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  6. Westcap Invests In 18 Wheels

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 26
Sector: Business Services M&A 2 of 2
Type: Growth Capital M&A Deals 7 of 10
State: British Columbia M&A 2 of 2
Country: Canada M&A 23 of 26
Year: 2023 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-31 HJR Asphalt

Saskatoon, Saskatchewan, Canada

HJR Asphalt is a highway construction and a paving company. HJR Asphalt was founded in 1988 and is based in Saskatoon, Saskatchewan.

Sell -
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. Timber-Tech Truss is based in Aldersyde, Alberta.

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