Royal Camp Services Divestiture Announcement
TriWest Capital Partners (“TriWest”) is pleased to announce the successful divestiture of one of its portfolio companies, namely Royal Camp Services Ltd. (“Royal Camp”). On November 23rd, 2011, TriWest completed the sale of Royal Camp to Hammond, Kennedy, Whitney & Company, Inc. (“HKW”), a private equity firm. Our management team partners at Royal Camp retained material equity stakes in their business and continued in their existing roles upon completion of the transaction. Jeff Belford, Managing Director at TriWest, commented: “On behalf of TriWest, I would like to thank Daryl Rackel, President of Royal Camp, David Dawyd, CFO of Royal Camp, and the entire senior management team at Royal. We have enjoyed our six year relationship with the group at Royal Camp and wish them all the best in their new partnership with HKW!”
Founded in 1998 and based in Calgary, Alberta, TriWest is one of Canada’s leading private equity firms, having raised over $775 million in committed capital through four funds. TriWest makes significant equity investments in profitable companies and works in partnership with management to generate superior financial returns through the pursuit of growth opportunities and a focus on operational excellence. TriWest provides more than just capital. The principals of TriWest have significant operational and financial expertise, making us effective partners in creating shareholder value. More information on TriWest can be found at www.triwest.ca.
About Royal Camp
Founded in 1991 and based in Edmonton, Alberta, Royal Camp is a leading provider of camp rentals and catering services to oil & gas industry (most notably the oil sands) and other sectors requiring remote accommodation services. In the 20 years following its inception, Royal Camp has established a reputation for quality service, clean and comfortable accommodations and a well-trained staff through its operations in British Columbia, Alberta and Saskatchewan. More information on Royal Camp can be found at www.royalcamp.com.
For more information, please contact:
Jeff Belford, Senior Managing Director
Cody Church, Senior Managing Director
Lorne Jacobson, Senior Managing Director
Mick MacBean, Senior Managing Director
Norm Rokosh, Senior Managing Director
TriWest Capital Partners