Private Equity Firm Financial Services

Clairvest Group

Toronto, Ontario, Canada

Clairvest is a Toronto-based middle-market private equity firm. It partners with management to invest in profitable small and mid-sized North American companies across a variety of industries, and it manages co-invest/fund vehicles (e.g., CEP funds) alongside its primary equity management activities.

Focus Areas
Private equity, Co-investment funds
Website
clairvest.com

Tracked deals

20

20 tracked deals across 2019-2026.

Recent pace

1

1 tracked deal announced in the last 12 months.

Deal mix

Growth capital

9 growth capital · 6 buyout · 3 recapitalization

Clairvest Group Acquisition Volume by Year

Last 8 years

Acquisition volume by year Annual acquisition counts for the last 8 years for Clairvest Group. 2 2019 4 2020 3 2021 2 2022 5 2023 2 2024 1 2025 ~1 est. 1 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

Showing the 12 most recent of 20 tracked deals for Clairvest Group.

  • Buyer
    Clairvest Group Inc., Clairvest Equity Partners VII, RRC Gaming Management LLC
    Target
    MGM Northfield Park, Northfield Park Associates, LLC
    Seller
    MGM Resorts International
    Type
    Buyout

    Clairvest Group Inc. (together with Clairvest Equity Partners VII and RRC Gaming Management LLC) completed the previously announced acquisition of MGM Northfield Park. Clairvest invested US$165 million for a majority ownership interest, including US$39 million from Clairvest Group Inc.

  • Buyer
    Clairvest Group Inc., Clairvest Equity Partners VII (CEP VII)
    Target
    Beneficial Reuse Management
    Seller
    Skyline Global Partners, Other shareholders

    Clairvest Group Inc., together with Clairvest Equity Partners VII, has recapitalized and invested in Beneficial Reuse Management (BRM), acquiring interests from Skyline Global Partners and other shareholders. The investment will support BRM’s growth plan to expand its beneficial reuse, recycling and specialty nutrient distribution business across U.S. end-markets including agriculture, landscape and construction.

  • Buyer
    Clairvest Group Inc., Clairvest Equity Partners VII (CEP VII)
    Target
    Redstone Food Group
    Industry
    Food & Beverage
    Location
    Ontario, Canada

    Clairvest Group Inc., together with its fund Clairvest Equity Partners VII (CEP VII), made a minority equity investment in Redstone Food Group, a Toronto-area commercial bakery focused on in-store bakery and private-label co-packing. The capital will support Redstone's growth and scaling initiatives across North America while founder Rob Wheeler remains the majority owner and CEO.

  • Buyer
    Clairvest Group Inc., Clairvest Equity Partners VI, ECL Entertainment, LLC
    Target
    Wyoming Downs
    Type
    Buyout

    Clairvest Group Inc. (together with Clairvest Equity Partners VI) and ECL Entertainment, LLC have acquired Wyoming Downs, a licensed live horse racing and off‑track betting operator headquartered in Evanston, Wyoming. Wyoming Downs operates a racetrack plus 19 off‑track betting locations with over 1,100 gaming terminals across the state; Clairvest called the investment its 66th platform investment and its 15th and final investment from the CEP VI co‑investment pool.

  • Buyer
    Clairvest Group Inc., Clairvest Equity Partners VI (CEP VI)
    Target
    Mountain Land Physical Therapy
    Seller
    Rick Lybbert, Jason Lobb, Other existing owners

    Clairvest Group Inc., together with its Clairvest Equity Partners VI co-investment pool, made a minority growth equity investment in Mountain Land Physical Therapy, an outpatient physical therapy operator in the Mountain West. The deal will support Mountain Land's expansion across the Mountain West while existing management (led by CEO Rick Lybbert and COO Jason Lobb) rolls equity and retains majority ownership.

  • Buyer
    Morgan Stanley Private Equity Secondaries, Clairvest Group, CDPQ
    Target
    Top Aces
    Location
    Quebec, Canada

    Investment funds managed by Morgan Stanley Private Equity Secondaries and Clairvest Group completed a growth equity investment in Top Aces alongside existing shareholder CDPQ. The capital will support expansion of Top Aces' aircraft fleet and the international growth of its adversary air and JTAC training services.

  • Buyer
    Clairvest Group Inc., Clairvest Equity Partners VI (CEP VI), ECL Entertainment, LLC
    Target
    NHCG, LLC, The River Property & Hospitality Group, LLC
    Type
    Buyout

    Clairvest Group Inc., together with its Clairvest Equity Partners VI co-investment vehicle and gaming operator ECL Entertainment, acquired NHCG, LLC and The River Property & Hospitality Group, LLC — operators of the Lucky Moose Casino & Tavern and The River Casino & Sports Bar in Nashua, New Hampshire. The buyers plan to continue operations at the existing sites while developing a large-scale permanent historical horse racing (HHR) facility in Nashua, targeted to open in late 2024.

  • Buyer
    Clairvest Group Inc., Clairvest Equity Partners VI (CEP VI)
    Target
    Bluetree Dental
    Industry
    Dental

    Clairvest Group Inc., together with Clairvest Equity Partners VI (CEP VI), completed a US$32 million equity investment in Bluetree Dental, a multi‑specialty, pediatric and orthodontics‑focused dental service organization. Management rolled significant equity and will retain control post‑closing; the capital is intended to accelerate Bluetree’s growth and platform build in the Mountain West region of the United States.

  • Buyer
    Clairvest Group Inc., Clairvest Equity Partners VI (CEP VI)
    Target
    Boca Biolistics
    Industry
    Biotechnology

    Clairvest Group Inc., together with its Clairvest Equity Partners VI co-investment pool, made a US$25 million equity investment in Boca Biolistics, partnering with management (founders Valentin Adia and Michael Morris) who rolled a meaningful portion of their equity. Boca Biolistics is a clinical research organization and biobanking/biomaterials company that procures, stores and sells human biospecimens and also provides in-house analytical laboratory services; the capital will support the company’s next phase of growth and capability expansion.

  • Buyer
    Clairvest Group Inc., Clairvest Equity Partners VI (CEP VI)
    Target
    Rogers Insurance Ltd., CapriCMW Insurance Services Ltd., Acera Insurance Services Ltd.
    Industry
    Insurance
    Location
    Canada

    Clairvest Group Inc. (through its fund CEP VI) made a C$100 million minority equity investment to support the merger and recapitalization of Alberta-based Rogers Insurance and British Columbia-based CapriCMW, creating Acera Insurance Services Ltd. The investment will keep the business independent and employee-owned while providing capital to invest in people, technology and future acquisitions to grow the new national insurance brokerage platform.

  • Buyer
    Clairvest Group Inc. (CEP VI), Ironwood Capital
    Target
    Star Waste Systems (dba Boston Carting Services)
    Type
    Buyout

    Clairvest Group Inc., through Clairvest Equity Partners VI, made an equity investment to acquire a majority interest in Star Waste Systems (dba Boston Carting Services). Ironwood Capital, an existing investor, participated in the transaction/recapitalization. The deal will support Star Waste’s growth in the Greater Boston market and expand its waste collection and materials-recovery capabilities.

  • Buyer
    Clairvest Group Inc., Clairvest Equity Partners VI, Rubico Gaming LLC (subsidiary led by Thomas Benninger)
    Target
    Delaware Park (racetrack & slots)
    Seller
    Rickman family
    Type
    Buyout

    Clairvest Group Inc., together with Clairvest Equity Partners VI and a Rubico Gaming subsidiary led by Thomas Benninger, completed the acquisition of the Delaware Park racino in Wilmington, Delaware. Clairvest invested US$71 million for a majority interest (CVG’s share US$19 million); the transaction represents a platform investment in the gaming sector and follows the sale by the Rickman family.

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