Investment Summary

BDC Capital, PFM Capital and Roynat Capital Invest In Sexton Group

On December 5, 2022, growth capital firm BDC Capital, private equity firm PFM Capital and growth capital firm Roynat Capital invested in building materials company Sexton Group

Investment Highlights
  • This is BDC Capital’s 1st, PFM Capital’s 2nd and Roynat Capital’s 3rd transaction in the Building Materials sector.
  • This is BDC Capital’s 28th, PFM Capital’s 21st and Roynat Capital’s 12th transaction in Canada.
  • This is BDC Capital’s 2nd, PFM Capital’s 2nd and Roynat Capital’s 2nd transaction in Manitoba.

Investment Summary
Date 2022-12-05
Target Sexton Group
Sector Building Materials
Investor(s) BDC Capital
PFM Capital
Roynat Capital
Deal Type Growth Capital

Target

Sexton Group

Winnipeg, Manitoba, Canada
Sexton Group is a distribution, buying group and transportation business in the building materials industry and is comprised of five businesses including Sexton Group, a Canadian building materials buying group, Kenroc Building Materials, one of Western Canada’s largest distributors of gypsum, roofing and other specialty building materials, Builders Choice Products, a specialty tool distribution company, Sexton Transport, a long haul building material trucking company and Tage Davidsen Drywall Supplies, a gypsum dealer serving contractors in Calgary and surrounding areas. Sexton Group was founded in 1985 and is based in Winnipeg, Manitoba.

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Investor(S) 3

Investor

BDC Capital

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Size Large
Type Sector Agnostic
DESCRIPTION

BDC Capital is the direct investment arm of financial services firm BDC. BDC Capital looks to invest in and provide financing to venture and growth-stage Canadian companies. The Firm's growth-stage investment unit looks to commit $3 to $35 million for minority positions in mid-market companies focused on growth. The Group does not have any sector preferences but does prefer to invest in profitable companies. BDC Capital is headquartered in Montreal.

DEAL STATS #
Overall 30 of 33
Sector (Building Materials) 1 of 1
Type (Growth Capital) 17 of 20
State (Manitoba) 2 of 2
Country (Canada) 28 of 31
Year (2022) 6 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-29 InvestorCOM

Toronto, Ontario, Canada

InvestorCOM is a provider of financial technology and outsourcing services to banks, asset managers, insurance companies, and investment dealers. InvestorCOM was founded in 2010 and is based in Toronto, Ontario.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-16 Tecnic

Laval, Quebec, Canada

Tecnic is an operator of network of driving schools in North America with more than 160 driving schools. Tecnic was founded in 1985 and is based in Laval, Quebec.

Buy -
Investor

PFM Capital

Regina, Saskatchewan, Canada

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1989
PE ASSETS 1.1B CAD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

PFM Capital is a private equity firm focused on investing in Western Canada with an emphasis on opportunities in Saskatchewan. PFM targets small and medium sized companies and will invest across the capital structure. Areas of interest include agriculture, oil/gas, manufacturing, and real estate. PFM looks to invest $5 to $25 million per transaction. PFM was formed in 1989 and has been investing since 1993. PFM Capital is based in Regina, Saskatchewan.

DEAL STATS #
Overall 22 of 22
Sector (Building Materials) 2 of 2
Type (Growth Capital) 2 of 2
State (Manitoba) 2 of 2
Country (Canada) 21 of 21
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-14 Surface Hair

Saskatoon, Saskatchewan, Canada

Surface Hair is committed to developing natural and organic ingredients for their hair care products in a cruelty free manner. Surface supports a culture of education, guest service know-how, and technical expertise to its salon network partners and other distribution channels. Surface Hair was founded in 2008 and is based in Saskatoon, Saskatchewan.

Buy -
Investor

Roynat Capital

Investor Investor

Category Growth Capital Firm
PE ASSETS 300M CAD
Size Small
Type Sector Agnostic
DESCRIPTION

Roynat Capital is an investment arm within Canada-based bank Scotiabank that looks to provide capital to middle-market businesses for growth and/or liquidity needs. The Firm looks to invest $5 to $20 million for minority stakes in profitable businesses with minimum EBITDA of $2 million. Roynat is sector agnostic and can invest a variety of capital, including common equity, preferred equity, and convertible debt. Roynat Capital is based in Calgary, Alberta.

DEAL STATS #
Overall 12 of 13
Sector (Building Materials) 3 of 3
Type (Growth Capital) 6 of 6
State (Manitoba) 2 of 2
Country (Canada) 12 of 13
Year (2022) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-21 OAG

Kelowna, British Columbia, Canada

OAG is comprised of two recreational vehicle brands, including Northern Lite, a manufacturer of specialized fibreglass truck campers for all four seasons, and Off Grid, a designer and distributor of innovative, superior off-road trailers. Key distribution channels include a broad network of recreational vehicle dealerships across North America, and through a digital, direct-to-consumer model. OAG is based in Kelowna, British Columbia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-10 Kivuto Solutions

Ottawa, Ontario, Canada

Kivuto Solutions is a provider of advanced digital distribution and management solutions that enable the secure delivery of digital resources to individuals, businesses, and organizations anywhere in the world. Kivuto simplifies the process of delivering any digital good to any market under virtually any terms and conditions. Over 60,000 academic institutions and departments trust Kivuto to manage and distribute software to their students, faculty and staff. The company distributes software and other digital resources to millions of users in over 185 countries. Kivuto Solutions was founded in 1997 and is based in Ottawa, Ontario.

Sell -
Mergr

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