Investment Summary

InstarAGF Asset Management and PFM Capital Invest In Steel Reef

On April 20, 2016, asset manager InstarAGF Asset Management and private equity firm PFM Capital invested in infrastructure company Steel Reef

Investment Highlights
  • This is InstarAGF Asset Management’s 1st and PFM Capital’s 1st transaction in the Infrastructure sector.
  • This is InstarAGF Asset Management’s 1st and PFM Capital’s 23rd transaction in Canada.
  • This is InstarAGF Asset Management’s 1st and PFM Capital’s 11th transaction in Alberta.

Investment Summary

Date 2016-04-20
Target Steel Reef
Sector Infrastructure
Investor(s) InstarAGF Asset Management
PFM Capital
Deal Type Growth Capital

Target

Steel Reef

Calgary, Alberta, Canada
Steel Reef is a privately held mid-stream company targeting strategic small and mid-sized infrastructure projects focused on Western Canadian. Steel Reef was founded in 2012 and is based in Calgary, Alberta.

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Investor(S) 2

DESCRIPTION

InstarAGF Asset Management, Inc. is an independent alternative asset management firm focused on the North American middle-market companies. Prospective transaction types include management buyouts and growth financings. Sectors of interest include business services, infrastructure, real estate, and utilities. InstarAGF was formed in 2014 and is based in Toronto, Ontario.


DEAL STATS #
Overall 1 of 10
Sector: Infrastructure M&A 1 of 1
Type: Growth Capital M&A Deals 1 of 1
State: Alberta M&A 1 of 1
Country: Canada M&A 1 of 5
Year: 2016 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-26 Skyservice

Toronto, Ontario, Canada

Skyservice operates three complementary divisions: Fixed-base operations (FBO), aircraft management services and aircraft maintenance. Skyservice manages the largest, most diverse fleet of aircraft in Canada and is frequently ranked as a top provider of FBO services by industry publications such as professional pilot magazine and aviation international news magazine. Skyservice was founded in 1986 and is based in Toronto, Ontario.

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 24 of 40
Sector: Infrastructure M&A 1 of 1
Type: Growth Capital M&A Deals 4 of 15
State: Alberta M&A 11 of 14
Country: Canada M&A 23 of 38
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-01 Burgess Creek Exploration

Calgary, Alberta, Canada

Burgess Creek Exploration is engaging in oil and gas exploration and development. Burgess Creek Exploration was founded in 2015 and is based in Calgary, Alberta.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-01 CORE Linepipe

Calgary, Alberta, Canada

CORE Linepipe is a manufacturing and service company that specializes in the development, manufacturing and installation of a proprietary corrosion resistant pipeline system. CORE Linepipe is based in Calgary, Alberta.

Buy -