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

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

Manging Director

Mike Stone

Vice President

John Watkins

Senior Vice President, Finance

Past deals in Oilfield Services

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.

Kayden Industries

Acquisition in 2014
Kayden Industries Ltd. specializes in the design and manufacture of solids control systems, centrifuges, and dewatering solutions primarily for the drilling industry. The company offers a range of high-volume centrifuges, including mammoth and predator models, along with auxiliary equipment such as premix tanks, shale bins, floc tanks, and pumping stations. In addition to manufacturing, Kayden provides field support and technical services, which encompass routine and research laboratory testing, as well as delivery, installation, setup, maintenance of centrifuges, and on-site inspections. Established in 1995 and headquartered in Calgary, Canada, Kayden Industries also operates facilities in Edson, Beaverlodge, Estevan, and Nelson, and has a presence in New York, New York.

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 specializes in providing production testing equipment and services tailored for the upstream oil and gas sector. The company manufactures essential tools such as mobile test separators, sand separators, multi-well diverter manifolds, flare stacks, and generators. In addition to equipment, Colter Energy offers services that include stimulation support, well optimization, and production testing. With a strong emphasis on efficiency and safety, the company aims to assist clients in meeting their project requirements effectively while ensuring safe operations.
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