For Immediate Release: August 8, 2022
FBC TO EXPAND ITS SERVICE AREA AND OFFERINGS AFTER SUCCESSFUL ACQUISITION BY BLUESTAR EQUITY LTD.
Acquisition by Bluestar Equity Ltd., the family investment office of the Murad family, continues FBC’s history as a Canadian family-led enterprise. FBC is now strongly positioned to extend its services to more Canadian farmers and small business owners.
CALGARY, AB (August 8, 2022) - FBC is pleased to announce the successful sale of FBC and its parent company, DataTax, to Bluestar Equity Ltd., the family investment office of the Murad Family.
Bluestar Equity has implemented an ambitious acquisition strategy, positioning FBC to increase the reach of its tax preparation, bookkeeping and payroll services.
“This is an incredible opportunity with natural alignment between our family investment office and the history of family leadership at FBC,” said owner and President of FBC and DataTax, Noah Murad. “Together with the team at FBC, my family and I are excited to embark on this new journey to help more Canadian farmers and small business owners than ever before.”
The Murads, much like FBC founders, the Ibbotsons, have a long history of supporting Canadian small business owners in matters of financial planning, raising capital, and tax advisory strategies.
“We are pleased to have found a family that has the right experience and expertise to grow FBC,” said former owner and President of FBC and DataTax, Steven Ibbotson. I am confident that the Murads are the right family to take care of our Members and grow FBC.”
In 1952, FBC set out to help Canadian farmers and small business owners receive every benefit when filing their taxes. In the years to follow, FBC grew from one location in Southwestern Ontario to twelve locations across the country. Our team of dedicated experts has successfully helped thousands of Canadians from coast to coast in matters relating to tax, bookkeeping, and payroll.
FBC is a subsidiary of DataTax.