M&A Deal Summary

Westcap Acquires Fort Garry Brewing

On November 8, 2016, private equity firm Westcap acquired beverage company Fort Garry Brewing from Tevano for 8M USD

Acquisition Highlights
  • This is Westcap’s 1st transaction in the Beverages sector.
  • This is Westcap’s 2nd largest (disclosed) transaction.
  • This is Westcap’s 10th transaction in Canada.
  • This is Westcap’s 1st transaction in Manitoba.

M&A Deal Summary
Date 2016-11-08
Target Fort Garry Brewing
Sector Beverages
Buyer(s) Westcap
Sellers(s) Tevano
Deal Type Divestiture
Deal Value 8M USD

Target

Fort Garry Brewing

Winnipeg, Manitoba, Canada
Fort Garry Brewing is an oldest microbrewery specialised in local craft beer industry. Initially, Fort Garry Brewing produced two staple products, Frontier Stout and Frontier Beer. Fort Garry Brewing was founded in 1930 and is based in Winnipeg, Manitoba.

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Buyer(S) 1

Buyer

Westcap

Investor Investor Investor Investor Investor

Category Private Equity Firm
PE ASSETS 1.0B CAD
Size Large
Type Sector Agnostic
DESCRIPTION

Westcap is a private equity firm focused on small and medium-sized businesses across Western Canada. Westcap supports management buyouts and provides capital for succession and growth. The Firm invests in a broad range of industry sectors, including agriculture, healthcare, hospitality, infrastructure, IT, and business services. Westcap was founded in 2018 and is based in Saskatoon, Saskatchewan.

DEAL STATS #
Overall 10 of 25
Sector (Beverages) 1 of 1
Type (Divestiture) 1 of 2
State (Manitoba) 1 of 3
Country (Canada) 10 of 25
Year (2016) 3 of 3
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-06 Prairie Meats

Saskatoon, Saskatchewan, Canada

Prairie Meats is providing quality meat products through its processing, wholesale and retail facilities. Prairie Meats offers 1,700 products and services throughout Saskatchewan from four locations. Prairie Meats was founded in 1983 and is based in Saskatoon, Saskatchewan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-01 Ramada Plaza Regina

Regina, Saskatchewan, Canada

Ramada Plaza Regina is a full service hotel in a prime central downtown location has renovated rooms, banquet facilities, food and beverage outlets, lobby, pool area and the all-important underground heated parkade for the those Saskatchewan winters. Ramada Plaza Regina was founded in 2012 and is based in Regina, Saskatchewaan.

Buy -

Seller(S) 1

SELLER

Tevano

Vancouver, British Columbia, Canada
Category Company
Founded 2000
Sector Beverages
Revenue 8M CAD (2015)
DESCRIPTION

Tevano has been brewing premium craft beer using the finest ingredients available. Tevano was founded in 2000 and is based in Surrey, Canada.

DEAL STATS #
Overall 1 of 1
Sector (Beverages) 1 of 1
Type (Divestiture) 1 of 1
State (Manitoba) 1 of 1
Country (Canada) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-01 Fort Garry Brewing

Winnipeg, Manitoba, Canada

Fort Garry Brewing is an oldest microbrewery specialised in local craft beer industry. Initially, Fort Garry Brewing produced two staple products, Frontier Stout and Frontier Beer. Fort Garry Brewing was founded in 1930 and is based in Winnipeg, Manitoba.

Buy -
Mergr

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