Timber-Tech (Westcap Portfolio) Acquires Darmac Framing Systems

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.

Timber-Tech Truss (Westcap-backed) Acquires Brydon Stairs Ltd.

July 4, 2024

Building Products

Timber-Tech Truss Limited Partnership, a Westcap-backed platform company, has acquired Calgary-based Brydon Stairs Ltd. The add-on expands Timber-Tech's product offering into stairs, stringers and landings to better serve homebuilders across Western Canada and supports Timber-Tech's growth strategy following Westcap's investment in late 2023.

Star Equity Holdings Acquires Timber Technologies

May 17, 2024

Building Products

Star Equity Holdings, Inc. completed the acquisition of Timber Technologies, LLC (Timber Tech), a Colfax, Wisconsin-based glue-laminated timber (glulam) manufacturer, effective May 17, 2024. The cash-free, debt-free purchase price was $23 million (including upfront cash, deferred cash and an earn-out), with associated real estate to be acquired separately for $3 million; Timber Tech reported 2023 revenue of $18.8 million and Adjusted EBITDA of $5.5 million.

Westcap Exits Modular Driven Technologies (MDT) in Management-Led Buyout

March 31, 2022

Manufacturing

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.

Dick's Lumber (RONA inc.) Acquires ZyTech Building Systems from TriWest Capital Partners

October 11, 2023

Manufacturing

Dick's Lumber, a banner of RONA inc., has acquired ZyTech Building Systems LP from TriWest Capital Partners. The acquisition expands Dick's Lumber/RONA's design and manufacturing footprint in Western Canada — strengthening capabilities to serve builders and developers across Alberta and Saskatchewan.

TriMech Acquires Mastercam Businesses of MACDAC Engineering and Compumachine

January 6, 2022

Industrial Services

TriMech, a Halifax Group portfolio company, acquired the Mastercam businesses/assets of MACDAC Engineering (Somers, CT) and Compumachine (Danvers, MA). The deals expand TriMech's Mastercam product access, technical support and regional service footprint, enabling broader CAD/CAM and shop-floor solutions for manufacturers across the Northeastern U.S.