Private Equity Firm Financial Services

Krystal Growth Partners

Vancouver, British Columbia, Canada

Krystal Growth Partners is the successor to Krystal Financial Corp. Formed in 2004, the firm invests in under-served small-to-mid market companies and supports management teams with operational, investment, financing, and M&A experience.

Focus Areas
Private equity, Growth-stage and lower-middle-market investments
Website
krystalgp.com

Tracked deals

11

11 tracked deals across 2019-2025.

Recent pace

0

0 tracked deals announced in the last 12 months.

Deal mix

Buyout

6 buyout · 3 growth capital · 2 addon

Krystal Growth Partners Acquisition Volume by Year

Last 6 years

Acquisition volume by year Annual acquisition counts for the last 6 years for Krystal Growth Partners. 3 2019 1 2021 3 2022 2 2023 1 2024 1 2025

Supporting Data

Recent Transactions

  • Buyer
    Krystal Growth Partners
    Target
    Seair Seaplanes
    Industry
    Transportation
    Location
    British Columbia, Canada
    Type
    Buyout

    Krystal Growth Partners has acquired Seair Seaplanes, a regional seaplane operator serving coastal British Columbia. The investment will support operational and infrastructure improvements as Krystal and Seair explore opportunities to expand scheduled services, scenic tours, and charter offerings across the BC coast.

  • Buyer
    Krystal Growth Partners
    Target
    Enex Energy Corporation
    Industry
    Energy
    Location
    British Columbia, Canada

    Krystal Growth Partners has acquired a 50% interest in Enex Energy Corporation, a wholesale distributor of Esso fuels and Mobil lubricants that serves commercial customers across Vancouver Island, the Lower Mainland, Northern British Columbia and Alberta. The investment will partner Krystal's capital and expertise with Enex management to support the company's next phase of growth, including market and product expansion.

  • Buyer
    Krystal Growth Partners
    Target
    Stonz Wear Inc.
    Location
    British Columbia, Canada

    Krystal Growth Partners has made a strategic growth investment in Stonz Wear Inc., the Vancouver-based maker of all-weather children’s footwear and apparel. The capital will support Stonz’s plans to solidify its position in Canada and accelerate expansion into the United States.

  • Buyer
    Krystal Growth Partners
    Target
    Circle Wellness
    Location
    British Columbia, Canada

    Krystal Growth Partners has made a growth investment in Circle Wellness to provide capital for construction and the launch of Circle Wellness’ flagship private thermal spa on Granville Island in Vancouver. The funding will support buildout and opening of six private Circuits at the new location; CDC Construction helped convert shipping containers into the facility’s spa spaces.

  • Buyer
    Krystal Growth Partners
    Target
    Huer Foods Inc.
    Seller
    Ryan Storey
    Industry
    Food & Beverage
    Location
    British Columbia, Canada
    Type
    Buyout

    Krystal Growth Partners has completed the acquisition of Huer Foods Inc., a Langley, British Columbia-based packager and distributor of soft & chewy candy, from CEO and owner Ryan Storey. Krystal will partner with industry veteran John Frostad to support Huer's national growth and product development efforts across Canadian retail and online channels.

  • Buyer
    Krystal Growth Partners
    Target
    Joto Imaging Supplies
    Location
    British Columbia, Canada
    Type
    Buyout

    Krystal Growth Partners has acquired a majority interest in Joto Imaging Supplies and named Phil DeSerres as President. Joto, founded in 1989 and headquartered in Coquitlam, British Columbia, is a North American B2B leader in distribution of dye sublimation supplies with five distribution locations across Canada and the United States.

  • Buyer
    Krystal Growth Partners
    Target
    Whistler Contemporary Gallery
    Seller
    Kyle Nordman, Steve Wallace
    Industry
    Retail
    Location
    British Columbia, Canada
    Type
    Buyout

    Krystal Growth Partners acquired a majority interest in Whistler Contemporary Gallery, partnering with shareholders Kyle Nordman and Steve Wallace. Krystal said it will support growth and explore expanding the WCG portfolio through acquisitions of other resort galleries while leveraging WCG's two Whistler gallery locations and online sales capability.

  • Buyer
    Fraser Valley Building Supplies, Krystal Growth Partners
    Target
    Terrace Builders Centre, Terrace Carpet Centre (Your Décor)
    Location
    British Columbia, Canada
    Type
    Addon

    Fraser Valley Building Supplies, a portfolio company of Krystal Growth Partners, has acquired Terrace Builders Centre and Terrace Carpet Centre (Your Décor) in Terrace, British Columbia. The deal increases FVBS's store count to eight in British Columbia, will convert the Terrace Builders Centre to the RONA banner following an interior renovation, and adds planned e-commerce offerings for Terrace residents.

  • Buyer
    CMH Acquisition Corp, Krystal Growth Partners, James Meekison
    Target
    Carmanah Technologies Corporation
    Industry
    Manufacturing
    Location
    British Columbia, Canada
    Type
    Buyout

    CMH Acquisition Corp, a special purpose vehicle formed by Krystal Growth Partners in partnership with James Meekison, completed the acquisition and privatization of Carmanah Technologies Corporation effective August 16, 2019 for approximately C$86 million. Following the transaction CMH amalgamated with Carmanah, the company applied to delist from the Toronto Stock Exchange and will continue to design, develop and distribute energy‑optimized LED solutions for infrastructure under the Carmanah name.

  • Buyer
    Krystal Growth Partners
    Target
    Storm Guard Water Treatment Inc.
    Seller
    Cliff Oleksiew
    Location
    British Columbia, Canada
    Type
    Buyout

    Krystal Growth Partners has acquired a majority interest in Storm Guard Water Treatment Inc., a Richmond, British Columbia–based provider of dewatering, water extraction and water treatment services for construction sites. The investment, made in partnership with founder Cliff Oleksiew and executed through an SG Acquisition limited partnership, will support Storm Guard's next phase of growth and capability expansion.

  • Buyer
    Fraser Valley Building Supplies, Krystal Growth Partners
    Target
    Maglio Building Centres
    Seller
    Tony Maglio, Dominic Maglio, Russ Beauchamp
    Location
    British Columbia, Canada
    Type
    Addon

    Fraser Valley Building Supplies, a RONA-affiliated regional builder’s merchant, has acquired the Maglio Building Centres in Nelson and Trail, British Columbia, from Tony Maglio and family. The two locations will be rebranded to the RONA banner, expanded with new product categories and online shopping, and integrated into Fraser Valley’s existing BC store network as part of a strategy to consolidate the region and expand offerings to contractors and DIY customers.

Related Acquisition Pages

Selling a company? Get in front of buyers like Krystal Growth Partners

Turn tracked acquisition activity into an outreach-ready buyer list.