Westcap Management

Westcap Management, established in 1991, is a private equity firm headquartered in Saskatoon, Canada, with an additional office in Hong Kong. The company specializes in early-stage, growth, and management buyouts, focusing on small and medium-sized enterprises in Western Canada, particularly those seeking succession planning. Westcap invests in companies across various sectors, including agriculture, healthcare, hospitality, and infrastructure, with a particular interest in the First Nations sectors of the economy. The firm typically considers investments in companies with enterprise values between $25 million and $75 million. Westcap manages over half a billion in assets and works closely with its partners to provide strategic, operational, and financial support to its portfolio companies.

Madison Bourgeault

Investment Analyst

Jamie Schwitzer

Chief Investment Officer

Tyler Bradley

Vice President

26 past transactions

Highnote

Series B in 2025
Highnote is an embedded finance company that offers a virtual payment platform designed to streamline complex payment processing flows. The platform allows product and engineering teams at digital enterprises to effortlessly integrate virtual and physical payment card capabilities—including prepaid, debit, credit, and charge cards—into their existing systems. By utilizing developer-friendly open APIs, Highnote provides a fully integrated issuer processor, granting businesses the control, flexibility, and speed needed to enhance their digital payment capabilities. This enables merchants and businesses to accelerate growth through effective payment transformation, delivering significant value to users and fostering unique brand differentiation.

Inland Steel Company

Private Equity Round in 2025
Inland Steel Company is a metal recycling company.

Northway Aviation

Venture Round in 2024
Northway Aviation is an airline services firm that operates in eastern and north-eastern Manitoba, as well as Western Ontario. The company specializes in providing passenger and cargo transportation services, catering to the needs of various municipalities in these regions. Northway Aviation is committed to delivering a safe and reliable flying experience for its clients, ensuring essential connectivity for both people and goods in the communities it serves.

Timber Tech Truss

Private Equity Round in 2024
Timber-Tech Truss has been supplying top-of-the-line floor and roof systems for years.

18 Wheels Warehousing & Trucking

Venture Round in 2023
18 Wheels is a distribution expert, specializing in co-packing, omnichannel e-commerce fulfillment, third-party warehousing, and trucking.

Western Building Centres Limited

Private Equity Round in 2022
Western Building Centres Limited is a Canadian company based in Saskatoon that operates home hardware retail outlets. Founded in 2006, the company serves as a consolidator of hardware and building materials, focusing on providing a comprehensive range of products to meet the needs of the construction and home improvement markets.

WBM Technologies

Acquisition in 2022
WBM Technologies is a prominent information technology services provider located in Saskatoon, Saskatchewan, recognized as a leader in Western Canada. The company offers a range of outcome-driven IT solutions, specializing in data and security, end-user computing, and enterprise user experience platforms. WBM Technologies also provides managed print services and year-round enterprise desk services, helping clients enhance their IT infrastructure and make informed decisions. Through its comprehensive offerings, the company aims to optimize technology utilization for its clients.

Headversity

Series A in 2022
Headversity is a Calgary-based company that specializes in workplace mental health and resilience training. It offers a platform designed to enhance employee performance and emotional well-being through programs focused on mental health, hardiness, and energy management. By utilizing principles from neuroscience, psychiatry, and performance psychology, Headversity provides organizations with tools to empower their employees to effectively manage challenges and improve their mental fitness. The platform aims to reduce issues such as presenteeism and absenteeism while promoting overall mental wellness, enabling employees to thrive in their work environment.

Highnote

Series A in 2021
Highnote is an embedded finance company that offers a virtual payment platform designed to streamline complex payment processing flows. The platform allows product and engineering teams at digital enterprises to effortlessly integrate virtual and physical payment card capabilities—including prepaid, debit, credit, and charge cards—into their existing systems. By utilizing developer-friendly open APIs, Highnote provides a fully integrated issuer processor, granting businesses the control, flexibility, and speed needed to enhance their digital payment capabilities. This enables merchants and businesses to accelerate growth through effective payment transformation, delivering significant value to users and fostering unique brand differentiation.

YieldX

Seed Round in 2021
YieldX is a company focused on transforming fixed income investing through a comprehensive digital platform designed for the wealth management industry. It offers a suite of tools that includes a yield marketplace, an analytics engine, and various workflow applications, allowing clients to access real-time pricing, monitoring, and portfolio allocation for fixed income securities. With a team of experienced professionals from the fields of fixed income and fintech, YieldX aims to provide personalized investment solutions at scale, serving as a gateway to liquid global yield-driven opportunities. The company's innovative approach seeks to enhance the management of fixed income portfolios and make these investment options more accessible to a broader range of investors.

Rocky Mountain Equipment Alberta

Post in 2021
Rocky Mountain Equipment is a prominent supplier of agricultural and construction equipment, catering to local farming communities and construction firms in Alberta, Saskatchewan, and Manitoba. The company offers a diverse range of products, including tractors, planters, sprayers, combines, and various attachments from well-known brands such as Case IH, New Holland, and Bourgault. In addition to equipment sales, Rocky Mountain Equipment provides rental and leasing options, as well as support services that encompass equipment inspections, general repair, maintenance packages, and both in-branch and mobile repair services. The company also facilitates third-party financing and insurance services, ensuring comprehensive after-sale support for its customers. With a network of 37 branches, Rocky Mountain Equipment has established itself as a key player in the agricultural and construction sectors in Western Canada.

Bolt

Series C in 2020
Bolt is a company dedicated to enhancing e-commerce by providing a streamlined checkout experience. Founded in 2014 and headquartered in San Francisco, Bolt offers a platform that enables retailers to facilitate secure, one-click checkouts for their customers, eliminating the need for passwords or repeated personal information. This approach not only simplifies the purchasing process but also improves conversion rates and customer retention for businesses. A growing number of retailers, including well-known brands such as REVOLVE, Casper, Badgley Mischka, and Benefit Cosmetics, utilize Bolt's services to meet the demand for efficient and user-friendly online shopping experiences. By democratizing commerce, Bolt aims to strengthen the connection between retailers and their customers.

Addepar

Series E in 2020
Addepar, Inc. is a technology company that provides an investment management platform tailored for wealth and asset management firms. Founded in 2009 and headquartered in Mountain View, California, Addepar specializes in data aggregation, reconciliation, investment analysis, and reporting services. The platform supports over 800 firms globally, managing assets exceeding $4 trillion, and serves a diverse clientele, including family offices, financial institutions, and foundations. Addepar’s offerings include onboarding and ongoing support, as well as an open API that allows clients to integrate and develop applications on its platform. Additionally, the company provides access to a marketplace for investment products, particularly in alternative and private markets. With a flexible workforce and several offices in key locations, including New York City and Chicago, Addepar aims to enhance data-driven investment decisions and client outcomes through its comprehensive software solutions.

Rite Way Mfg.

Venture Round in 2020
Rite Way designs and produces farm equipment for seedbed preparation. Their machinery includes land rollers, rock pickers, windrowers, heavy harrows, rotary harrows, crush rite crimper rollers, compact discs, and bale carts.

Degelman Industries

Private Equity Round in 2020
Degelman Industries Ltd., founded in 1962 and based in Regina, Canada, specializes in the design and manufacturing of high-quality agricultural machinery and equipment. The company offers a diverse range of products, including tillage equipment, bulldozer blades, heavy harrows, land rollers, rock removal equipment, and cutting tools. These products are aimed at enhancing soil quality and increasing crop yields for the agricultural sector. Degelman Industries also provides parts, services, and warranty options to support its customers. With an extensive network of dealers worldwide, the company is committed to improving the efficiency and productivity of farmers through its innovative equipment solutions.

Astra Oil

Private Equity Round in 2020
Astra Oil is a Canadian company engaged in the production of oil and natural gas. The firm specializes in high-value light oil, positioning itself within the competitive energy sector. Through its operations, Astra Oil aims to leverage its resources to meet the growing demand for energy while contributing to the local economy.

Maxies excavating

Acquisition in 2019
Maxies Excavating is focused on civil earth work constructions for public and private sector.

G-Mac's AgTeam

Venture Round in 2019
G-Mac's AgTeam Inc. is a Canadian company based in Kindersley that specializes in crop production and agronomic services. Founded in 2000, the company offers a range of services including agronomy, nutrient management, sample analysis, and crop protection. Its product offerings encompass herbicides, fungicides, fertilizers, and biologicals, along with custom application services. G-Mac's AgTeam also focuses on innovative solutions such as field moisture services, data collection, and virtual reality fertility services. Through these services, the company aims to enhance agricultural productivity while promoting environmentally sustainable practices for farmers.

Cova

Series A in 2018
Cova is a developer of retail software specifically tailored for the cannabis industry, aimed at simplifying compliance and enhancing dispensary management. The platform automates compliance processes and integrates with various tools, allowing retailers to efficiently manage their operations. Cova's offerings include mobile reporting dashboards and an express checkout application, which help clients reduce operational costs and improve customer experiences. By providing comprehensive solutions that cover seed-to-sale compliance and online payment capabilities, Cova empowers cannabis retailers to streamline their operations and increase revenue while navigating the complexities of the industry.

Ramada Plaza Regina

Private Equity Round in 2018
Ramada Plaza Regina is a hotel located in Regina, Canada, offering a range of amenities and services to its guests. The hotel features standard rooms, executive rooms, and suites, providing comfortable accommodations for travelers. Guests can enjoy dining options at the atrium restaurant and Fibber Magee's pub, as well as room service. Additional facilities include a fitness center, an indoor pool, a hot tub, and free Wi-Fi. The hotel also provides versatile meeting and event spaces, making it suitable for conferences and weddings.

Burgess Creek Exploration

Venture Round in 2018
Burgess Creek Exploration is a private company focused on the exploration and development of light oil and gas, primarily operating in Southeast Saskatchewan. The firm specializes in identifying conventional oil and gas reservoirs, utilizing expertise and innovative technologies to select projects and manage finances effectively. With a strong emphasis on operational efficiency, Burgess Creek Exploration boasts favorable operating margins and a low risk profile associated with light crude oil. Additionally, the company is committed to maintaining a robust health, safety, and environmental program, ensuring responsible practices throughout its operations.

HJR Asphalt

Acquisition in 2016
HJR Asphalt LP is a construction company that specializes in the development of highway and rural municipality roads, as well as roads within towns and airports. By employing advanced construction technology and leveraging the expertise of its experienced workforce, HJR Asphalt aims to enhance road infrastructure across the country. The company's focus on these specific areas of construction positions it to contribute significantly to the improvement of transportation networks.

Golden Health Care

Venture Round in 2006
Golden Health Care specializes in providing senior living services that foster a sense of community among residents. The company designs its facilities to create small, intimate environments known as clusters or households, where groups of 15 to 18 residents live together. Each cluster is equipped with its own kitchen, dining area, living room, and therapeutic tub room, which helps to ensure that residents enjoy a familiar and comfortable atmosphere. By supporting the aging in place model, Golden Health Care allows seniors to maintain their independence while benefiting from personalized care and companionship in a home-like setting.

Librestream

Venture Round in 2006
Librestream Technologies Inc., established in 2003 and headquartered in Winnipeg, Canada, specializes in mobile video collaboration solutions for Fortune 500 organizations. Its flagship product, Onsight, enables real-time virtual presence for remote experts to assess environments and troubleshoot equipment. Onsight's suite of products includes collaboration software, rugged smart cameras, and management tools, serving diverse industries such as manufacturing, oil and gas, healthcare, and government. Librestream's solutions help enterprises achieve cost-efficiencies through accelerated problem resolution, reduced downtime, and improved productivity. The company has strategic partnerships with industry leaders like Cisco Systems and Verizon Wireless.

Can-pro Farms

Venture Round in 1999
Canpro farms harvests and processes alfalfa that is grown by local farmers and shipped domestically and globally.

Jump.ca

Venture Round in 1999
Jump.ca Wireless Supply Corp. is a Saskatchewan-based retailer specializing in cellular products and services. Established in 2000, the company has over 20 years of experience in the wireless industry. Its offerings include mobile phones, smartphones, tablets, and a range of accessories such as cases, chargers, headphones, and wearables. Additionally, Jump.ca provides Internet services, trade-in options, repair services, and home and business monitoring solutions. Customers can purchase products through physical stores located in Saskatoon, Regina, Moose Jaw, Prince Albert, and Estevan, as well as through an online platform. The company emphasizes its local roots while offering a comprehensive selection of telecommunications solutions.
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