TOM Capital Associates

TOM Capital Associates Inc. is a private equity firm based in Calgary, Canada, that focuses on acquiring and investing in middle market companies, particularly in Western Canada. Established in 1995, the firm specializes in various investment strategies, including acquisitions, add-on acquisitions, privatizations, and turnarounds, often targeting opportunities with tax complexities or legal challenges. It typically invests between $5 million and $50 million in companies that have a minimum EBITDA of $2 million and generate free cash flow of at least $2 million per location or management region. The firm has a preference for industries such as real estate development, oil and gas production and services, and manufacturing of wood and metal products. In addition to its investment activities, TOM Capital Associates provides post-investment services and seeks board representation in its portfolio companies. The firm primarily invests its own capital while also considering participation from other investors for larger transactions.

Marty Abbott

MD

James T. Grenon

MD

8 past transactions

Century Services

Venture Round in 2019
Century Services is a financial services fintech company located in Calgary.

Glossier

Series A in 2014
Glossier, Inc. is a direct-to-consumer beauty company founded in 2010 and based in New York City. The company specializes in skincare, makeup, body, and fragrance products, which are available for purchase through its website and in its New York showroom. Glossier emphasizes a community-driven approach, utilizing content to enhance the shopping experience. Its digital platform features interviews with models and makeup artists, along with beauty advice covering various areas such as hair, skin, and makeup. Glossier's products are available not only in the United States but also in Canada, Sweden, and the United Kingdom. The company is known for its focus on real-life beauty solutions, promoting a philosophy that prioritizes skincare followed by makeup.

Steeper Energy

Venture Round in 2014
Steeper Energy Aps is an energy project and technology development company based in Rudersdal, Denmark, with additional offices in Canada and Australia. Founded in 2011, the company specializes in producing advanced biofuels from low-value biomass, including agricultural and forestry residues. Its proprietary Hydrofaction process efficiently converts biomass into renewable fuels with high energy density, facilitating a transition to low-carbon options in the heavy transport sector, where electrification is challenging. Steeper Energy also engages in synthetic crude oil production from emerging resources like algae and cyanobacteria. Additionally, the company provides services related to technology assessment, vendor due diligence, and commercial arrangements, including energy off-take and feedstock procurement. With a focus on reducing carbon emissions and addressing climate change, Steeper Energy aims to contribute to a sustainable transport future while leveraging its partnerships and expertise in the field.

TOM Capital Associates

Venture Round in 2012
TOM Capital Associates is a company that provides post investment services.

Invoice Delivery Services

Venture Round in 2011
Developer of an electronic invoice delivery platform for healthcare industry. The company's procure-to-pay eCommerce platform manages electronic payment, invoicing, accounts payable and procurement, captures critical operational savings and provides transparency to day-to-day status of invoices, enabling healthcare facilities to maximize their working capital and seize significant discounts.

Foremost

Venture Round in 2004
Foremost has been a central player in the Western Canadian energy story going back to 1948. Foremost had its humble beginnings starting with a line of tracked vehicles for heavy terrain applications. Through acquisitions and strategic growth, Foremost is now one of the largest, most diverse industrial manufacturers in Western Canada specializing in oil & gas, heavy oil, mining, water well and construction equipment. With more than 640,000 square feet of manufacturing space, 9 locations, and over 600 employees across Alberta, Foremost is well positioned to meet and exceed clients’ expectations.