Investment Summary

Westcap Invests In Northway Aviation

On March 6, 2024, private equity firm Westcap invested in transportation company Northway Aviation

Investment Highlights
  • This is Westcap’s 1st transaction in the Transportation sector.
  • This is Westcap’s 25th transaction in Canada.
  • This is Westcap’s 3rd transaction in Manitoba.

Investment Summary

Date 2024-03-06
Target Northway Aviation
Sector Transportation
Investor(s) Westcap
Deal Type Growth Capital

Target

Northway Aviation

Andrews, Manitoba, Canada
Northway Aviation provides passenger and cargo service to the communities of eastern and north-eastern Manitoba, as well as communities into western Ontario. Northway Aviation was founded in 1962 and is based in Andrews, Manitoba.

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Investor(S) 1

Investor
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 25 of 26
Sector: Transportation M&A 1 of 1
Type: Growth Capital M&A Deals 9 of 10
State: Manitoba M&A 3 of 3
Country: Canada M&A 25 of 26
Year: 2024 M&A 2 of 2
PREVIOUS 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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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-01-09 Inland Steel Products

Saskatoon, Saskatchewan, Canada

Inland Steel Products is a provider of metal recycling services and offers drop-off and mobile pickup options for scrap metal and providing sustainable solutions for resource recovery. Inland Steel Products was founded in 1967 and is based in Saskatoon, Saskatchewan.

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