M&A Deal Summary

Ayrfit West Acquires International Fitness Holdings

On April 1, 2021, Ayrfit West acquired consumer services company International Fitness Holdings from TriWest Capital Partners

Acquisition Highlights
  • This is Ayrfit West’s 1st transaction in the Consumer Services sector.
  • This is Ayrfit West’s 1st transaction in Canada.
  • This is Ayrfit West’s 1st transaction in Alberta.

M&A Deal Summary
Date 2021-04-01
Target International Fitness Holdings
Sector Consumer Services
Buyer(s) Ayrfit West
Sellers(s) TriWest Capital Partners
Deal Type Add-on Acquisition

Target

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.

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Buyer(S) 1

Buyer

Ayrfit West

Calgary, Alberta, Canada
Category Company
Sector Consumer Services
DESCRIPTION

Ayrfit West is an entity established to acquire the assets of IFH. Ayrfit West is based in Calgary, Alberta.

DEAL STATS #
Overall 1 of 1
Sector (Consumer Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Alberta) 1 of 1
Country (Canada) 1 of 1
Year (2021) 1 of 1

Seller(S) 1

SELLER

TriWest Capital Partners

Calgary, Alberta, Canada

Investor Investor Investor Investor Investor

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 23 of 29
Sector (Consumer Services) 1 of 1
Type (Add-on Acquisition) 6 of 11
State (Alberta) 11 of 15
Country (Canada) 23 of 27
Year (2021) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-01 PRT

Victoria, British Columbia, Canada

PRT is the producer of container-grown forest seedlings in North America. Forest seedlings are used to replant forests after timber is harvested. The company has the capacity to custom grow more than 180 million seedlings per year at 13 nurseries located in Canada and the United States. It also provides a variety of ancillary services to support the reforestation needs of its customers. PRT was founded in 1988 and is based in Victoria, British Columbia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-19 Supreme International

Wetaskiwin, Alberta, Canada

Supreme International is a manufacturer of feed mixers for the dairy and beef industries. It manufactures cutter-mixer-feeder and ancillary equipment which allow customers to maximize the productivity of their dairy or beef operations by optimizing the mix of feed provided to their livestock. Supreme offers approximately 50 different models in a variety of configurations, such as pull-type, truck mount, self-propelled and stationary units. Supreme International was founded in 1953 and is based in Wetaskiwin, Alberta.

Buy -
Mergr

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