Westcap Exits Modular Driven Technologies (MDT) in Management-Led Buyout
March 31, 2022
Westcap Mgt. Ltd. has exited its investment in Modular Driven Technologies LP (MDT), with the company's management team leading the bid to acquire the business and continuing to run operations. Westcap invested in MDT in 2018 and completed the divestiture in 2022 after a period of strong operational performance for the precision-engineering manufacturer of rifle components.
- Buyers
- MDT management team (management-led buyout)
- Targets
- Modular Driven Technologies LP (MDT)
- Sellers
- Westcap Mgt. Ltd., Westcap MBO Investment LP (the Limited Partnership)
- Industry
- Manufacturing
- Location
- British Columbia, Canada
- Transaction Type
- Divestiture
Explore More
Related Acquisitions
-
Westcap Mgt. Ltd. (MBO III) Invests in Timber-Tech Truss Limited Partnership
January 24, 2024
Building Products
Westcap Mgt. Ltd., through its Westcap MBO III Investment LP fund, has completed an investment in Timber-Tech Truss Limited Partnership, a manufacturer of engineered truss systems and engineered wood products headquartered in Lethbridge, Alberta. The transaction supports Timber-Tech's succession planning and growth ambitions across Western Canada, where the company operates three manufacturing facilities and employs about 100 people.
-
IK Investment Partners Acquires Majority Stake in MDT technologies GmbH
December 23, 2019
Building Products
IK Investment Partners' IK VIII Fund has agreed to acquire a majority stake in MDT technologies GmbH from the company's founders. MDT is a German manufacturer of KNX-based building automation products; IK intends to support the company's next growth phase and international expansion while maintaining focus on product innovation.
-
Westcap Mgt. Invests in 18 Wheels Holdings
March 22, 2023
Logistics & Distribution
Westcap Mgt. Ltd., through its MBO III Investment LP buyout fund, completed an investment in 18 Wheels Holdings Limited Partnership, a Burnaby-based third-party logistics (3PL) provider. The investment is intended to support succession planning and national / North American growth, expanding 18 Wheels' warehousing, transportation, co-packing and reverse logistics capabilities.
-
Westcap Makes Growth Investment in WBM Technologies
October 4, 2022
IT Services
Westcap Mgt. Ltd., in syndication with Golden Opportunities Fund Inc. and Westcap MBO III Investment LP, completed a significant growth investment in WBM Technologies LP. The capital will support WBM’s continued expansion across Western Canada while current leaders JoeAnne Hardy and Brett Bailey retain ownership and leadership roles.
-
Hg Acquires MDT Software
August 4, 2021
Software
Hg has completed an investment in MDT Software, a provider of version control and change management software for automated industrial environments, with the former majority owner (Desco Corporation) exiting. Headquartered in Alpharetta, Georgia, MDT will be aligned with Hg portfolio company Auvesy to form a global partner for industrial automation software; the transaction was made from Hg’s Mercury 3 Fund (terms not disclosed).
-
Timber-Tech (Westcap Portfolio) Acquires Darmac Framing Systems
July 9, 2025
Building Products
Timber-Tech Truss Limited Partnership, a Westcap portfolio company, has acquired Darmac Framing Systems, a Balzac, Alberta-based fabricator of panelized and modular building components. The add-on expands Timber-Tech's prefabrication capabilities, enabling it to provide the full structural package for residential construction and support accelerated growth across Western Canada.
Track M&A activity that matters to you
Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.