History

TriWest is a leading Western Canadian-based private equity firm with 19 years of experience investing in 37 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.

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 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 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 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.

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 and invested in 12 companies over four years.

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

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 primarily for the energy industry.

Landmark Cinemas

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

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 Inc.

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.

In 2016, Lorne Jacobson transitioned to the position of Vice Chairman of TriWest.

Bull Moose Capital Ltd.

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.

Innova Global Ltd.

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

Peloton Computer Enterprises Ltd.

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.

Strike Group Inc.

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

Trimlite Manufacturing Inc.

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