TriWest Announces Investment in AEM Emissions Management Ltd.
December 31, 2015 – TriWest Capital Partners, in partnership with the senior management team, is pleased to announce that it has acquired the business of ATCO Emissions Management from ATCO Structures and Logistics, a subsidiary of ATCO Ltd. Following the acquisition, the business will operate as AEM Emissions Management Ltd. (“AEM Emissions Management” or the “Company”). This investment represents TriWest’s third portfolio company in Fund V.
Founded in 1991, AEM Emissions Management is a full service engineering, procurement, manufacturing and construction company specializing in air and noise emissions control, acoustic consulting, heat recovery, and equipment and infrastructure solutions primarily for the power generation, industrial, and oil & gas industries. The Company is a global leader, having undertaken challenging projects with excellence in over 35 countries. The Company has delivered guaranteed performance and compliance on more than 3,500 projects.
Headquartered in Calgary, Alberta, the Company has offices in nine locations to better serve its clients, including Calgary, Alberta; Cambridge, Ontario; Albany, New York; Denver, Colorado; Houston, Texas; Pittsburgh, Pennsylvania; Plymouth, Minnesota; Tulsa, Oklahoma; and Scottsdale, Arizona.
“We are very excited to partner with the senior management team of AEM Emissions Management. They have an excellent reputation and are known as a market leader,” said Cody Church, Senior Managing Director at TriWest Capital Partners. “TriWest is truly impressed with the exceptional caliber of senior management. The projected revenues and growth plan of the company are very strong, especially as environmental regulations tighten around the world to deal with rising pollution and climate change.”
AEM Emissions Management President & CEO, Harry Wong said “We are very excited to be partnered with TriWest. This purchase is a tremendous opportunity for our future, our customers, our suppliers and our employees.”
Founded in 1998 and based in Calgary, Alberta, TriWest is one of Canada’s leading private equity firms, having raised over $1.25 billion in committed capital through five 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.