TriWest Capital Partners has sold PRT Growing Services to InstarAGF
Headquartered in Victoria, British Columbia, Canada, PRT is the largest outsourced provider of critical growing services for container-grown forest seedlings in North America. The company is a pioneer in commercial scale containerized growing processes for over 200 forestry seedling species and is supported by a differentiated footprint of 21 growing and cold storage facilities across Canada and the United States. PRT serves as a critical link in the forest health and sustainability supply chain, helping customers achieve regulatory compliance and reforestation objectives. The company’s services are core to rehabilitating invaluable forest land, mitigating the impact of climate change and addressing rising environmental, social and governance (ESG) awareness.
Lincoln served as the exclusive financial advisor to PRT, working closely with its shareholders and management team to provide advisory services throughout the sale process, including marketing, due diligence and final negotiations. Terms of the transaction were not disclosed.
Ryan Giles, Senior Managing Director of TriWest, commented, “Lincoln did an excellent job of facilitating the sale process, leveraging their industry expertise to optimally position PRT given the uniqueness of its business model as a critical outsourced services provider and the growing importance of ESG initiatives on the demand for its services. Additionally, the Lincoln team engaged many different types of potential buyers, each of which brought their own angles to add value to the platform based on business model, end market and social impact expertise and experience. Ultimately, the process led to a great outcome for TriWest as well as the company’s management team, employees and stakeholders.”
Rob Miller, Chief Executive Officer of PRT, commented, “I want to thank the team at TriWest for their support and contribution to our success over the past two and half years and welcome our new partners at Instar as we continue to grow and realize our vision for PRT.”
About TriWest Capital Partners
Based in Calgary, Alberta, Canada, TriWest is one of Canada’s leading private equity firms, having raised over CAD $1.4 billion in committed capital through six funds. TriWest has successfully invested in 43 companies across a broad cross-section of the economy in partnership with their management teams. TriWest works closely with management by proactively putting in place a strategy that maximizes growth potential and value creation by emphasizing operational excellence, prudent governance and an efficient capital structure. The principals of TriWest have significant operational and financial expertise, making them effective partners in creating shareholder value. For more information, please visit www.triwest.ca.
InstarAGF is an independent alternative asset management firm focused on North American middle market opportunities in the infrastructure sector and other alternative real asset categories. InstarAGF’s growing footprint spans North America with a diversified portfolio of companies that deliver essential infrastructure services and value to communities, partners and investors, helping them fulfill their purpose of enriching people’s lives. InstarAGF is a signatory to the United Nations-supported Principles for Responsible Investment. For more information, please visit www.instaragf.com.
Lincoln was instrumental in advising us with the next step in our journey. They were able to quickly understand our business, effectively craft our strategic positioning and ultimately help us find a partner who values our focus on our customers and environmental sustainability as much as we do.
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