TriWest Capital Partners Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, TriWest Capital Partners has acquired 3 companies. It has also invested in 3 others.

TriWest Capital Partners’ most common sectors for investment aretransportation (12%) and building materials (10%) . The Firm’s most common investment types include buyout (lbo, mbo, mbi) (61%) and growth capital (22%). In total, TriWest Capital Partners has invested in 2 US states and 2 different countries. Its largest (disclosed) acquisition occurred in 2014 when it acquired Broda Construction Group for $39M.

In the last 3 years, TriWest Capital Partners has exited 7 companies. The Firm’s most common exit type is trade sale (36%). TriWest Capital Partners’ largest (disclosed) exit occurred in 2021 when it sold California TrusFrame for $180M.

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M&A Summary

  • M&A Total Activity79
    • M&A Buy Activity51
    • M&A Sell Activity28
  • Total Sectors Invested 28
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 18
  • M&A Advisors 9

TriWest Capital Partners

TriWest Capital Partners

4600, 400 3rd Ave. SW,
Calgary, Alberta T2P 4H2
Canada
(403) 225-1144
www.triwest.ca
info@triwest.ca

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.


Investment Criteria

Sectors of Interest: Automotive, Building Materials, Construction, Consumer Services, Distribution, Electrical Equipment, Energy Services and Equipment, Engineering, Financial Services, Internet Software and Services, Machinery, Manufacturing, Marine, Metals/Mining, Oil/Gas Exploration, Retail, Software, Test/Measurement Equipment, Transportation, Utilities

Target Transaction Types: Buyout (LBO, MBO, MBI), Divestiture, Growth Capital, Recapitalization, Special Situations/Distressed

Geographic Preferences: Canada

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA 5 100
Investment Size - -
Enterprise Value - -
values in millions of CAD

M&A Summary

Buy vs Sell

Year ≤ '18 '19 '20 '21 '22 '23 T
Buy (1.2/yr) # 45 - - 2 3 1 51
vol $39M $39M
Sell (1.6/yr) # 20 1 - 4 1 2 28
vol $120M $180M $300M
  79

Most Recent M&A

Company Date Value Type
ZyTech Building Systems LP 2023-10-11 - Trade Sale
Balzac, Alberta · www.zytechtruss.com
Phoenix Fence Corp. 2023-02-07 - Buyout (LBO, MBO, MBI)
Edmonton, Alberta · www.phoenixfence.ca
Triple M Housing Ltd. 2023-01-19 - Trade Sale
Lethbridge, Alberta · www.triplemhousing.com
Monarch Industries Ltd. 2022-09-30 - Secondary Buyout
Winnipeg, Manitoba · www.monarchindustries.com
Outdoor Adventure Group 2022-09-21 - Consolidation
Kelowna, British Columbia · www.outdooradventuregroup.com
A Parent Media Co. Inc. 2022-06-22 - Growth Capital
Calgary, Alberta · www.kidoodle.tv
Northern Mat & Bridge LP 2022-05-11 - Trade Sale
Grande Prairie, Alberta · www.northernmat.ca
California TrusFrame LLC 2021-09-02 180M USD Trade Sale
Murrieta, California · www.caltrusframe.com
Trimlite LLC 2021-07-28 - Secondary Sale
Renton, Washington · www.trimlite.com
RecallMax 2021-04-26 - Growth Capital
Calgary, Alberta · www.recallmax.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Outdoor Adventure Group 2022-09-21 Northern Lite Mfg. Ltd. 2022-09-21 2
Kelowna, British Columbia · www.outdooradventuregroup.com Kelowna, British Columbia · www.northern-lite.com
Outdoor Adventure Group 2022-09-21 Off Grid Trailers LP 2022-09-21 1
Kelowna, British Columbia · www.outdooradventuregroup.com Edmonton, Alberta · www.offgridtrailers.com
NCSG Crane & Heavy Haul Corp. 2006-10-16 B&G Crane Service LLC 2019-03-01 1
Acheson, Alberta · www.ncsg.com Jefferson, Louisiana · www.bgcrane.com

M&A by Sector

Sector Current # Value All-time # Value
Transportation 1 (6%) - 6 (12%) -
Building Materials - - 5 (10%) -
Construction 1 (6%) 39M (100%) 4 (8%) 39M (100%)
Manufacturing 2 (12%) - 4 (8%) -
Machinery 2 (12%) - 3 (6%) -
Business Services - - 2 (4%) -
Chemicals - - 2 (4%) -
Energy Services and Equipment 1 (6%) - 2 (4%) -
Food - - 2 (4%) -
Media 1 (6%) - 2 (4%) -
Oil/Gas Exploration 1 (6%) - 2 (4%) -
Automotive 1 (6%) - 1 (2%) -
Consumer Services - - 1 (2%) -
Distribution - - 1 (2%) -
Electrical Equipment 1 (6%) - 1 (2%) -
Engineering - - 1 (2%) -
Financial Services - - 1 (2%) -
Healthcare Services - - 1 (2%) -
Insurance - - 1 (2%) -
Internet Software and Services 1 (6%) - 1 (2%) -
Leisure - - 1 (2%) -
Marine 1 (6%) - 1 (2%) -
Metals/Mining - - 1 (2%) -
Plastics - - 1 (2%) -
Retail 1 (6%) - 1 (2%) -
Software 1 (6%) - 1 (2%) -
Test/Measurement Equipment 1 (6%) - 1 (2%) -
Utilities 1 (6%) - 1 (2%) -
Total 17 $39M 51 $39M

Acquisitions By Geo

State/Country Current # Value All-time # Value
Canada 17 (100%) 39M (100%) 49 (96%) 39M (100%)
  Alberta 12 (71%) - 28 (55%) -
  British Columbia 3 (18%) - 8 (16%) -
  Ontario - - 6 (12%) -
  Saskatchewan 1 (6%) 39M (100%) 4 (8%) 39M (100%)
  Manitoba 1 (6%) - 2 (4%) -
  Northwest Territory - - 1 (2%) -
United States - - 2 (4%) -
  Washington - - 1 (2%) -
  California - - 1 (2%) -
Domestic 17 (100%) 39M (100%) 49 (96%) 39M (100%)
Cross-border - - 2 (4%) -
Total 17 $39M 51 $39M

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 7 (41%) - 31 (61%) -
Growth Capital 6 (35%) - 11 (22%) -
Secondary Buyout 2 (12%) - 4 (8%) -
Divestiture 1 (6%) 39M (100%) 3 (6%) 39M (100%)
Consolidation 1 (6%) - 2 (4%) -
Total 17 $39M 51 $39M

Exits by Deal Type

Type Total # Value
Trade Sale 9 (32%) 120M (40%)
Secondary Sale 5 (18%) -
Unknown 4 (14%) -
Trade Sale - Public Company 3 (11%) 180M (60%)
Merger 3 (11%) -
IPO 2 (7%) -
Bankruptcy 1 (4%) -
Recapitalization 1 (4%) -
Total 28 $300M

Top M&A Advisors

Financial Deals
Lincoln International
 2
Goldman Sachs
 1
CIBC Capital Markets
 1
Legal Deals
Ernst & Young - Law
 2
Bennett Jones LLP
 2
Ropes & Gray
 1

Deal Values

buy # Total
< $100M 1 $39M
TOTAL $39M
Largest Broda Construction Group
$39M (2014-09-02)
sell # Total
$100M to $1B 2 $300M
TOTAL $300M
Largest California TrusFrame LLC
$180M (2021-09-02)

M&A Connections

Deals
Acquired from
Investor(s)
8%
4 (8%)
Strategic(s)
4%
2 (4%)
Exited to
Investor(s)
21%
6 (21%)
Strategic(s)
36%
10 (36%)

Investor Summary

Investor Type

Private Equity Firm

Size

Large

PE Assets

1.6B CAD

Established

1998

Specialist/Generalist

Generalist

Leadership

Ron Jackson

Co-founder

Lorne Jacobson

Co-Founder & Vice Chairman

Chad Danard

Senior Managing Director

Jeff Belford

Senior Managing Director

Mick MacBean

Senior Managing Director

FAQ

When was TriWest Capital Partners founded?

TriWest Capital Partners was founded in 1998.

What type of investor is TriWest Capital Partners?

TriWest Capital Partners is a private equity firm.

Where is TriWest Capital Partners headquartered?

TriWest Capital Partners is headquartered in Calgary, Alberta.

How much capital does TriWest Capital Partners have under management?

TriWest Capital Partners has 1.6B CAD under management.

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