Fraser River Pile & Dredge Investment Announcement
TriWest Capital Partners of Calgary, Alberta (“TriWest”) is pleased to announce that it has invested in Fraser River Pile & Dredge (“FRPD”). The investment was made in partnership with FRPD’s senior management team and the existing Principals, who have retained a significant ownership stake. FRPD is the second investment for TriWest Capital Partners III, L.P..
Based in Vancouver British Columbia, FRPD has been providing marine construction and dredging services since 1911. FRPD is Canada’s largest marine construction and dredging contractor with operations mainly in Western Canada and the Northwest Territories. With over 300 employees and an extensive list of equipment, FRPD is capable of completing all types and sizes of marine construction, environmental remediation, dredging and land foundation projects.
Founded in 1998, TriWest is one of Canada’s leading private equity firms. It is entrepreneurial, independent and based in Western Canada. TriWest makes significant equity investments in profitable companies and works in partnership with management to create opportunities for further growth and superior financial returns.
For more information, please contact:
Jeff Belford, Managing Director
Cody Church, Managing Director
Lorne Jacobson, Managing Director
Kevin Jenkins, Managing Director
TriWest Capital Partners