Private Equity Firm Other

TriWest Capital Partners

Calgary, Alberta, Canada

Founded in 1998, TriWest Capital Partners is an entrepreneurial, independent private equity firm based in Western Canada. It partners with management teams and focuses on operational excellence and value creation across mid-market companies.

Focus Areas
Private equity, Mid-market buyouts, Operational value creation
Website
triwest.ca

Tracked deals

13

13 tracked deals across 2019-2026.

Recent pace

2

2 tracked deals announced in the last 12 months.

Deal mix

Buyout

8 buyout · 3 growth capital · 2 addon

TriWest Capital Partners Acquisition Volume by Year

Last 7 years

Acquisition volume by year Annual acquisition counts for the last 7 years for TriWest Capital Partners. 2 2019 2 2021 3 2022 1 2023 2 2024 1 2025 ~3 est. 2 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

Showing the 12 most recent of 13 tracked deals for TriWest Capital Partners.

  • Buyer
    Onex Partners (Onex Partners Opportunities Fund), TriWest Capital Partners, Other co-investors
    Target
    AirSprint Inc.
    Seller
    AirSprint founder Judson Macor (retains stake; becomes Chairman Emeritus after closing), AirSprint President & CEO James Elian (remains in executive role; remains on board), Certain current AirSprint shareholders (retain investment after closing)
    Industry
    Transportation
    Location
    Alberta, Canada
    Type
    Buyout

    Onex Partners (via its Opportunities Fund) and TriWest Capital Partners, alongside other co-investors, have agreed to acquire AirSprint Inc., Canada’s largest fractional private jet operator. The deal is expected to close in Q3 2026, with founder Judson Macor and CEO James Elian remaining investors and continuing leadership roles post-closing.

  • Buyer
    TriWest Capital Partners
    Target
    Ocean Brands
    Industry
    Food & Beverage
    Location
    British Columbia, Canada
    Type
    Buyout

    TriWest Capital Partners acquired Ocean Brands in partnership with the existing management team, with management continuing to lead the business. Ocean Brands is a Canadian manufacturer, marketer, and distributor of branded food products, including seafood and Italian-inspired products.

  • Buyer
    TriWest Capital Partners
    Target
    Spence Diamonds Ltd.
    Industry
    Retail
    Location
    British Columbia, Canada
    Type
    Buyout

    TriWest Capital Partners completed a majority equity investment in Spence Diamonds, partnering with the company's existing management to support growth and operational initiatives. Spence Diamonds is a Vancouver-based, vertically integrated bridal jewelry retailer operating eight Canadian showrooms and offering made-to-order engagement rings with both mined and Artisan Created (lab-grown) diamonds.

  • Buyer
    TriWest Capital Partners
    Target
    Alta West Mortgage Capital Corporation
    Location
    Alberta, Canada
    Type
    Buyout

    TriWest Capital Partners completed a majority equity investment in Alta West Mortgage Capital Corporation, partnering with the company's existing management team led by CEO George Botros and Executive Chairman Charles McKitrick, who will remain significant shareholders. The investment positions Alta West to accelerate growth as a platform in the Canadian alternative residential mortgage market by leveraging TriWest's capital and operational resources to expand assets under management and product offerings.

  • Buyer
    TriWest Capital Partners
    Target
    The Fastener Group
    Seller
    Calgary Fasteners & Tools (founding entity), Other existing location owners
    Location
    Alberta, Canada

    Calgary-based private equity firm TriWest Capital Partners has partnered with The Fastener Group, uniting 15 previously separately owned fastener, tools and safety-gear locations across Western Canada under common ownership. The investment (TriWest’s first from Fund VI) will consolidate the business to drive scale, collaboration and operational improvements while keeping local service teams in place.

  • Buyer
    TriWest Capital Partners
    Target
    Phoenix Fence Corp.
    Location
    Alberta, Canada
    Type
    Buyout

    TriWest Capital Partners has acquired a majority interest in Phoenix Fence Corp., a manufacturer, distributor, and installer of fencing products based in Edmonton, Alberta. The transaction marks TriWest's sixth platform investment from its 2021 Growth Fund and aims to support Phoenix Fence's growth and diversification across commercial, industrial, and residential markets in Western Canada.

  • Buyer
    TriWest Capital Partners, BDC Capital (Growth Equity Partners), BMO Capital Partners, Export Development Canada
    Target
    Monarch Industries Limited
    Seller
    Merit Capital Partners
    Industry
    Manufacturing
    Location
    Manitoba, Canada
    Type
    Buyout

    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.

  • Buyer
    TriWest Capital Partners, Roynat Equity Partners, Export Development Canada
    Target
    Northern Lite Truck Campers, Off Grid Trailers
    Seller
    KV Private Equity (KV Capital)
    Industry
    Manufacturing
    Location
    Canada
    Type
    Buyout

    TriWest Capital Partners, alongside Roynat Equity Partners with financing support from Export Development Canada, has partnered with Northern Lite Truck Campers and Off Grid Trailers to form Outdoor Adventure Group, acquiring both businesses from KV Private Equity. The deal creates a Canadian platform consolidating two niche recreational vehicle brands to support growth across dealer and direct-to-consumer channels in North America.

  • Buyer
    TriWest Capital Partners
    Target
    A Parent Media Co. Inc.
    Location
    Alberta, Canada

    TriWest Capital Partners led an equity financing of over CAD 80 million in A Parent Media Co. Inc. (APMC), the owner of Kidoodle.TV, valuing the company at more than CAD 600 million. As part of the transaction TriWest Managing Director Jon Spencer joined APMC's board to support the company's next phase of growth and product expansion focused on safe streaming for children.

  • Buyer
    TriWest Capital Partners
    Target
    RecallMax (MaxAssist)
    Industry
    Cloud & SaaS
    Location
    Alberta, Canada

    TriWest Capital Partners has made a growth investment in RecallMax, a Calgary-based provider of SaaS recall, scheduling, automated messaging, and analytics solutions for dental practices and DSOs. The capital will support RecallMax's management team in expanding the platform across North America and accelerating the company's next stage of growth.

  • Buyer
    TriWest Capital Partners, Export Development Canada
    Target
    Supreme International Limited
    Industry
    Manufacturing
    Location
    Alberta, Canada
    Type
    Buyout

    TriWest Capital Partners has partnered with Supreme International, a Wetaskiwin, Alberta-based manufacturer of feed mixers for the dairy and beef industries, to support the company’s capacity expansion and international growth. Export Development Canada participated in the investment; Supreme’s existing management team will remain in place.

  • Buyer
    Strike Group Inc., TriWest Capital Partners
    Target
    Jedco Energy Services Corp.
    Seller
    Existing shareholders of Jedco Energy Services Corp.
    Industry
    Oil & Gas
    Location
    Alberta, Canada
    Type
    Addon

    Strike Group Inc., a TriWest Capital Partners Fund V portfolio company, has acquired Jedco Energy Services Corp. from its existing shareholders. The add-on expands Strike Group's pipeline integrity and testing capabilities in Western Canada by combining Jedco's local relationships and expertise with Strike Group's broader service platform.

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