Investment Summary

Westcap Invests In 18 Wheels

On March 22, 2023, private equity firm Westcap invested in business services company 18 Wheels

Investment Highlights
  • This is Westcap’s 2nd transaction in the Business Services sector.
  • This is Westcap’s 23rd transaction in Canada.
  • This is Westcap’s 2nd transaction in British Columbia.

Investment Summary
Date 2023-03-22
Target 18 Wheels
Sector Business Services
Investor(s) Westcap
Deal Type Growth Capital

Target

18 Wheels

Burnaby, British Columbia, Canada
18 Wheels is a third-party logistics (3PL) provider of warehousing and logistics solutions with operations in Vancouver, Toronto, Alberta, Toronto, and Washington State. The company provides a single-source solution for distribution, warehousing, transportation, and co-packing services. 18 Wheels was founded in 1979 and is based in Burnaby, British Columbia.

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Investor(S) 1

Investor

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 23 of 25
Sector (Business Services) 2 of 2
Type (Growth Capital) 7 of 9
State (British Columbia) 2 of 2
Country (Canada) 23 of 25
Year (2023) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-17 Mega Group

Saskatoon, Saskatchewan, Canada

Mega Group provides retail buying group providing Canadian retailers with business expertise and scaling opportunities. Mega Group was founded in 1965 and is based in Saskatoon, Saskatchewan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-24 Timber-Tech Truss

Aldersyde, Alberta, Canada

Timber-Tech Truss is a provider of engineered truss systems and engineered wood products, servicing customers throughout Western Canada. Timber-Tech Truss is based in Aldersyde, Alberta.

Buy -
Mergr

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