TriWest Capital Partners

TriWest Capital Partners, established in 1998, is a Calgary-based private equity firm that invests in mid-market companies across Canada. Focusing on the service, manufacturing, and distribution sectors, TriWest targets businesses with annual revenues between $10 million and $200 million and EBITDA ranging from $10 million to $100 million. The firm typically seeks majority stakes and holds investments for four to seven years. In addition to capital, TriWest offers operational and transactional expertise to create shareholder value. Since its inception, the firm has raised over $775 million in committed capital.

Duncan Adams

Managing Director

Jeff Belford

Senior Managing Director

Dave Connolly

Managing Director

Chad Danard

Senior Managing Director

Ryan Giles

Senior Managing Director

Mick MacBean

Senior Managing Director

Michael 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

Past deals in Oil and Gas

Lithion Power Group

Private Equity Round in 2021
HPC Energy Services, based in Calgary, Canada, specializes in horizontal drilling technologies tailored to the evolving needs of the oil and gas sector. The company is committed to enhancing operational efficiencies for its clients by integrating various tools that span from the drilling rig to the drill bit. This comprehensive approach supports the dynamic drilling environment, positioning HPC Energy Services as a key player in the industry.

Lithion Power Group

Private Equity Round in 2018
HPC Energy Services, based in Calgary, Canada, specializes in horizontal drilling technologies tailored to the evolving needs of the oil and gas sector. The company is committed to enhancing operational efficiencies for its clients by integrating various tools that span from the drilling rig to the drill bit. This comprehensive approach supports the dynamic drilling environment, positioning HPC Energy Services as a key player in the industry.

Peloton Computer Enterprises

Private Equity Round in 2017
Peloton Computer Enterprises Ltd. is a developer of drilling and well data software solutions specifically designed for the oil and gas industry. Founded in 1991 and headquartered in Calgary, Canada, with additional offices worldwide, the company offers a comprehensive suite of products for well lifecycle data management. Its key software solutions include MasterView, which serves as a corporate database for drilling and well operations data; WellView, a management system for various well-related activities; RigView, an interactive scheduling tool for managing well workloads; SiteView, focused on construction and facilities management; and ProdView, which enhances production data visualization and reporting. Peloton also provides consulting and training services to support its clients, which range from small to large oil and gas operators. With a commitment to improving operational efficiency, Peloton's software enables clients to gain deeper insights and control over their data throughout the entire well lifecycle.

Bull Moose Capital

Acquisition in 2016
Bull Moose Capital Ltd. is a Calgary-based company that specializes in the rental and leasing of natural gas compressors, particularly high horsepower reciprocating units. Founded in 2004, the company serves clients in Western Canada, facilitating the movement of natural gas through gathering systems. Bull Moose Capital is manufacturer agnostic, allowing it to offer tailored contracts that meet the specific needs of its customers. In addition to its rental services, the company also engages in the acquisition of surplus compressor units for resale, thereby providing clients with a range of solutions in natural gas compression and related infrastructure. Through its diverse offerings, Bull Moose Capital aims to enhance the efficiency and effectiveness of heavy oil and gas projects.

Innova Global

Acquisition in 2015
Innova Global Limited, based in Calgary, Canada, specializes in engineering, fabrication, and construction services with a focus on noise control and waste heat recovery solutions for various industrial sectors. The company offers a range of services including acoustic consulting, air pollution compliance, and systems for gas turbines and reciprocating engines. Its product portfolio features noise management systems, air inlet filter houses, catalyst systems for emissions reduction, heat recovery steam generators, and specialized boilers. Innova Global serves a diverse clientele across Canada, the United States, Australia, the United Kingdom, and several other countries, helping industries such as oil and gas, petrochemical, and power generation meet regulatory requirements and enhance operational efficiency. The company operates through a network of sales representatives and third-party fabrication facilities, having transitioned from its previous identity as ATCO Emissions Management after its acquisition by TriWest Capital Partners in 2015. Founded in 2012, Innova Global has established itself as a key player in the noise abatement and emissions control markets.

Prostar Energy

Acquisition in 2015
Prostar Energy is a leading designer and manufacturer of advanced 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 various oil drilling equipment, primarily serving the heavy oil market. Operating through its wholly owned subsidiaries in Canada, Prostar Energy focuses on delivering fully automated service rigs, supported by experienced and knowledgeable crews. This commitment to innovation and quality positions Prostar Energy as a key player in the oil and gas industry, meeting the evolving needs of its clients.

NCSG Crane & Heavy Haul

Acquisition in 2014
NCSG Crane & Heavy Haul Corporation is a prominent provider of crane rental and heavy haul services in western North America, established in 1987 and headquartered in Edmonton, Canada. The company boasts a diverse fleet that includes over 285 mobile cranes with capacities up to 1,350 tons, specialty cranes, and various trailers, including conventional, hydraulic platform, and SPMTs. NCSG offers a comprehensive range of services, such as contract lifting, heavy hauling, on-site transportation, and specialty rigging, catering to industries like oil and gas, infrastructure, wind energy, and mining. With a workforce exceeding 740 employees, NCSG operates across a broad geographic area, serving clients from the Arctic Circle in Canada to the Gulf Coast in the United States. The company's commitment to safety and logistics coordination ensures that it meets the unique requirements of its clients.

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, which is essential for oil and gas exploration and production in Western Canada and the United States. Founded in 2017, the company offers an integrated solution for frac sand, leveraging its Wisconsin mines and processing facilities alongside a network of terminals in Western Canada. In addition to frac sand, Source Energy Services provides storage and logistics services 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 logistics capabilities. With over a decade of experience in proppant supply and oilfield logistics, Source Energy Services aims to deliver comprehensive solutions to its customers.

Colter Energy

Acquisition in 2013
Colter Energy is a provider of production testing equipment and services tailored to the upstream oil and gas industry. The company specializes in manufacturing mobile test separators, sand separators, multi-well diverter manifolds, flare stacks, and generators. In addition to its equipment offerings, Colter Energy provides essential services such as stimulation support, well optimization, production testing, and snubbing support. By focusing on efficiency and safety, the company enables its clients to effectively meet their project requirements while ensuring safe operations in a demanding sector.

Northern Mat & Bridge

Private Equity Round in 2012
Northern Mat & Bridge LP is a Canadian company that specializes in providing temporary access solutions tailored for resource and construction-based industries. Founded in 1999 and headquartered in Clairmont, Canada, with additional offices in Calgary, Dawson Creek, and Yorkton, the company manufactures, sells, installs, rents, and manages a range of matting and bridge products, including access mats, rig mats, crane mats, and various types of bridges. Northern Mat & Bridge also offers complementary services such as emergency response, project planning, inventory management, and maintenance, facilitating operations in challenging terrains while protecting sensitive environments. Their products are utilized across multiple sectors, including construction, power transmission, mining, pipeline, and emergency response, ensuring safe and efficient access in remote and difficult locations. The company maintains a modern fleet of transport trucks and equipment to support the quick and safe installation of its offerings.

KMC Mining

Private Equity Round in 2008
KMC Mining Corporation specializes in providing comprehensive contract mining services primarily within the open-pit mining sector of the Canadian oilsands. Established in 1949 and based in Acheson, Canada, the company offers a variety of services including site preparation, tailings dyke construction, haul road construction, overburden removal, reclamation, crushing, and ore hauling. KMC Mining also engages in pre-development activities such as mine development and site grading. In addition to the oilsands sector, KMC extends its services to other mining industries, including zinc, coal, gold, uranium, and diamonds. The company is known for its extensive fleet of well-maintained heavy mining equipment, emphasizing safety and efficiency in its operations.

Royal Camp Services

Private Equity Round in 2006
Royal Camp Services Ltd., established in 1991 and headquartered in Edmonton, Canada, specializes in providing comprehensive camp and catering services for short and long-term projects in remote locations. The company offers a range of services, including menu planning, daily food preparation and service, custodial support for accommodations, and additional support services such as medic quarters and recreation units. Royal Camp Services owns and operates various open camps in Western Canada, serving clients from the oil and gas, construction, and forestry industries.
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