Westcap and Management Acquire Rocky Mountain Equipment (Go-Private)

February 18, 2021

Westcap Mgt. Ltd., through syndication of its funds (Westcap MBO II Investment LP and Golden Opportunities Fund Inc.), partnered with management (AcquireCo/2223890 Alberta Ltd., controlled by Matthew Campbell and Garrett Ganden) to complete a go-private acquisition of Rocky Mountain Equipment. AcquireCo purchased all outstanding common shares for CAD $7.41 per share (approximately CAD $127.9 million aggregate), taking RME private; RME is Canada’s largest independent agriculture equipment dealer with ~36 branches across Alberta, Saskatchewan and Manitoba.

Buyers
Westcap Mgt. Ltd., Westcap MBO II Investment LP, Golden Opportunities Fund Inc., 2223890 Alberta Ltd. (AcquireCo)
Targets
Rocky Mountain Equipment
Sellers
Public shareholders of Rocky Mountain Dealerships Inc.
Location
Alberta, Canada
Transaction Type
Buyout

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