TriWest Capital Partners Acquires Majority Interest in Monarch Industries
September 30, 2022
TriWest Capital Partners, alongside BDC Capital's Growth Equity Partners, BMO Capital Partners and Export Development Canada, has acquired a majority interest in Monarch Industries, a Winnipeg-based manufacturer of hydraulic cylinders and custom iron castings. The transaction marks an exit for Merit Capital Partners and is intended to support Monarch's next stage of growth across North American markets serving agriculture, construction and industrial OEM customers.
- Buyers
- TriWest Capital Partners, BDC Capital (Growth Equity Partners), BMO Capital Partners, Export Development Canada
- Targets
- Monarch Industries Limited
- Sellers
- Merit Capital Partners
- Industry
- Manufacturing
- Location
- Manitoba, Canada
- Transaction Type
- Buyout
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