CAI

CAI Capital Partners is a private equity firm founded in 1989 and headquartered in Vancouver, Canada, with additional offices in Montreal, Toronto, Brooklyn, and Palm Beach. The firm specializes in investing in lower middle-market businesses across North America, particularly in sectors such as manufacturing, business services, energy, consumer goods, aerospace, defense, and healthcare. CAI seeks to assist established companies, especially those undergoing transitions or looking for growth, by providing equity investments typically ranging from CAD 17.82 million to CAD 75 million. The firm prefers to take controlling stakes and actively participate in management, often taking board seats. CAI has a strong focus on companies with revenues exceeding CAD 50 million and EBITDA between CAD 3 million and CAD 10 million. With a proven track record, CAI has invested over CAD 1.4 billion in equity or equity-related investments, positioning itself as a strategic partner for motivated management teams in Canada and the United States.

Adam Black

Senior Associate

Leslie B. Daniels

Managing Partner

Ashton Herriott

Partner

Curtis Johansson

Partner

Carey Lee

Senior Associate

Tracey Mcvicar

Partner

Trevor Riback

Principal

Rob Wildeman

Partner

27 past transactions

Midwestern Electric

Private Equity Round in 2021
Midwestern Electric specializes in the maintenance and installation of traffic signals, streetlights, and intelligent transport systems, catering to government clients such as State Departments of Transportation and municipalities. The company focuses on providing essential infrastructure services, ensuring reliable and efficient management of traffic-related electrical systems. By delivering specialized electrical services, Midwestern Electric supports the needs of municipal and state authorities in maintaining and enhancing their transportation infrastructure.

ATS Services

Private Equity Round in 2021
ATS Services specializes in aviation communication and meteorological observation services, catering to government agencies, the mining and oil and gas sectors, as well as private airport operators. The company provides aerological observation of the upper atmosphere and weather communication services, along with the sale of meteorological instruments. Additionally, ATS Services offers training programs focused on the observation and reporting of meteorological conditions, ensuring clients can effectively monitor and manage weather challenges. With a comprehensive approach that includes emergency services, ATS Services supports its clients in maintaining operational safety and efficiency in various environments.

CMT Engineering Laboratories

Private Equity Round in 2020
CMT Engineering Laboratories, founded in 1978 and headquartered in Salt Lake City, Utah, specializes in civil and geotechnical engineering services. The company offers a range of services including consulting engineering, construction engineering management, highway and structural inspections, construction material testing, land surveying, and analytical laboratory services. With twelve offices across Utah, Arizona, Idaho, and Texas, CMT serves over 1,000 clients in various sectors, including construction, government, healthcare, education, and religion. The company is committed to providing technically accurate, cost-effective, and timely solutions to meet the diverse needs of its clients.

RebalanceMD

Private Equity Round in 2020
RebalanceMD Musculoskeletal Care Ltd. specializes in the diagnosis and treatment of musculoskeletal and sports injuries, catering to both acute and chronic conditions. Founded in 2011 and based in Victoria, Canada, the company operates as a comprehensive clinic that provides a range of services including orthopedics, physiotherapy, plastic surgeries, and various rehabilitation techniques. RebalanceMD emphasizes both surgical and non-surgical treatment options, offering services such as bracing and orthotics, injections, ultrasound, and electrodiagnostic medicine. Patients can access care through in-person visits or virtual consultations, ensuring a flexible and efficient healthcare experience. The clinic's multidisciplinary approach aims to deliver effective solutions for a diverse patient population.

Universal Group

Private Equity Round in 2020
Universal Group is an industry which provide traffic control services, traffic management planning, traffic equipment supply, landscaping, temporary labour and occupational health and safety training.

MDA

Private Equity Round in 2020
MDA develops and delivers advanced surveillance and intelligence solutions, defence and maritime systems, radar geospatial imagery, space robotics, satellite antennas, and communication subsystems. From locations across Canada, MDA’s global reach and heritage serving international markets with innovative and iconic solutions for space and terrestrial applications are unparalleled. MDA has successfully exported its made-in-Canada solutions for more than four decades and is poised to capture synergies across its associated companies to expand its capabilities in both traditional and developing markets. MDA is committed to delivering innovation and value in next-generation space exploration, Earth observation, space awareness, and defence systems. The new space economy is based on agility, rapid technology development and harnessing capital to turn commitments into reality, generating benefits for humanity as well as a return on investment. MDA’s 1,900 future-focused employees are working together to turn ideas into the products, services, systems, and solutions that make a better world.

Ansan Group

Acquisition in 2018
Ansan Traffic Group Ltd., founded in 2013 and headquartered in Richmond, Canada, specializes in traffic management and control services. The company operates through its subsidiaries to offer a range of solutions, including traffic control personnel, lane closure services, traffic permits, and traffic management plans. Additionally, it provides road maintenance and landscaping services, catering primarily to Western Canadian cities, maintenance crews, and construction teams. Ansan Traffic Group aims to minimize traffic disruption during construction and maintenance activities, ensuring smooth vehicular flow in urban areas.

CustomAir

Private Equity Round in 2018
CustomAir is a mechanical service provider in British Columbia, Canada. The Company offers repair, planned maintenance, and installation services for a variety of equipment including heating, ventilation, air conditioning, refrigeration, plumbing, and boilers.

Javelin Technologies

Private Equity Round in 2018
Javelin Technologies is a Canadian company specializing in 3D computer-aided design (CAD) software and solutions. It serves a diverse range of industries, including aerospace, agriculture, automotive, architecture, construction, consumer products, and education. The company provides expertise in 3D design, data management, and workflow automation, along with manufacturing and additive manufacturing services. Javelin Technologies offers comprehensive solutions such as design engineering, product data management, electro-mechanical design, enterprise resource planning (ERP), product lifecycle management (PLM), and 3D scanning. By leveraging SOLIDWORKS solutions, Javelin Technologies has enabled numerous organizations across Canada to optimize their design processes and improve operational efficiency.

Canadian Heating Products

Acquisition in 2016
Canadian Heating Products Inc. specializes in the manufacture of modern and linear gas fireplaces tailored for both residential and commercial applications. Founded in 1985 and based in Langley, Canada, the company’s diverse product range includes various styles of fireplaces such as single sided, panorama, see-through, peninsula, corner left, corner right, traditional, linear, louvered, flush-faced, flush to the floor, and tall fireplaces, along with inserts and accessories. These products are marketed through a global network of dealers, catering to a wide array of environments, including homes, restaurants, hotel lobbies, casinos, and spas.

Sympli

Private Equity Round in 2015
Sympli, operated by White House Design, is an online platform that specializes in the design, manufacturing, and marketing of women's apparel. The brand offers a line of clothing known as Sympli and Sympli Grand, focusing on high-quality fabrics selected for their comfort and drape. A team of skilled professionals is involved in the creation of these garments, ensuring that customers receive clothing that not only fits well but also provides a comfortable wearing experience. Through its commitment to quality and authentic fit, Sympli aims to meet the needs of women seeking stylish and functional attire.

Tervita

Private Equity Round in 2012
Tervita Corporation is a prominent North American environmental solutions provider that has operated since 1979. The company offers integrated services focused on earth, water, waste, and resource management, ensuring safe and efficient outcomes throughout various project phases while minimizing environmental impact. Tervita's operations are divided into segments, primarily Energy Services and Industrial Services. The Energy Services segment generates the majority of its revenue, providing essential services to the oil and gas industry, such as treatment, recovery, and disposal of fluids, energy marketing, and the processing of solid materials. The Industrial Services segment complements these offerings with additional environmental solutions. Tervita employs over 3,000 dedicated professionals committed to sustainability, with safety as a core value that shapes its culture and practices.

Feeney Brothers Excavation LLC

Private Equity Round in 2012
Feeney Brothers is a service provider to the region’s gas, electric, water, and telecommunications industry. Founded in 1988 by brothers Brendan and Greg, the company offers comprehensive solutions for complex situations in urban, suburban, and rural settings, while maintaining a focus on safety, integrity, innovation, and community.

Feeney Utility Services

Acquisition in 2012
Feeney Utility Services is a provider of diversified infrastructure services intended for the utility industry. Feeney Utility Services leverages the resources and strength of the largest natural gas utility service provider in the Northeast and the Mid-Atlantic United States to deliver safe and quality turn-key services to the utility industry.

Astronics AeroSat

Venture Round in 2008
At AeroSat Corporation, our mission is to keep you connected, no matter where you fly. For more than a decade, we have been developing aviation communications solutions for commercial aircraft and business jets that provide revolutionary global broadband and television services for passengers and crew. Today, AeroSat is on the cutting-edge of in-flight connectivity, a market poised for significant growth. Our innovative Ku-band antenna systems enable aircraft to connect to the Internet whether in flight or at the gate, affordably maintaining high-speed broadband connections in every region of the world. More than 300 of our commercial TV antennas have been installed to date, providing service where others can't, due to a weak signal, low-to-horizon positioning, or humid weather conditions. Our goal in the next two years is to become the aviation standard for wireless connectivity, television, cell-phone service, and text messaging. Within three years, we plan to introduce the next generation of airborne communications, delivering even greater connection speed at the lowest cost ever. Innovative products. Proven performance. Our product line includes four SATCOM antenna systems. Our newest product is a Fuselage Broadband Internet Antenna System that enables commercial airliners to receive true high-speed broadband Internet service. These Ku-band aircraft antennas are currently being implemented by several major airlines. In addition, we offer a Fuselage-Mounted aircraft television antenna, a Tail-Mounted aircraft television antenna and a TV/Internet Tail-Mounted Antenna. To date, we have shipped more than 300 units. Certified and approved. Today, our airborne SATCOM products are certified and in use on Boeing, Airbus, Gulfstream, Bombardier, Dessault and Cessna aircraft. AeroSat holds ISO 9001:2000 certification, Aerospace Standard (AS9100B) certification, FAA Parts Manufacture Authority (PMA) and is FAA certified on 28 types of aircraft. AeroSat's newest HR6400 Ku-band antenna is DO-160E qualified and flight tested.

GLM Industries LP

Acquisition in 2006
GLM Industries LP

Astronics AeroSat

Venture Round in 2006
At AeroSat Corporation, our mission is to keep you connected, no matter where you fly. For more than a decade, we have been developing aviation communications solutions for commercial aircraft and business jets that provide revolutionary global broadband and television services for passengers and crew. Today, AeroSat is on the cutting-edge of in-flight connectivity, a market poised for significant growth. Our innovative Ku-band antenna systems enable aircraft to connect to the Internet whether in flight or at the gate, affordably maintaining high-speed broadband connections in every region of the world. More than 300 of our commercial TV antennas have been installed to date, providing service where others can't, due to a weak signal, low-to-horizon positioning, or humid weather conditions. Our goal in the next two years is to become the aviation standard for wireless connectivity, television, cell-phone service, and text messaging. Within three years, we plan to introduce the next generation of airborne communications, delivering even greater connection speed at the lowest cost ever. Innovative products. Proven performance. Our product line includes four SATCOM antenna systems. Our newest product is a Fuselage Broadband Internet Antenna System that enables commercial airliners to receive true high-speed broadband Internet service. These Ku-band aircraft antennas are currently being implemented by several major airlines. In addition, we offer a Fuselage-Mounted aircraft television antenna, a Tail-Mounted aircraft television antenna and a TV/Internet Tail-Mounted Antenna. To date, we have shipped more than 300 units. Certified and approved. Today, our airborne SATCOM products are certified and in use on Boeing, Airbus, Gulfstream, Bombardier, Dessault and Cessna aircraft. AeroSat holds ISO 9001:2000 certification, Aerospace Standard (AS9100B) certification, FAA Parts Manufacture Authority (PMA) and is FAA certified on 28 types of aircraft. AeroSat's newest HR6400 Ku-band antenna is DO-160E qualified and flight tested.

Plastube

Private Equity Round in 2005
Plastube Inc. specializes in the design and manufacture of co-extruded and monolayer plastic tubes for various sectors, including cosmetics, pharmaceuticals, food, and industrial applications in Canada and the United States. Founded in 1963 and based in Granby, Canada, Plastube offers a diverse range of tube sizes, closure styles, and decorative options, catering primarily to large personal care and cosmetics companies. The company has established a strong niche in short-run, highly decorative tube manufacturing, cultivating a loyal customer base that fosters growth opportunities. Additionally, Plastube produces custom plastic tubes that are fully recyclable and utilizes advanced digital printing techniques to ensure minimal production lead times.

Shred-Tech

Acquisition in 2004
Shred-Tech Corporation is a leading designer and manufacturer of mobile and stationary shredding and recycling systems, headquartered in Cambridge, Ontario, Canada. Established in 1977, the company has installed over 3,500 systems globally, catering to various industries. Shred-Tech's product offerings include single, two, and four shaft shredders, line granulators, and transportable shredders, which are utilized for hard drive shredding, tire recycling, metals processing, e-waste recycling, and more. The company also provides essential services such as parts, maintenance, training, and financing to support its clients. Shred-Tech serves a diverse customer base through a network of dealers worldwide, emphasizing innovation and quality in its engineering solutions. With additional offices in locations such as North Carolina, the United Kingdom, Australia, Japan, and Thailand, Shred-Tech continues to establish itself as a global leader in the shredding and recycling industry.

Symetra

Private Equity Round in 2004
Symetra Financial Corporation is a provider of retirement, employee benefits, and life insurance products based in Bellevue, Washington. The company operates through four main segments: Benefits, Deferred Annuities, Income Annuities, and Individual Life. The Benefits segment includes offerings such as medical stop-loss insurance, group life and disability income insurance, and absence management services. The Deferred Annuities segment focuses on fixed and fixed indexed annuities designed for tax-deferred asset accumulation. The Income Annuities segment provides single premium immediate annuities for retirement income, while the Individual Life segment offers various life insurance products, including universal and term insurance. Symetra also provides reinsurance products across these categories. Its offerings are distributed through a network of financial advisors, brokers, and independent agents. Founded in 1957, Symetra is a subsidiary of Sumitomo Life Insurance Company.

DynaPlas

Acquisition in 2003
Dynaplas Ltd. designs, engineers, tests, and manufactures motor vehicle components. The company offers fuel systems and braking parts, gears and housings, insert bearings/thrust washers, pulleys, braking control modules, and electronic module cases, as well as electrical connectors, seals, and caps; and drive train, transmission, and other components and subassembly systems. The company also serves components for bicycles, kayak paddles, plumbing connectors, and packaging industries. It serves automotive suppliers in the Americas, Europe, and Asia. The company was founded in 1985 and is headquartered in Toronto, Canada. As of February 10, 2017, DynaPlas, Ltd. operates as a subsidiary of National Molding, LLC.

TurboCombustor Technology

Acquisition in 2003
TurboCombustor Technologies is a manufacturer of complex fabrication and precision machined components for gas turbine engines.

SafeGuard Health Enterprises

Private Equity Round in 1999
SafeGuard Health Enterprises is a privately held ocmpany introduce the concept of managed care dental products. SafeGuard, through its subsidiaries, provides DHMO, PPO, and Administrative Services Only (ASO) dental plans as well as vision plans to its membership. In the over 30 years that SafeGuard has been an industry leader, membership has increased to 1.8 million.

Country Style

Private Equity Round in 1999
ountry Style is the second largest coffee shop franchisor in Ontario and Atlantic provinces with over 310 franchised locations across Canada.

Livingston Group

Acquisition in 1997
Livingston Group is a prominent provider of customs brokerage, freight forwarding, and trade compliance services with operations across North America, Europe, and Asia. Founded in 1945 and headquartered in Toronto, Canada, with a U.S. headquarters in Chicago, the company supports a diverse range of industries including agriculture, technology, energy, and pharmaceuticals. It offers comprehensive services such as U.S., Mexican, and Canadian customs brokerage, global trade management, and international freight forwarding via air, ocean, and barge. Additionally, Livingston Group provides trade consulting, supply chain safety solutions, and business process services, assisting clients in navigating trade complexities and optimizing the use of free trade agreements. The company's TradeSphere software facilitates global trade management and compliance processes. With over 3,200 employees and strategic hubs in key locations, Livingston Group aims to enhance efficiency and mitigate compliance risks for its clients.

Aster-Cephac

Private Equity Round in 1996
Aster-Cephac is provides contract research, clinical pharmacology, and bio-analytical services for the international pharmaceutical, biotechnology, and medical device companies. It offers integrated services within early patients’ studies, Phase I/II studies, proof of concept studies, PK/PD and bio-analysis studies, clinical chemistry, bio-analysis, data management, pharmacokinetic, statistical analysis, and report writing services.
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