TriWest Capital Partners

TriWest Capital Partners is a private equity firm based in Calgary, Canada, founded in 1998. The firm specializes in equity investments primarily in management buyouts, growth capital, and special situation transactions, focusing on mid-tier companies within the service, manufacturing, and distribution sectors. TriWest typically targets businesses with annual revenues between $10 million and $200 million and an EBITDA range of $10 million to $100 million, although it remains open to opportunities outside this range. The firm prefers to take a majority stake in its investments, which usually span four to seven years. TriWest has raised over $775 million in committed capital and offers operational and transactional expertise to its portfolio companies, aiming to create shareholder value.

Duncan Adams

Managing Director

Jeff Belford

Senior Managing Director

Dave Connolly

Managing Director

Chad Danard

Senior Managing Director

Ryan Giles

Senior Managing Director

Michael MacBean

Senior Managing Director

Mick MacBean

Senior Managing Director

Logan Miller

Vice President

Allie Moran

Senior Associate

Norm Rokosh

Senior Managing Director

Agam Sivia

Associate

Jon Spencer

Managing Director

Mike Stone

Vice President

John Watkins

Senior Vice President, Finance

41 past transactions

Phoenix Fence

Private Equity Round in 2023
Phoenix Fence is a prominent manufacturer, supplier, and installer of various fencing products, including chain link, vinyl, ornamental (wrought iron) fences, and automatic gate operators, catering to industrial, commercial, residential, and agricultural needs since 1981. Operating from Canada’s largest in-house manufacturing and distribution facility, the company comprises two main divisions: Wholesale Distribution, which focuses on the supply of materials, and Fence Construction, which provides professional installation services. Phoenix Fence offers a comprehensive range of products such as custom fencing, manual and automated gates, privacy solutions, barbed wire, and agricultural fencing, supported by dedicated customer service teams well-versed in the specific requirements of diverse customer segments.

Kidoodle.TV

Private Equity Round in 2022
Kidoodle.TV provides unlimited streaming of the very best children’s TV shows, movies and educational programming for only $4.99 a month. Children can watch Kidoodle.TV on all of their favorite devices including: tablets, smartphones, laptops, computers and televisions.

RecallMax

Private Equity Round in 2021
Developer of recall optimization software and analytics intended to serve the dental industry. The company's software helps the company to stay connected to their patients, capture missed appointments and take effective actions through appointment reminders and automated messaging, enabling clients to increase their practice revenues and boost patient retention.

California TrusFrame

Acquisition in 2018
California TrusFrame, LLC specializes in the manufacturing of engineered and prefabricated structural components, including roof trusses, floor trusses, wall panels, and engineered wood products. The company serves various construction projects, ranging from residential buildings to large multi-family complexes and commercial developments. Leveraging advanced design software and computer-aided machinery, California TrusFrame ensures precision and consistency in its products. The in-house team, composed of registered engineers and architects, allows for efficient design processes and quicker turnaround times for truss engineering packages. Founded in 2005 and based in Perris, California, the company also exports its products to markets in the Far East. Formerly known as California Truss Company, Inc., it rebranded to California TrusFrame, LLC in 2011.

PRT

Acquisition in 2018
PRT Growing Services Ltd. is a leading producer of container-grown forest seedlings in North America, operating 13 nurseries across Canada and the United States. Established in 1988 and headquartered in Victoria, Canada, the company specializes in a wide range of reforestation services, including seed processing, specialized seed treatments, and the propagation of both forest and non-forestry plants. Additionally, PRT offers advanced techniques such as seedling propagation from somatic embryos. Its services extend to quality testing, cold storage, shipping, tree planting, and field-performance assessments to enhance reforestation efforts. With the capacity to custom grow over 180 million seedlings, PRT is committed to meeting the diverse reforestation needs of its customers.

Lithion Power Group

Private Equity Round in 2018
HPC Energy Services, based in Calgary, Canada, specializes in horizontal drilling technologies. The company provides integrated oil and gas services that are designed to adapt to the evolving demands of the drilling industry. By offering a range of tools and solutions that enhance efficiency from the drilling rig to the drill bit, HPC Energy Services aims to support its customers in optimizing their operations.

Coast Appliances

Private Equity Round in 2017
Coast Appliances want your home or kitchen appliance buying experience to be fantastic. No matter what your needs are, they all help you choose the right kitchen appliances and home appliances in a fashion that is convenient, comfortable and budget-conscious. Their Coast kitchen appliance experts will build a solid relationship with you by understanding your needs and following through with the best solutions and alternatives to meet those needs. Coast Appliances’ purchasing power of 15 locations across Canada means you will get competitive pricing that is second to none. Visit us today and see why they are fast becoming the top choice for kitchen and home appliances.

Peloton Computer Enterprises

Private Equity Round in 2017
Peloton Computer Enterprises Ltd. specializes in developing software solutions for drilling and well data management tailored for the oil and gas industry. Established in 1991 and headquartered in Calgary, Canada, the company offers a range of products that support various aspects of the well lifecycle. These include MasterView, a corporate database for drilling and well operations data; WellView, which manages well planning, drilling, and production; RigView, for scheduling and managing well workloads; SiteView, focused on construction and facilities management; and ProdView, which enhances production reporting and visualization. Peloton's software solutions facilitate data acquisition, analysis, and visualization, thereby enabling operators to optimize their operations. In addition to its software offerings, the company provides consulting and training services. Peloton has a global presence with offices in key cities such as Aberdeen, Amsterdam, Houston, and Dubai, along with subsidiaries in the United States, the Netherlands, and Barbados.

Trimlite

Acquisition in 2016
Trimlite Mfg. Inc. is a manufacturer and distributor of a diverse range of door products and decorative glass for the building materials industry across North America. Founded in 1982 and headquartered in Surrey, Canada, the company operates additional manufacturing facilities in China, Vietnam, Canada, and the United States. Trimlite specializes in various door types, including stile and rail doors, fiberglass doors, steel doors, fire-rated doors, and interior doors. The company is also known for its innovative decorative glass products, such as decorative doorlites and break-resistant glass inserts. Serving door pre-hangers, distributors, and major door manufacturers, Trimlite focuses on providing high-quality and customizable solutions that enhance the aesthetic appeal of homes and businesses.

Bull Moose Capital

Acquisition in 2016
Bull Moose Capital Ltd. is a Calgary-based company specializing in the rental and leasing of natural gas compressors, particularly high horsepower reciprocating units. Founded in 2004, the company primarily serves the natural gas sector in Western Canada, facilitating the movement of natural gas through gathering systems. In addition to its rental services, Bull Moose Capital also engages in the resale of surplus compressor units and invests in energy infrastructure projects. The company is committed to providing tailored solutions to its customers, offering flexible contract terms and a range of technical and financial support related to natural gas compression and its associated infrastructure.

Bull Moose Capital

Private Equity Round in 2016
Bull Moose Capital Ltd. is a Calgary-based company specializing in the rental and leasing of natural gas compressors, particularly high horsepower reciprocating units. Founded in 2004, the company primarily serves the natural gas sector in Western Canada, facilitating the movement of natural gas through gathering systems. In addition to its rental services, Bull Moose Capital also engages in the resale of surplus compressor units and invests in energy infrastructure projects. The company is committed to providing tailored solutions to its customers, offering flexible contract terms and a range of technical and financial support related to natural gas compression and its associated infrastructure.

Innova Global

Acquisition in 2015
Innova Global Limited specializes in engineering, fabrication, and construction services, focusing on noise control and waste heat recovery solutions for various industrial sectors, including power generation and petrochemicals. The company offers a wide range of services, such as acoustic consulting, air pollution compliance, and the installation of systems for managing noise and air emissions. Its product line includes gas path auxiliary equipment for gas turbines, heat recovery steam generators, and specialized boilers. Innova Global's projects encompass diverse applications such as compressor stations, noise management systems, and retrofitting services across multiple industries. Operating from its base in Calgary, Canada, the company serves clients globally, with sales offices in North America and a network of third-party fabrication facilities. Innova Global was established in 2012 and has evolved from its previous identity as ATCO Emissions Management Ltd. following its acquisition by TriWest Capital Partners in 2015.

Prostar Energy

Acquisition in 2015
Prostar Energy is a leading designer and manufacturer of automated well servicing equipment tailored for the energy exploration and production sectors. The company specializes in providing innovative solutions, including hydrostatic brakes, sheaves, hook clevis, mud pumps, and oil drilling equipment. Through its two wholly owned subsidiaries in Canada, Prostar operates fully automated service rigs that enhance efficiency in the heavy oil market. The company is recognized for its experienced and knowledgeable crews, ensuring high-quality service and operational excellence in well servicing.

Strike Group

Acquisition in 2015
Strike Group Inc. is an energy service and construction company based in Calgary, Canada, founded in 2004. The company provides a comprehensive range of services, including plant and facility construction, pipeline construction and maintenance, and electrical construction and instrumentation services. Additionally, Strike Group specializes in facility maintenance turnarounds, module assembly and fabrication, as well as tank cleaning services. Its offerings extend to the installation of compressors, separators, line heaters, and meter stations. The company serves various industries, including oil and gas, midstream, transportation, mining, and utilities, focusing on delivering project construction and maintenance solutions tailored to the energy sector.

International Fitness Holdings

Acquisition in 2014
International Fitness Holdings Inc. has been promoting healthy lifestyles in Alberta for over 30 years. The company operates multiple fitness club brands, including World Health, SPALADY, and Bankers Hall Club, with a total of 14 locations in Calgary and Edmonton. These fitness centers provide a variety of services, including gym facilities, group exercise classes, and personal training, catering to a diverse clientele with flexible membership options. Through its commitment to fitness and wellness, International Fitness Holdings has established itself as a prominent player in the region's health and fitness landscape.

Broda Group

Acquisition in 2014
Broda Group is a heavy construction company based in Prince Albert, Canada, specializing in earthwork, civil construction, aggregate processing, and concrete production. Founded in 1957, Broda Group serves both public and private sectors across Western Canada. The company offers a wide range of services, including highway construction, logging road development, rock blasting, and mineral extraction. Its aggregate processing division utilizes advanced equipment to handle over three million cubic meters of rock material annually, producing crushed stone for various applications such as rail ballast and concrete production. Additionally, Broda Group provides civil and drainage solutions, project management for infrastructure projects, and logistical support for remote work sites, ensuring efficient project execution at competitive costs. The company is recognized for its commitment to quality and service in the heavy construction industry.

NCSG Crane & Heavy Haul

Acquisition in 2014
NCSG Crane & Heavy Haul Corporation offers crane rental and heavy haul services in western North America. It offers operated and maintained cranes, bare rental cranes, contract lifting, heavy hauling, on-site transportation, hoisting and transportation-related engineering, logistics coordination, jack-and-slide, oilfield and boom truck, and specialty rigging services, including gantries and heavy forklifts. The company has a fleet of mobile cranes, conventional trailers, and lines of hydraulic platform trailers. It also provides equipment sale. The company offers its products and services for oil and gas, infrastructure, wind energy, and mining projects. NCSG Crane & Heavy Haul Corporation was formerly known as NC Services Group Ltd. The company was founded in 1987 and is headquartered in Edmonton, Canada.

ZyTech Building Systems

Private Equity Round in 2014
Zytech Building Systems, Inc. is a manufacturer and distributor of building supply products primarily serving one-time home builders, track builders, and general contractors in Canada. Established in 1997 and headquartered in Balzac, Canada, the company specializes in providing a range of high-quality components such as roof trusses, floor systems, lumber packages, pre-fabricated stairs, wall panels, and decking materials. Zytech also offers design and engineering services to enhance its product offerings. With additional sales and engineering centers in Red Deer and Stony Plain, as well as production facilities in Leduc and a commercial location in Calgary, the company effectively caters to residential, commercial, and agricultural construction projects in Alberta and Saskatchewan.

Kayden Industries

Acquisition in 2014
Kayden Industries Ltd. specializes in designing and manufacturing high-volume centrifuges and dewatering systems primarily for the energy and drilling industries. Founded in 1995 and headquartered in Calgary, Canada, the company offers a range of products including mammoth and predator centrifuges, mobile dewatering trailers, and various auxiliary equipment such as premix tanks and floc tanks. These systems are utilized to separate drill cuttings from drilling fluid, which enhances drilling performance, extends the life of drilling fluid systems, and minimizes environmental impact by improving the management of solids disposal. In addition to its manufacturing capabilities, Kayden Industries provides field support and technical services, including laboratory testing, delivery, installation, maintenance, and on-site inspections, ensuring comprehensive support for its clients across multiple locations in Canada and operations in New York.

Landmark Cinemas

Acquisition in 2014
Landmark Cinemas is a theatre exhibition company that operates motion picture theatres primarily in Western Canada and Ontario. The company provides a diverse range of screening options, including premium large format brands and RealD 3D technology. In addition to traditional movie screenings, Landmark Cinemas offers alternative programming, special events, and on-screen digital advertising. The company also facilitates theatre rentals and online booking services, enhancing the overall customer experience. Moreover, Landmark Cinemas features a selection of food and beverages, including popcorn, to complement the movie-going experience.

Source Energy Services

Private Equity Round in 2013
Source Energy Services Ltd. is a Calgary-based company that specializes in the production, supply, and distribution of Northern White frac sand, primarily for the oil and gas exploration and production sectors in Western Canada and the United States. Founded in 2017, the company provides an integrated solution that includes frac sand sourced from its Wisconsin mines and processing facilities, as well as a network of terminals in Western Canada and comprehensive last-mile logistics. In addition to frac sand, Source Energy Services offers storage and logistics for other bulk oil and gas well completion materials. The company has also developed a proprietary mobile sand storage and handling system known as Sahara, enhancing its service offerings in the field.

Colter Energy

Acquisition in 2013
Colter energy is a provider of production testing equipment and services to the oil and gas industry. Colter energy service supports all aspects of the upstream oil and gas industry with a primary focus on efficiency and safety.

Triple M Housing

Acquisition in 2013
Triple M Housing Ltd. is a home building company based in Lethbridge, Canada, specializing in manufactured and modular housing solutions for individuals and businesses in North America. Founded in 1981, the company offers a diverse range of products, including modular and ready-to-move homes, manufactured homes, and specialized housing options such as cottages and workforce housing. Triple M Housing caters to both commercial contractors and residential homebuilders, distributing its products through a network of dealers across the continent. The company is recognized for providing affordable housing that meets or exceeds the quality standards of traditional site-built homes.

Northern Mat & Bridge

Private Equity Round in 2012
Northern Mat & Bridge LP specializes in providing temporary access solutions for various industries, including construction, mining, and energy. The company manufactures, sells, rents, and installs a range of products such as wooden access mats, steel frame rig mats, and both temporary and permanent bridge structures. These solutions enable clients to operate in challenging terrains while minimizing environmental impact. Additionally, Northern Mat offers comprehensive services, including emergency response, project planning, maintenance, and inventory management. Their modern fleet of transport trucks and equipment ensures efficient and safe installation of their products. Established in 1999 and headquartered in Clairmont, Canada, with additional offices in Alberta, British Columbia, and Saskatchewan, Northern Mat serves a diverse clientele across Canada, addressing the needs of sectors like oil and gas, wind energy, and pipeline construction.

Concreate

Private Equity Round in 2011
Concrete rehabilitation, concrete protection, and new construction projects. Bridge and overpass rehabilitation services comprise the largest service category for the company.

Driving Force

Private Equity Round in 2010
Driving Force is a company specializing in vehicle rentals, sales, and leasing services for commercial, business, and personal use. Its primary focus is on supplying light-duty trucks and customized vans, catering to various customer needs. The company provides a range of services, including truck rentals, sports utility vehicle rentals, special event rentals, and the sale of both new and used cars and trucks. Additionally, Driving Force offers leasing options for new and pre-owned vehicles, ensuring flexibility and convenience for its clients.

Gardewine

Private Equity Round in 2008
Gardewine is a transportation service provider based in Canada, specializing in various freight solutions for both national and global markets. The company operates through five distinct brands and three entities, offering a comprehensive range of services. These include the transportation of general and perishable goods, flatbed freight, bulk commodities, and both long-distance and local cartage services. Gardewine also provides less than truckload (LTL) and full truckload open-deck transportation, catering to diverse logistics needs.

NSC Minerals

Private Equity Round in 2008
NSC minerals is a salt and liquid calcium chloride suppliers company. supply of Quality Products and Customer-Focus. The company also supplies salt for retail, animal feed, and hide curing applications.

Fraser River Pile & Dredge (FRDP)

Private Equity Round in 2008
FRDP is a provider of marine construction and dredging services. Also involved in both land foundation and marine environmental remediation work.

Primex

Acquisition in 2008
Primex Technologies Inc. is a Canadian company, established in 1971 and headquartered in Langley, British Columbia, specializing in the manufacture of plastic casings for communications equipment. Initially starting as a small custom injection molder, Primex has evolved through the integration of its predecessor companies, including Vanguard Plastics, Premo Plastics, and VPL Enterprises Ltd. This evolution has allowed Primex to develop extensive capabilities in the design, engineering, and mold fabrication of various proprietary and patented plastic products. As of July 2019, Primex operates as a subsidiary of Oldcastle Infrastructure, further enhancing its market presence and operational capacity.

KMC Mining

Private Equity Round in 2008
KMC Mining Corporation specializes in contract mining services, primarily within the open-pit mining sector of the Canadian oilsands. Founded in 1949 and based in Acheson, Canada, the company offers a comprehensive suite of services that includes site preparation, tailings dyke and haul road construction, overburden removal, and ore hauling. Additionally, KMC provides reclamation services such as muskeg removal, soil salvaging, and site remediation. The company's expertise extends beyond oilsands to other mining sectors, including zinc, coal, gold, uranium, and diamonds. KMC Mining is recognized for its extensive fleet of well-maintained heavy mining equipment and its commitment to promoting a safe working environment.

RTL-westcan

Private Equity Round in 2006
RTL-Westcan is also engaged in civil and industrial construction. The Company provides LTL service to all communities in the Western Arctic and scheduled LTL service between Edmonton, Enterprise and Yellowknife. The Company also utilizes its logistical expertise and its vast fleet of trailer configurations for a variety of unique contract hauling projects.

Con-force

Private Equity Round in 2006
Con-force is a precast concrete industry. Con-Force’s in-house design and engineering group and field services team provide customers with value-added solutions for a wide range of projects. Con-Force specializes in the custom project design and manufacture of precast and prestressed structures including bridges, parkades, architectural cladding and standard products utilized in the construction industry.

Royal camp

Private Equity Round in 2006
Royal Camp Services Ltd. specializes in providing camp and catering services for remote projects across various sectors, including oil and gas, construction, and forestry. Founded in 1991 and based in Edmonton, Canada, the company operates multiple open camps in Western Canada, offering a comprehensive range of services. These include workforce accommodations, menu planning, grocery delivery, daily food preparation, and custodial support. Royal Camp manages a fleet of specialized units, such as dormitories, kitchen and dining facilities, medical quarters, command centers, and recreational units. Through its services, the company enables clients to outsource their camp and catering needs, allowing them to concentrate on their primary business operations.

SCM Insurance

Private Equity Round in 2004
SCM Insurance Services is the largest independent, privately owned provider of claims management and risk management services in Canada. Founded in 1986 and headquartered in Edmonton, the company offers a wide range of insurance solutions designed to address the diverse needs of the property and casualty insurance industry. Its services include claims adjusting, third-party administration, risk management, and loss prevention, tailored to mitigate threats and reduce risks to physical assets and reputations. SCM Insurance specializes in various areas, including accident benefits, automobile, liability, environmental impairment, and professional liability, among others. With a focus on innovative technology, expert staff, and strong customer service, SCM Insurance is committed to evolving its offerings to meet the changing challenges faced by its clients.

Primex

Private Equity Round in 2004
Primex Technologies Inc. is a Canadian company, established in 1971 and headquartered in Langley, British Columbia, specializing in the manufacture of plastic casings for communications equipment. Initially starting as a small custom injection molder, Primex has evolved through the integration of its predecessor companies, including Vanguard Plastics, Premo Plastics, and VPL Enterprises Ltd. This evolution has allowed Primex to develop extensive capabilities in the design, engineering, and mold fabrication of various proprietary and patented plastic products. As of July 2019, Primex operates as a subsidiary of Oldcastle Infrastructure, further enhancing its market presence and operational capacity.

Morphotek

Series C in 2004
Morphotek is a prominent life science company focused on developing innovative biological products for the treatment of cancer, inflammatory conditions, and infectious diseases. Established in 2000, Morphotek specializes in the discovery and development of monoclonal antibodies (mABs) and conducts research and clinical development programs for its own drug candidates. The company targets various ailments, including ovarian and pancreatic cancers, rheumatoid arthritis, and asthma. The foundation of Morphotek's technology lies in morphogenics, co-invented by Dr. Nicholas Nicolaides during his post-graduate studies at Johns Hopkins Medical School, alongside co-founders Dr. Philip Sass and Dr. Luigi Grasso. This proprietary technology has significantly advanced Morphotek's capabilities in creating novel pharmaceutical products and therapeutic targets.

Dryair

Private Equity Round in 2002
Dryair is a manufacturer of climate control solutions that are versatile, reliable and cost-effective. The Dryair product was aimed at the agricultural industry with the introduction of an innovative grain drying system.

TerraLink

Private Equity Round in 2000
TerraLink provides growers with a wide range of fertilizers, seeds, agrochemicals, equipment, plastics, amendments and other inputs. TerraLink is a manufacturer and distributor of fertilizer, seed and crop protection products. We strive to improve farm productivity by offering superior fertilizers and other crop input technologies with unparalleled agronomic support.

Swiss Water

Private Equity Round in 2000
Swiss Water Process removes caffeine from coffee for leading coffee roasters throughout the United States and 56 different countries around the world. As the only consumer-branded decaffeination process, Swiss Water Process stands for environmentally responsible, chemical-free caffeine removal for Specialty Coffees.

Cover-All Building Systems

Private Equity Round in 2000
Cover-All Building Systems is a manufacturer and distributor of pre-engineered membrane building systems, specializing in steel-framed, engineered fabric buildings. The company offers a range of building structures designed for various sectors, including agricultural, industrial, commercial, and recreational markets. Cover-All's products are marketed under the Cover-All and Summit Structures brands, and they are sold through a dealer network primarily serving the North American and European construction markets.
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