M&A Deal Summary

TriWest Capital Partners Acquires Gardewine Group

On November 1, 2008, private equity firm TriWest Capital Partners acquired transportation company Gardewine Group

Acquisition Highlights
  • This is TriWest Capital Partners’ 4th transaction in the Transportation sector.
  • This is TriWest Capital Partners’ 23rd transaction in Canada.
  • This is TriWest Capital Partners’ 1st transaction in Manitoba.
Investment Fate
  • Gardewine Group was sold to a strategic buyer in 2015 for 172M USD.

M&A Deal Summary

Date 2008-11-01
Target Gardewine Group
Sector Transportation
Buyer(s) TriWest Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Gardewine Group

Winnipeg, Manitoba, Canada
Gardewine Group, Inc. is a provider of freight transportation services in Canada.

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Buyer(S) 1

Buyer

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 23 of 54
Sector: Transportation M&A 4 of 5
Type: Buyout (LBO, MBO, MBI) M&A Deals 19 of 32
State: Manitoba M&A 1 of 2
Country: Canada M&A 23 of 51
Year: 2008 M&A 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-11-01 TriWest Road Safety

Saskatchewan, Alberta, Canada

TriWest Road Safety is a leading supplier of bulk and packaged salt products in Western Canada and the Northern and Midwestern United States. Typical applications include highway de-icing, residential / commercial de-icing, animal nutrition, hide curing and various industrial uses.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-01-01 TerraLink Horticulture

Abbotsford, British Columbia, Canada

TerraLink Horticulture is a manufacturer and distributor of crop input products for professional growers of specialty crops in Western Canada. Primary product lines include fertilizer, crop protection, forage and turf seeds, greenhouse vegetable seed, agricultural use plastics, as well as other supplies used by commercial growers. TerraLink Horticulture was founded in 1973 and is based in Abbotsford, British Columbia.

Sell -