|Date Announced:||August 23, 2018|
|Date Closed:||August 09, 2018|
TriWest Capital Partners invested in PRT Growing Services Ltd. in partnership with senior management. The financial terms of the transaction were not disclosed.
Founded in 1988 and based in Victoria, British Columbia, PRT is an industry leader in commercial-scale containerized growing processes for a wide range of forestry seedling species. PRT currently operates 18 growing and cold storage facilities serving both Canada and the US, primarily supplying North American forestry and timber players, as well as land owners and government agencies. PRT’s nurseries have a combined capacity to produce in excess of 215 million seedlings per year. The Company provides growing and logistics services that enable customers to meet various reforestation initiatives and requirements. PRT boasts significant market share in its core North American forestry seedling markets. PRT’s scale and geographic reach differentiate it from all major competitors and present a strong competitive advantage for the Company.
Bennett Jones LLP and Davis Wright Tremaine LLP represented TriWest Capital Partners, with a team from Bennett Jones led by Bryan Haynes and also consisting of Eric Chernin, Brian Wells, Byron Tse and Heidi Konnert (M&A/corporate), Scott Bodie (tax), and Karen Dawson, Jeremy Russell, Taylor Davis and Samantha Lush (financial services) and with a team from Davis Wright Tremaine consisting of Sarah Tune (M&A/corporate), Scott MacCormack (debt finance), Omar Vasquez (M&A/corporate) and Christie Totten.