Westcap Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, Westcap has invested in 8 companies.

Westcap’s most common sectors for investment aremachinery (16%) and information technology (12%) . The Firm’s most common investment types include buyout (lbo, mbo, mbi) (52%) and growth capital (36%). Its largest (disclosed) acquisition occurred in 2016 when it acquired HJR Asphalt for $26M.

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M&A Summary

  • M&A Total Activity25
    • M&A Buy Activity25
  • Total Sectors Invested 17
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 3

Westcap

Westcap Mgt. Ltd.

Suite 601, 409 3rd Avenue South,
Saskatoon, Saskatchewan S7K 5R5
Canada
(306) 652-5557
www.westcapmgt.ca
info@westcapmgt.ca

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.


Investment Criteria

Sectors of Interest: Agriculture, Business Services, Construction, Food, Healthcare Services, Information Technology, Infrastructure, Internet Software and Services, Leisure, Machinery, Oil/Gas Exploration, Retail

Target Transaction Types: Buyout (LBO, MBO, MBI), Growth Capital

Geographic Preferences: Canada

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA - -
Investment Size - -
Enterprise Value - -

M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (2.2/yr) # 14 3 2 2 2 2 25
vol $34M $34M
Sell (0.0/yr) # - - - - - - 0
  25

Most Recent M&A

Company Date Value Type
Northway Aviation Ltd. 2024-03-06 - Growth Capital
Andrews, Manitoba · www.northwayav.com
Timber-Tech Truss LP 2024-01-24 - Growth Capital
Aldersyde, Alberta · www.timbertechtruss.ca
18 Wheels Warehousing & Trucking Ltd. 2023-03-22 - Growth Capital
Burnaby, British Columbia · www.18wheelslogistics.com
Mega Group, Inc. 2023-01-17 - Growth Capital
Saskatoon, Saskatchewan · www.megagroup.ca
WBM Technologies LP 2022-10-04 - Growth Capital
Saskatoon, Saskatchewan · www.wbm.ca
Chrysalis Co. 2022-08-18 - Growth Capital
Vancouver, British Columbia · www.chrysalis.co
Rocky Mountain Equipment LP 2021-02-18 - Growth Capital
Calgary, Alberta · www.rockymtn.com
Three Farmers Foods, Inc. 2021-01-28 - Growth Capital
Saskatoon, Saskatchewan · www.threefarmers.ca
Librestream 2020-06-24 - Venture
Winnipeg, Manitoba · www.librestream.com
Degelman Industries LP 2020-01-16 - Growth Capital
Regina, Saskatchewan · www.degelman.com
View All >>

M&A by Sector

Sector Current # Value All-time # Value
Machinery 4 (16%) - 4 (16%) -
Information Technology 3 (12%) - 3 (12%) -
Business Services 2 (8%) - 2 (8%) -
Food 2 (8%) - 2 (8%) -
Oil/Gas Exploration 2 (8%) - 2 (8%) -
Infrastructure 1 (4%) 26M (77%) 1 (4%) 26M (77%)
Beverages 1 (4%) 8M (23%) 1 (4%) 8M (23%)
Building Materials 1 (4%) - 1 (4%) -
Construction 1 (4%) - 1 (4%) -
Consumer Services 1 (4%) - 1 (4%) -
Forest Products 1 (4%) - 1 (4%) -
Leisure 1 (4%) - 1 (4%) -
Manufacturing 1 (4%) - 1 (4%) -
Marketing 1 (4%) - 1 (4%) -
Retail 1 (4%) - 1 (4%) -
Software 1 (4%) - 1 (4%) -
Transportation 1 (4%) - 1 (4%) -
Total 25 $34M 25 $34M

Acquisitions By Geo

State/Country Current # Value All-time # Value
Canada 25 (100%) 34M (100%) 25 (100%) 34M (100%)
  Saskatchewan 14 (56%) 26M (77%) 14 (56%) 26M (77%)
  Alberta 6 (24%) - 6 (24%) -
  Manitoba 3 (12%) 8M (23%) 3 (12%) 8M (23%)
  British Columbia 2 (8%) - 2 (8%) -
Total 25 $34M 25 $34M

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 13 (52%) 26M (77%) 13 (52%) 26M (77%)
Growth Capital 9 (36%) - 9 (36%) -
Divestiture 2 (8%) 8M (23%) 2 (8%) 8M (23%)
Venture 1 (4%) - 1 (4%) -
Total 25 $34M 25 $34M

Deal Values

buy # Total
< $100M 2 $34M
TOTAL $34M
Largest HJR Asphalt LP
$26M (2016-01-08)

M&A Connections

Deals
Acquired from
Strategic(s)
8%
2 (8%)

Investor Summary

Investor Type

Private Equity Firm

Size

Large

PE Assets

1.0B CAD

Specialist/Generalist

Generalist

Leadership

Grant Kook

Founder, President & CEO

Robert Connoly

CFO

Jamie Schwitzer

CIO

Brenda Gessner

Director of Corporate & Community Relations

Darcy Ogrodnick

Director of Finance

FAQ

What type of investor is Westcap?

Westcap is a private equity firm.

Where is Westcap headquartered?

Westcap is headquartered in Saskatoon, Saskatchewan.

How much capital does Westcap have under management?

Westcap has 1.0B CAD under management.

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