RTL Investment & PPH Merger Announcement
TriWest Capital Partners of Calgary, Alberta (“TriWest”) continues to be very active and is pleased to announce the following private equity transactions:
- TriWest has invested in RTL-Robinson Enterprises Ltd. (“RTL”) in partnership with the senior management team; and
- Polymer Technologies Inc. (“Polymer”), a Fund II portfolio company, and Plainfield Tool and Engineering, Inc. (“Plainfield”) have merged to create an industry leading molding and stamping company with facilities in Canada, the United States, Mexico and China.
Established in 1968, RTL is the largest transportation and construction company in the Northwest Territories, and is the largest private sector employer in Yellowknife. The Company’s primary operation is the transportation of freight and fuel to Yellowknife and beyond. Best known for its vital role in supplying fuel, equipment and other provisions to the multi-billion dollar diamond industry, RTL delivers thousands of truckloads each winter season via an ice road that it has historically helped to construct and maintain. With a large fleet of aircraft ranging from Twin Otters to Dash-8s and Buffalos, the Company also provides passenger and cargo charter services to its many customers in Northern Canada’s thriving resource and tourism industries. In addition to its transportation services, RTL has established itself as a leading contractor for civil construction projects in the region, providing a diverse range of services including highway construction, water and sewer installation, site development and excavation, crushing activities and concrete manufacturing.
About Polymer and Plainfield
Polymer is a leading vertically integrated automotive parts manufacturer based in Cambridge, Ontario with a state-of-the-art manufacturing facility in Mexico. The Company’s primary market is national and international OEM switch, relay and electro-mechanical manufacturers and assemblers. Key capabilities include injection molding, two-shot molding, metal stamping, contact welding, riveting, coil winding and assembly. Polymer also has an onsite tool room with design and tool build capabilities. In 2004, Polymer was recognized as one of Canada’s 50 Best Managed Companies for the third consecutive year.
Plainfield, founded in 1959, is a leading manufacturer of high-volume components, sub-assemblies and assemblies for blue-chip customers in the automotive, electronics, medical and consumer products industries. Through its facilities in the U.S. and China, the Company utilizes extensive plastic molding and precision metal stamping expertise, allowing customers to source a broad array of products from a single supplier. Plainfield’s design and engineering capabilities, utilization of leading-edge technologies, culture of creativity and extensive experience allow the Company to complete complex projects from concept to production.
Founded in 1998, TriWest is one of Canada’s leading private equity firms with over $175 million of committed capital. 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
Suite 3210, 150-6th Avenue S.W.
Calgary, Alberta T2P 3Y7
(403) 225-1144 www.triwest.ca