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.
- Industry
- Industrial Services
- Location
- Alberta, Canada
- Transaction Type
- Buyout
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