M&A Deal Summary

TriWest Capital Partners Acquires Strike Group

On September 30, 2015, private equity firm TriWest Capital Partners acquired utilities company Strike Group

Acquisition Highlights
  • This is TriWest Capital Partners’ 1st transaction in the Utilities sector.
  • This is TriWest Capital Partners’ 36th transaction in Canada.
  • This is TriWest Capital Partners’ 19th transaction in Alberta.

M&A Deal Summary
Date 2015-09-30
Target Strike Group
Sector Utilities
Buyer(s) TriWest Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Strike Group

Calgary, Alberta, Canada
website
Strike Group is an energy service and construction company focused on servicing energy, transmission and distribution, pipeline and industrial sectors throughout Western Canada. Strike Group provides project construction, fabrication, pipeline, and facility construction, plant and production facility maintenance and turnarounds, module assembly and installation, and electrical and instrumentation services. Strike Group was formed in 2004 and is based in Calgary, Alberta.

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Buyer(S) 1

Buyer

TriWest Capital Partners

Calgary, Alberta, Canada

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1998
PE ASSETS 1.6B CAD
Size Large
Type Sector Agnostic
DESCRIPTION

TriWest Capital Partners is a Canadian private equity firm focused on investments in established companies operating in a variety of industries. Broad areas of interest include the distribution, manufacturing, and service sectors. TriWest targets mid-sized, profitable companies with EBITDA of $10 to $100 million. Prospective transaction types include management buyouts, growth capital financings, generational transfers, corporate divestitures, and special situations. TriWest will not invest in real estate, technology and primary resource development. TriWest Capital Partners was formed in 1998 and is based in Calgary.

DEAL STATS #
Overall 36 of 51
Sector (Utilities) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 28 of 31
State (Alberta) 19 of 28
Country (Canada) 36 of 49
Year (2015) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-03 International Fitness Holdings

Calgary, Alberta, Canada

International Fitness Holdings is a health club operator offering a variety of health-related services including flexible gym membership options, dynamic group exercise classes, personal training, and athletic therapy. International Fitness Holdings is based in Calgary, Alberta.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-29 Prostar Energy

Nisku, Alberta, Canada

Prostar Energy is a provider and manufacturer of well services and "purpose built" well service equipment to the thermal heavy oil market. Prostar Energy is based in Nisku, Alberta.

Buy -
Mergr

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