DGI Group of Companies changes – As Myles Family acquires all shares in the company

July 03, 2018

ST. JOHN’S – The DGI Group of Companies, which owns and operates Big Erics and Terra Nova Foods, announced today that Wayne and Joan Myles have acquired all the shares in the companies.

Until the July 1, 2018 closing date, the Myles, Smallwood and Sparkes families have been partners, and collectively the controlling shareholders of the DGI Group, for approaching 2 decades, through their joint holding company. During that time the 3 families have shared in the success, growth and development of the businesses and 2 teams of outstanding employees, including an expansion from its base in Newfoundland and Labrador to include operations in NS, NB and PEI, as well as regular project work across Canada and recently into the USA.

In exiting this successful investment, the Sparkes family are acting on a decision to expand their hotel holdings, including a recent purchase of a property in Clarenville, NL. Likewise, as the team leader of the Smallwood Harvey Financial Group at CIBC Wood Gundy, Ray Smallwood has seen his business expand and grow over the years and with several recent additions to the team they are well positioned to provide a superior level of service to their growing client base.

With this change, Joan Myles, who previously practiced law in NL, chaired the NL Human Rights Commission, was a member of the NL Medical Board and served in other elected and appointed public service positions, will be joining the Board of Directors of Big Erics and other companies in the Group. Joan looks forward to working more actively to support the teams of market leaders at Big Erics and Terra Nova Foods.

Wayne Myles, chairman of DGI Group of Companies said “It has been very gratifying to share a successful business relationship with 2 families that have been, and will continue to be, amongst our dearest friends. That said, Joan and I are also very excited to take on more responsibility to support our teams’ commitment to continued excellence and growth, as we explore opportunities across Canada and in the USA, from our base in Atlantic Canada.”

Ray Smallwood remarked “My wife Cathy and I consider Joan, Wayne and the DGI teams to be family and we remain committed to promoting the Big Erics and Terra Nova Food businesses throughout Atlantic Canada, for many years to come. We wish Wayne, Joan and the employees all the success in the world as they continue to grow the business.”

Steve Sparkes said, “The Clayton Hospitality group has always valued our customer/supplier relationships with Big Erics and Terra Nova Foods, and the outstanding service they have provided to us. We see that relationship growing as we do, and it’s a bonus to be able to continue to support our friends and former partners as they continue to grow too.”

For any questions concerning the transaction and plans for the businesses, contact Wayne Myles. We look forward to continuing to serve the loyal customers of Big Erics and Terra Nova Foods in the future.

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