Westcap Management

Westcap Management, established in 1991, is a private equity firm headquartered in Saskatoon, Canada, with an additional office in Hong Kong. The company specializes in early-stage, growth, and management buyouts, focusing on small and medium-sized enterprises in Western Canada, particularly those seeking succession planning. Westcap invests in companies across various sectors, including agriculture, healthcare, hospitality, and infrastructure, with a particular interest in the First Nations sectors of the economy. The firm typically considers investments in companies with enterprise values between $25 million and $75 million. Westcap manages over half a billion in assets and works closely with its partners to provide strategic, operational, and financial support to its portfolio companies.

Madison Bourgeault

Investment Analyst

Grant Kook

Founder, CEO, Board Member and President

Jamie Schwitzer

Chief Investment Officer

Tyler Bradley

Vice President

26 past transactions

Highnote

Series B in 2025
Highnote is an embedded finance company that specializes in developing a unified virtual payment platform designed to manage complex payment processing workflows. The platform is built to be developer-friendly, allowing product and engineering teams across various digital enterprises to seamlessly integrate virtual and physical payment card capabilities, including commercial and consumer prepaid, debit, credit, and charge cards. Highnote's architecture features open APIs and a fully integrated issuer processor, providing merchants and businesses with the control, flexibility, and speed needed to enhance their offerings. By facilitating the embedding of advanced payment solutions into existing products, Highnote helps businesses create significant value for their users while driving growth and establishing a distinctive brand presence.

Inland Steel Company

Private Equity Round in 2025
Inland Steel Company is a metal recycling company.

Northway Aviation

Venture Round in 2024
Northway Aviation is an airline services firm that operates in eastern and north-eastern Manitoba, as well as Western Ontario. The company specializes in providing passenger and cargo transportation services, catering to the needs of various municipalities in these regions. Northway Aviation is committed to delivering a safe and reliable flying experience for its clients, ensuring essential connectivity for both people and goods in the communities it serves.

Timber Tech Truss

Private Equity Round in 2024
Timber-Tech Truss has been supplying top-of-the-line floor and roof systems for years.

18 Wheels Warehousing & Trucking

Venture Round in 2023
18 Wheels is a distribution expert, specializing in co-packing, omnichannel e-commerce fulfillment, third-party warehousing, and trucking.

Western Building Centres Limited

Private Equity Round in 2022
Western Building Centres Limited is a Canadian company based in Saskatoon that operates home hardware retail outlets. Founded in 2006, it focuses on consolidating hardware and building material operations. The company aims to streamline the supply chain for building supplies, enhancing the availability and distribution of essential materials for construction and home improvement projects. Currently, it is operating in stealth mode, indicating a strategic approach to its business activities and market presence.

WBM Technologies

Acquisition in 2022
WBM Technologies is a prominent information technology services provider located in Saskatoon, Saskatchewan, recognized as a leader in Western Canada. The company offers a range of outcome-driven IT solutions, specializing in data and security, end-user computing, and enterprise user experience platforms. WBM Technologies also provides managed print services and year-round enterprise desk services, helping clients enhance their IT infrastructure and make informed decisions. Through its comprehensive offerings, the company aims to optimize technology utilization for its clients.

Headversity

Series A in 2022
Headversity is a Calgary-based company that specializes in workplace mental health and resilience training. It offers a platform designed to enhance employee performance and emotional well-being through programs focused on mental health, hardiness, and energy management. By utilizing principles from neuroscience, psychiatry, and performance psychology, Headversity provides organizations with tools to empower their employees to effectively manage challenges and improve their mental fitness. The platform aims to reduce issues such as presenteeism and absenteeism while promoting overall mental wellness, enabling employees to thrive in their work environment.

Highnote

Series A in 2021
Highnote is an embedded finance company that specializes in developing a unified virtual payment platform designed to manage complex payment processing workflows. The platform is built to be developer-friendly, allowing product and engineering teams across various digital enterprises to seamlessly integrate virtual and physical payment card capabilities, including commercial and consumer prepaid, debit, credit, and charge cards. Highnote's architecture features open APIs and a fully integrated issuer processor, providing merchants and businesses with the control, flexibility, and speed needed to enhance their offerings. By facilitating the embedding of advanced payment solutions into existing products, Highnote helps businesses create significant value for their users while driving growth and establishing a distinctive brand presence.

YieldX

Seed Round in 2021
YieldX is a company that focuses on transforming fixed income investing through its comprehensive digital platform, which is designed to enhance personalization at scale. By providing a yield marketplace, analytics engine, and a suite of workflow tools, YieldX enables wealth management professionals to access real-time pricing, monitor portfolios, and optimize fixed income allocations. With a leadership team boasting over 70 years of combined experience in fixed income and fintech, the company aims to serve as a gateway to liquid, global yield-driven investment opportunities, ensuring that the benefits of this evolving asset class are accessible to all investors.

Rocky Mountain Equipment Alberta

Post in 2021
Rocky Mountain Equipment is a prominent supplier of agricultural and construction equipment, catering to local farming communities and construction firms in Alberta, Saskatchewan, and Manitoba. The company offers a diverse range of products, including tractors, planters, sprayers, combines, and various attachments from well-known brands such as Case IH, New Holland, and Bourgault. In addition to equipment sales, Rocky Mountain Equipment provides rental and leasing options, as well as support services that encompass equipment inspections, general repair, maintenance packages, and both in-branch and mobile repair services. The company also facilitates third-party financing and insurance services, ensuring comprehensive after-sale support for its customers. With a network of 37 branches, Rocky Mountain Equipment has established itself as a key player in the agricultural and construction sectors in Western Canada.

Bolt

Series C in 2020
Bolt is a company dedicated to enhancing e-commerce by providing a streamlined checkout experience. Founded in 2014 and headquartered in San Francisco, Bolt offers a platform that enables retailers to facilitate secure, one-click checkouts for their customers, eliminating the need for passwords or repeated personal information. This approach not only simplifies the purchasing process but also improves conversion rates and customer retention for businesses. A growing number of retailers, including well-known brands such as REVOLVE, Casper, Badgley Mischka, and Benefit Cosmetics, utilize Bolt's services to meet the demand for efficient and user-friendly online shopping experiences. By democratizing commerce, Bolt aims to strengthen the connection between retailers and their customers.

Addepar

Series E in 2020
Addepar, Inc. is a technology company that provides an investment management platform tailored for wealth and asset management firms. Founded in 2009 and headquartered in Mountain View, California, Addepar specializes in data aggregation, reconciliation, investment analysis, and reporting services. The platform supports over 800 firms globally, managing assets exceeding $4 trillion, and serves a diverse clientele, including family offices, financial institutions, and foundations. Addepar’s offerings include onboarding and ongoing support, as well as an open API that allows clients to integrate and develop applications on its platform. Additionally, the company provides access to a marketplace for investment products, particularly in alternative and private markets. With a flexible workforce and several offices in key locations, including New York City and Chicago, Addepar aims to enhance data-driven investment decisions and client outcomes through its comprehensive software solutions.

Rite Way Mfg.

Venture Round in 2020
Rite Way designs and produces farm equipment for seedbed preparation. Their machinery includes land rollers, rock pickers, windrowers, heavy harrows, rotary harrows, crush rite crimper rollers, compact discs, and bale carts.

Degelman Industries

Private Equity Round in 2020
Degelman Industries Ltd., founded in 1962 and based in Regina, Canada, specializes in the design and manufacturing of high-quality agricultural machinery and equipment. The company offers a diverse range of products, including tillage equipment, bulldozer blades, heavy harrows, land rollers, rock removal equipment, and cutting tools. These products are aimed at enhancing soil quality and increasing crop yields for the agricultural sector. Degelman Industries also provides parts, services, and warranty options to support its customers. With an extensive network of dealers worldwide, the company is committed to improving the efficiency and productivity of farmers through its innovative equipment solutions.

Astra Oil

Private Equity Round in 2020
Astra Oil is a Canadian company engaged in the production of oil and natural gas, with a primary focus on high-value light oil. The company operates within the energy sector, leveraging its resources to contribute to the growing demand for oil and gas in various markets. By concentrating on light oil production, Astra Oil positions itself to capitalize on opportunities within the energy industry while adhering to efficient operational practices.

Maxies excavating

Acquisition in 2019
Maxies Excavating is focused on civil earth work constructions for public and private sector.

G-Mac's AgTeam

Venture Round in 2019
G-Mac's AgTeam Inc. is a Canadian company based in Kindersley that specializes in crop production and agronomic services. Founded in 2000, the company offers a range of services including agronomy, nutrient management, sample analysis, and crop protection. Its product offerings encompass herbicides, fungicides, fertilizers, and biologicals, along with custom application services. G-Mac's AgTeam also focuses on innovative solutions such as field moisture services, data collection, and virtual reality fertility services. Through these services, the company aims to enhance agricultural productivity while promoting environmentally sustainable practices for farmers.

Cova

Series A in 2018
Cova is a developer of retail software specifically designed for the cannabis industry, focusing on streamlining compliance and dispensary management processes. The company's platform automates compliance tasks and integrates with various tools, providing retailers with comprehensive solutions to enhance operational efficiency. Cova's offerings include automated safeguards, mobile reporting dashboards, and an express checkout application, all aimed at simplifying compliance and improving the customer experience. By prioritizing the creation of an intuitive and user-friendly point-of-sale system, Cova helps cannabis retailers reduce operational costs and increase revenue, supporting them in navigating the complexities of the industry effectively.

Ramada Plaza Regina

Private Equity Round in 2018
Ramada Plaza Regina is a hospitality business based in Regina, Canada. It operates a single hotel property offering a range of accommodations such as standard rooms, executive rooms, and suites. The hotel features an atrium restaurant serving food and drink, room service, Fibber Magee's pub, and Kookie's Krib for guests' dining pleasure. Additionally, it provides meeting and event spaces suitable for conferences and weddings, along with recreational facilities like a fitness center, indoor pool, hot tub, and complimentary Wi-Fi.

Burgess Creek Exploration

Venture Round in 2018
Burgess Creek Exploration is a private company specializing in the exploration and development of oil and gas, with a focus on light oil prospects primarily located in Southeast Saskatchewan. The company targets conventional oil and gas reservoirs, utilizing its expertise and innovative technologies to identify and develop internally generated prospects as well as pursue strategic acquisitions. Burgess Creek Exploration emphasizes maintaining good operating margins and a low risk profile associated with light crude oil. Additionally, the company is committed to implementing and upholding a health, safety, and environmental program to ensure responsible operations in its exploration activities.

HJR Asphalt

Acquisition in 2016
HJR Asphalt LP is a construction company specializing in the development of highway and rural municipality roads, as well as roads in urban areas and airports. With a focus on enhancing road infrastructure, the company employs advanced construction technology and a team of experienced professionals to deliver high-quality services. HJR Asphalt aims to contribute to the improvement of transportation networks across the country, ensuring reliable and efficient road facilities for various communities.

Golden Health Care

Venture Round in 2006
Golden Health Care is a provider of senior living services that focuses on creating intimate and supportive environments for elderly residents. The company designs its facilities as small clusters, typically accommodating 15 to 18 individuals, which fosters a sense of community and belonging. Each cluster includes essential amenities such as a kitchen, dining room, living room, and therapeutic tub room, ensuring that residents have access to familiar settings that promote comfort and continuity in their daily lives. By supporting the aging in place model, Golden Health Care enables residents to maintain their independence while receiving the necessary healthcare and support within a nurturing environment.

Librestream

Venture Round in 2006
Librestream Technologies Inc., established in 2003 and headquartered in Winnipeg, Canada, specializes in mobile video collaboration solutions for Fortune 500 organizations. Its flagship product, Onsight, enables real-time virtual presence for remote experts to assess environments and troubleshoot equipment. Onsight's suite of products includes collaboration software, rugged smart cameras, and management tools, serving diverse industries such as manufacturing, oil and gas, healthcare, and government. Librestream's solutions help enterprises achieve cost-efficiencies through accelerated problem resolution, reduced downtime, and improved productivity. The company has strategic partnerships with industry leaders like Cisco Systems and Verizon Wireless.

Can-pro Farms

Venture Round in 1999
Canpro farms harvests and processes alfalfa that is grown by local farmers and shipped domestically and globally.

Jump.ca

Venture Round in 1999
Jump.ca Wireless Supply Corp. is a Saskatchewan-based retailer specializing in cellular products and services. Established in 2000, the company has over 20 years of experience in the wireless industry. Its offerings include mobile phones, smartphones, tablets, and a range of accessories such as cases, chargers, headphones, and wearables. Additionally, Jump.ca provides Internet services, trade-in options, repair services, and home and business monitoring solutions. Customers can purchase products through physical stores located in Saskatoon, Regina, Moose Jaw, Prince Albert, and Estevan, as well as through an online platform. The company emphasizes its local roots while offering a comprehensive selection of telecommunications solutions.
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