Kelso & Company Acquires 25% Minority Stake in Wellington-Altus Financial
January 12, 2026
Wellington-Altus Financial Inc. successfully closed a nearly CAD $400 million secondary minority common equity investment in which Kelso & Company acquired a 25% stake. The deal values Wellington-Altus at over CAD $1.5 billion and provides liquidity to some existing Canadian shareholders while keeping the company majority-owned by Canadians.
- Buyers
- Kelso & Company, Kelso & Company (secondary buyer via minority common equity transaction)
- Targets
- Wellington-Altus Financial Inc.
- Industry
- Financial Services
- Location
- Manitoba, Canada
- Transaction Type
- Growth capital
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