History

TriWest is a leading Western Canadian-based private equity firm with 22 years of experience investing in 44 companies representing a broad cross-section of the economy. TriWest was built on the pillars of operational experience and financial expertise and continues to focus on the principle of partnership on which it was founded.
Timeline

1998

TriWest was founded in 1998 by Ron Jackson, Lorne Jacobson, and Cody Church, following the sale of Burns Foods, a 110-year-old, private Canadian food conglomerate with revenues of $1.1 billion ($CAD).

Ron Jackson was a part of Burns Foods’ senior management team for over 25 years and served as President of the company for the 10 years prior to its sale. Lorne Jacobson worked alongside Ron as VP Corporate Development and General Counsel of Burns Foods from 1994 to 1998. Before co-founding TriWest, Cody Church was with EXOR America, a New York based private equity firm.

1999 – Fund I

Fund I was raised in early 1999 with $57 million ($CAD) in committed capital and invested in eight companies between 1999 and 2003.

DryAir

DryAir is a manufacturer of innovative portable heating systems.

Omstead Foods

Processor of frozen fruits, vegetables, and coated appetizers for domestic and international markets.

ResMor Capital

Provider of residential mortgage products and services across Canada.

Swiss Water

A green coffee bean processor with the only truly organic, chemical-free decaffeination process in the world.

Terralink

Regionally-focused, value-added horticultural distribution business.

2003 – Fund II

Fund II was raised in 2003 with $120 million ($CAD) of committed capital.

In 2003, Ron Jackson transitioned to the position of Senior Advisor and investor in TriWest. Jeff Belford and Kevin Jenkins joined the firm as Managing Directors with the establishment of Fund II, and over the next four years TriWest invested in eight companies.

Con-Force

Precast and prestressed concrete manufacturer.

Intair Fun Sun

FIT tour operator and air consolidator with destinations in the US and Europe.

KMC Mining

Provider of contract mining services to Fort McMurray oil sands projects.

Polymer Plainfield

Injection moulding and stamping company with facilities in North America and China.

Royal Camp

Independent provider of complete turnkey camp rentals and catering services.

2007 – Fund III

Fund III was raised in 2007 at $250 million ($CAD) and TriWest invested in eight companies over four years.

In 2010, Senior Managing Directors Norm Rokosh and Mick MacBean joined TriWest.

ConCreate USL

Provider of new concrete construction & concrete rehabilitation services.

Driving Force

Vehicle rental, sales, & leasing company specializing in light-duty trucks.

Gardewine Group

Transportation logistics company servicing customers across Canada.

KMC Mining

Provider of contract mining services to Fort McMurray oil sands projects.

NSC Minerals

Supplier of salt products for highway de-icing, residential de-icing, & various other uses.

After six years with TriWest, Kevin Jenkins left the firm in 2009 to run the global operations of World Vision International as the charitable organization’s President and Chief Executive Officer.

2011 – Fund IV

Fund IV was raised in 2011 with commitments of $350 million ($CAD) and invested in 12 companies over four years.

Chad Danard and Ryan Giles were promoted to Managing Directors at the launch of Fund IV.

In 2012, Lorne Jacobson transitioned to the position of Vice Chairman of TriWest.

Broda Group

Provider of heavy construction services in Western Canada.

Colter Energy

Provider of production testing equipment and services to the oil & gas industry in Western Canada and the United States.

Kayden Industries

Designer, manufacturer, and supplier of high volume centrifuges for the energy, horizontal directional drilling, and environmental services industries.

Landmark Cinemas

Landmark Cinemas is the second largest movie exhibition company in Canada.

NCSG Crane & Heavy Haul

Offers a portfolio of high value, fully operated and maintained crane and heavy haul services to the North-South Energy Corridor.

Prostar Energy

Provider/manufacturer of well services and "purpose built" well service equipment to the thermal heavy oil market.

Source Energy Services

Integrated proppant supply company with logistics capabilities that provide customers with frac sand solutions from mine to well site.

Strike Group

Energy service construction and maintenance company focused on the energy, transmission and distribution, pipeline and industrial sectors across the WCSB.

Triple M Housing

Triple M specializes in the construction of manufactured and modular housing.

2015 – Fund V

Fund V was raised in 2015 with commitments of $500 million ($CAD) and invested in 11 companies over five years (two by way of co-investment with Fund IV and on by way of co-investment with the Growth Fund).

Dino DeLuca joined TriWest as Chief Operating Officer at the beginning of Fund V.

Bull Moose Capital

One of the largest natural gas compressor rental and leasing businesses in Western Canada, with a focus on high horsepower reciprocating natural gas compression units.

California Trusframe

Leading truss manufacturer, operating throughout California serving both the residential and multi-family markets.

Coast Appliances

Independent distributor and retailer of major appliances serving the builder, contractor and retail markets across Canada.

Innova Global

Full service engineering, procurement, construction and manufacturing company specializing in air and noise emissions control around the globe.

Lithion Power Group

Lithion is a market-leading, mission-critical cell and battery pack manufacturer with highly differentiated technology built over years of field research and development.

Peloton Computer Enterprises

Leading developer and provider of drilling and operations data management and visualization software for oil and gas companies worldwide.

Prostar Energy

Provider/manufacturer of well services and "purpose built" well service equipment to the thermal heavy oil market.

PRT Growing Services

Industry leader in commercial-scale containerized growing processes for a wide range of forestry seedling species.

RecallMax

Developer of recall optimization software and analytics used in the dental industry.

Strike Group

Energy service construction and maintenance company focused on the energy, transmission and distribution, pipeline and industrial sectors across the WCSB.

Trimlite

Leading manufacturer and distributor of exterior and interior doors, decorative glass and millwork products.

In late 2020, TriWest raised a $155 million ($CAD) growth fund that focuses on businesses with less than $10 million of EBITDA. To date, the Growth Fund has made two platform investments.

Jon Spencer and Dave Connolly were promoted to Managing Directors at the launch of the Growth Fund.

RecallMax

Developer of recall optimization software and analytics used in the dental industry.