On August 23, 2018, TriWest Capital Partners announced that it has invested in PRT Growing Services Ltd. in partnership with senior management. This investment represents TriWest’s ninth portfolio company in TriWest Fund V.
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. The company boasts significant market share in its core North American forestry seedling markets.
Cassels represented management of PRT, with a team led by Jake Bullen and also consisting of Nicola Geary and Michael Alvaro (M&A and Business), Jim Morand (Tax) and Adrian Jakibchuk (Employment).