Clairvest and ECL Entertainment Acquire Wyoming Downs

Clairvest Acquires Delaware Park Racetrack & Slots

November 5, 2021

Restaurants & Hospitality

Clairvest Group Inc., together with Clairvest Equity Partners VI and a Rubico Gaming subsidiary led by Thomas Benninger, completed the acquisition of the Delaware Park racino in Wilmington, Delaware. Clairvest invested US$71 million for a majority interest (CVG’s share US$19 million); the transaction represents a platform investment in the gaming sector and follows the sale by the Rickman family.

Clairvest and ECL Entertainment Acquire NHCG (Lucky Moose and The River) in Nashua, New Hampshire

May 1, 2023

Restaurants & Hospitality

Clairvest Group Inc., together with its Clairvest Equity Partners VI co-investment vehicle and gaming operator ECL Entertainment, acquired NHCG, LLC and The River Property & Hospitality Group, LLC — operators of the Lucky Moose Casino & Tavern and The River Casino & Sports Bar in Nashua, New Hampshire. The buyers plan to continue operations at the existing sites while developing a large-scale permanent historical horse racing (HHR) facility in Nashua, targeted to open in late 2024.

Churchill Downs Incorporated Acquires Exacta Systems

December 19, 2022

Software

Churchill Downs Incorporated announced a definitive agreement to acquire Exacta Systems, a provider of historical horse racing (HHR) technology, for $250 million in cash. The asset purchase is intended to deliver tax benefits and operational synergies with CDI’s existing racetrack and HHR operations, and is expected to close in 2023 pending regulatory approvals.

Clairvest Makes Equity Investment in Arrowhead Environmental Partners

June 17, 2020

Environmental Services

Clairvest Group Inc., together with its Clairvest Equity Partners VI fund, completed an equity investment in Arrowhead Environmental Partners to support the company’s growth in non-hazardous solid waste disposal. The investment will provide Arrowhead’s founders and management with capital and strategic support to expand its waste-by-rail disposal infrastructure and operations in U.S. Northeast markets.

Clairvest Makes Minority Growth Investment in Mountain Land Physical Therapy

July 6, 2023

Healthcare Services

Clairvest Group Inc., together with its Clairvest Equity Partners VI co-investment pool, made a minority growth equity investment in Mountain Land Physical Therapy, an outpatient physical therapy operator in the Mountain West. The deal will support Mountain Land's expansion across the Mountain West while existing management (led by CEO Rick Lybbert and COO Jason Lobb) rolls equity and retains majority ownership.

Clairvest Makes Minority Investment in Redstone Food Group

November 25, 2024

Food & Beverage

Clairvest Group Inc., together with its fund Clairvest Equity Partners VII (CEP VII), made a minority equity investment in Redstone Food Group, a Toronto-area commercial bakery focused on in-store bakery and private-label co-packing. The capital will support Redstone's growth and scaling initiatives across North America while founder Rob Wheeler remains the majority owner and CEO.