deadline for when higher US tariffs kick in. Some factories are already adjusting their supply chains to comply with rules that will require more locally-made components in production. Frank Deng, an executive at a Shanghai-based furniture exporter with operations in Vietnam - and which gets about 80% of business from the US - said in an interview his firm is making adjustments as authorities appear to be more strictly enforcing country-of-origin rules. Vietnam has always had specific local content requirements for manufacturers, Deng added, including that a maximum of 30% of the volume of raw materials originates from China, and the value after production in Vietnam must be 40% higher than the imported raw materials. "We've been struggling to meet all the standards so that we can still stay in the game,' Deng said. "But I guess that's the only way to survive now.' For most of Southeast Asia, reducing the amount of Chinese-made components in manufacturing will require a complete overhaul of their supply chains. Estimates from Eurasia Group show that Chinese components make up about 60% to 70% of exports from Southeast Asia - primarily industrial inputs that go into manufacturing assembly. About 15% of the region's exports now head to the US, up about four percentage points from 2018. 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Vietnam, Thailand and Malaysia have all taken steps this year to address Trump's concerns, increasing scrutiny of trade that passes through their ports including new rule-of-origin policies that centralize processing and imposing harsh penalties on transshippers. Developing nations may still struggle to enforce Trump's rules or comply with the rules if it means going up against China, their largest trading partner and geopolitical partner. "The reality is it's not enforceable at all,' said Dan Wang, China director at Eurasia Group. "Chinese companies have all kinds of ways to get around it and those other countries have no incentive to enforce those measures, or capacity to collect the data and determine local content.' -- Reports from Patpicha Tanakasempipat, Skylar Woodhouse and Nguyen Dieu Tu Uyen. -- ©2025 Bloomberg L.P.
Barnama
4 hours ago
- Barnama
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'This year's meetings marked a turning point in US efforts to restore credibility and demonstrate dependable support for ASEAN centrality, especially after years of transactional diplomacy. 'While China's rise has been structured and steady, the US is now working to show it remains committed to ASEAN's future,' he said. Rubio's reaffirmation of support for ASEAN principles – neutrality, regional autonomy, and freedom of navigation – was significant, especially amid tensions in the South China Sea and the Taiwan Strait. 'The emphasis on shared values, rules-based order and connectivity offered by Rubio provides a needed contrast to China's assertiveness,' he added. Still, Collins said ASEAN must balance engagement with both powers without eroding unity or compromising neutrality. MALAYSIA ACTS AS A BRIDGE-BUILDER Collins also said this year's AMM tested ASEAN's strategic maturity as the global order becomes more fragmented. It seemed to have passed with flying colours. He said Washington's clearer messaging and sustained high-level participation reflected an understanding that past diplomatic absences had created a vacuum increasingly filled by China. 'ASEAN is now in the spotlight to prove that it remains a relevant and cohesive force amid competing frameworks like the Quad, a grouping comprising Australia, India, Japan and the US and AUKUS, the trilateral security partnership between Australia, the United Kingdom and the US. 'There is now recognition in Washington that inconsistency has damaged trust in the region,' he said. Looking ahead, Collins said that Malaysia's ASEAN Chairmanship for the remainder of 2025, especially at the upcoming summit and with leaders of dialogue partners, possibly including US President Trump, will be pivotal in steering the bloc through a complex regional environment. 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The meetings, held from July 8 to 11, were hosted under Malaysia's 2025 ASEAN Chairmanship, with the theme 'Inclusivity and Sustainability'. -- BERNAMA BERNAMA provides up-to-date authentic and comprehensive news and information which are disseminated via BERNAMA Wires; BERNAMA TV on Astro 502, unifi TV 631 and MYTV 121 channels and BERNAMA Radio on FM93.9 (Klang Valley), FM107.5 (Johor Bahru), FM107.9 (Kota Kinabalu) and FM100.9 (Kuching) frequencies. Follow us on social media : Facebook : @bernamaofficial, @bernamatv, @bernamaradio Twitter : @ @BernamaTV, @bernamaradio Instagram : @bernamaofficial, @bernamatvofficial, @bernamaradioofficial TikTok : @bernamaofficial
The Star
7 hours ago
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Another legend calls it a day - Tamiya, the man who brought perfection to plastic race car models, dies at 90
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