M&A Deal Summary

HKW Acquires Royal Camp Services

On November 23, 2011, private equity firm HKW acquired business services company Royal Camp Services from TriWest Capital Partners

Acquisition Highlights
  • This is HKW’s 3rd transaction in the Business Services sector.
  • This is HKW’s 2nd transaction in Canada.
  • This is HKW’s 1st transaction in Alberta.
Investment Fate
  • Royal Camp Services was sold to a consortium of financial buyers in 2022.
  • Royal Camp Services was sold to a publicly-traded strategic buyer in 2025 for 165M USD.

M&A Deal Summary

Date 2011-11-23
Target Royal Camp Services
Sector Business Services
Buyer(s) HKW
Sellers(s) TriWest Capital Partners
Deal Type Recapitalization

Target

Royal Camp Services

Edmonton, Alberta, Canada
Royal Camp Services is a provider of workforce accommodations, catering, and complementary services to customers operating in the oil, natural gas, and mining industries in western Canada. Royal Camp Services was founded in 1991 and is based in Edmonton, Alberta.

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Buyer(S) 1

Buyer

HKW

Indianapolis, Indiana, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1903
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Hammond Kennedy Whitney & Company (HKW) is a private equity firm focused on making control investments in mid-sized, 'market leading' companies generating sales of $5 to $75 million. HKW looks for companies with low risk for technological obsolescence, defined growth strategies, and talented management who want to own equity. Target transaction situations include industry consolidations, corporate divestitures, generational changes in ownership, growth equity, management buy-outs and recapitalizations. HKW prefers North American based opportunities. HKW dates back to 1903, however the Firm transitioned from sole to institutional investors in 2001. The Firm has offices in Indianapolis and New York City.


DEAL STATS #
Overall 26 of 56
Sector: Business Services M&A 3 of 8
Type: Recapitalization M&A Deals 6 of 18
State: Alberta M&A 1 of 3
Country: Canada M&A 2 of 10
Year: 2011 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-27 NESCO

Bluffton, Indiana, United States

NESCO LLC offers its specialized equipment to a diverse customer base for the maintenance, repair, upgrade and installation of critical infrastructure assets including electric lines, telecommunications networks, and rail systems. With a nationwide rental fleet of approximately 4,000 units.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-22 FURminator

Fenton, Missouri, United States

FURminator is a innovator, marketer and producer of proprietary, branded pet products.

Sell $140M

Seller(S) 1

SELLER

TriWest Capital Partners

Calgary, Alberta, Canada

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 1.7B 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, Alberta.


DEAL STATS #
Overall 13 of 30
Sector: Business Services M&A 1 of 3
Type: Recapitalization M&A Deals 4 of 4
State: Alberta M&A 4 of 15
Country: Canada M&A 13 of 28
Year: 2011 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-01 Omstead Foods

Abbotsford, British Columbia, Canada

Omstead is a processor of frozen vegetables, fruit and coated appetizers in Canada.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-14 NSC Minerals

Saskatoon, Saskatchewan, Canada

NSC Minerals, Inc. is a provider of salt for highway de-icing, industrial and agricultural applications, serving municipal, provincial and state governments. NSC Minerals was founded in 1988 and is based in Saskatoon, Saskatchewan.

Sell -