TriWest Capital Partners Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, TriWest Capital Partners has acquired 2 companies. It has also invested in 3 others.

TriWest Capital Partners’ most common sectors for investment aretransportation (13%) and building materials (11%) . The Firm’s most common investment types include buyout (lbo, mbo, mbi) (64%) 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 The Broda Construction Group for $39M.

In the last 3 years, TriWest Capital Partners has exited 4 companies. The Firm’s most common exit type is trade sale (25%). 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 Activity71
    • M&A Buy Activity47
    • M&A Sell Activity24
  • Total Sectors Invested 26
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 14
  • M&A Advisors 5

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: Beverages, Building Materials, Business Services, Chemicals, Construction, Consumer Products, Consumer Services, Distribution, Electrical Equipment, Engineering, Financial Services, Food, Healthcare Services, Insurance, Leisure, Manufacturing, Metals/Mining, Oil/Gas Exploration, Plastics, Transportation

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 10 100
Investment Size - -
Enterprise Value - -
values in millions of CAD

M&A Summary

Buy vs Sell

Year ≤ '16 '17 '18 '19 '20 '21 T
Buy (1.4/yr) # 40 2 3 - - 2 47
vol $39M $39M
Sell (1.0/yr) # 19 1 - 1 - 3 24
vol $120M $180M $300M
  71

Most Recent M&A

Company Date Value Type
California TrusFrame LLC 2021-09-02 180M USD Add-on Acquisition
Murrieta, California · www.caltrusframe.com
Trimlite LLC 2021-07-28 - Secondary Buyout
Renton, Washington · www.trimlite.com
RecallMax 2021-04-26 - Growth Capital
Calgary, Alberta · www.recallmax.com
Supreme International Ltd. 2021-04-19 - Growth Capital
Wetaskiwin, Alberta · www.supremeinternational.com
PRT Growing Services Ltd. 2021-04-01 - Secondary Buyout
Victoria, British Columbia · www.prt.com
Innova Global Ltd. 2019-04-01 - Bankruptcy
Calgary, Alberta · www.innova-gl.com
California TrusFrame LLC 2018-10-31 - Growth Capital
Murrieta, California · www.caltrusframe.com
PRT Growing Services Ltd. 2018-08-23 - Secondary Buyout
Victoria, British Columbia · www.prt.com
Lithion Power Group 2018-04-18 - Secondary Buyout
Calgary, Alberta · www.lithiongroup.com
Coast Wholesale Appliances, Inc. 2017-10-02 - Growth Capital
Vancouver, British Columbia · www.coastappliances.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
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 (13%) -
Building Materials 2 (11%) - 5 (11%) -
Construction 2 (11%) 39M (100%) 4 (9%) 39M (100%)
Energy Services and Equipment 2 (11%) - 3 (6%) -
Manufacturing 1 (6%) - 3 (6%) -
Business Services - - 2 (4%) -
Chemicals - - 2 (4%) -
Food - - 2 (4%) -
Machinery 1 (6%) - 2 (4%) -
Oil/Gas Exploration 1 (6%) - 2 (4%) -
Consumer Services 1 (6%) - 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%) -
Media - - 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 18 $39M 47 $39M

Acquisitions By Geo

State/Country Current # Value All-time # Value
Canada 18 (100%) 39M (100%) 45 (96%) 39M (100%)
  Alberta 15 (83%) - 26 (55%) -
  British Columbia 2 (11%) - 7 (15%) -
  Ontario - - 6 (13%) -
  Saskatchewan 1 (6%) 39M (100%) 4 (9%) 39M (100%)
  Northwest Territory - - 1 (2%) -
  Manitoba - - 1 (2%) -
United States - - 2 (4%) -
  Washington - - 1 (2%) -
  California - - 1 (2%) -
Domestic 18 (100%) 39M (100%) 45 (96%) 39M (100%)
Cross-border - - 2 (4%) -
Total 18 $39M 47 $39M

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 9 (50%) - 30 (64%) -
Growth Capital 6 (33%) - 10 (21%) -
Divestiture 1 (6%) 39M (100%) 3 (6%) 39M (100%)
Secondary Buyout 2 (11%) - 3 (6%) -
Consolidation - - 1 (2%) -
Total 18 $39M 47 $39M

Exits by Deal Type

Type Total # Value
Trade Sale 6 (25%) 120M (40%)
Secondary Sale 5 (21%) -
Unknown 4 (17%) -
Merger 3 (13%) -
Trade Sale - Public Company 2 (8%) 180M (60%)
IPO 2 (8%) -
Bankruptcy 1 (4%) -
Recapitalization 1 (4%) -
Total 24 $300M

Top M&A Advisors

Financial Deals
Lincoln International
 2
FirstEnergy Capital Corp.
 1
Legal Deals
Bennett Jones LLP
 1
Ropes & Gray LLP
 1
Stikeman Elliott LLP
 1

Deal Values

buy # Total
< $100M 1 $39M
TOTAL $39M
Largest The 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)
6%
3 (6%)
Strategic(s)
4%
2 (4%)
Exited to
Investor(s)
25%
6 (25%)
Strategic(s)
25%
6 (25%)

Investor Summary

Investor Type

Private Equity Firm

Size

Large

PE Assets

1.3B 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

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