Westcap Mgt. Ltd. (“Westcap”) is pleased to announce it has closed the second investment transaction for the Westcap MBO II Investment LP (the “MBO II Fund”), the management buyout of Maxie’s Excavating LP (“Maxie’s” or the “Company”). The MBO II Fund, in syndication with Golden Opportunities Fund Inc., Saskatchewan’s longest-standing provincial Retail Venture Capital (RVC) Fund also managed by Westcap, funded the transaction investing a total of $17.84 million in aggregate.

When Harry Tarasoff, Jim Tarasoff and Reg Willick founded H.J.R. Asphalt in 1988 they were making a significant investment into their future.

The founders, who had previously worked together in the construction industry, made the decision to start their own company and began by purchasing an asphalt drum and then fabricating the rest of the asphalt plant around it. This purchase required an investment of $5,000 from each of the men, a not inconsiderable amount for an entrepreneur.

Westcap Mgt. Ltd. (Westcap), Fund Manager to Westcap MBO II Investment LP (the Fund or Limited Partnership) is pleased to announce the closing of its second fund in a series of private equity offerings to strategic high-net-worth and institutional investors. The Limited Partnership focuses on providing succession and growth capital to long-standing Western-based companies involved in transition, consolidation or merger and acquisition activity.

When the Saskatchewan Chamber of Commerce awarded Grant Kook with the 2018 business leader of the year award, he was appreciative of the honour, but didn’t shout it from the rooftop of his downtown Saskatoon office building.

Golden Opportunities Fund (“Golden”) is pleased to announce an investment of $9.83 million in G-Mac’s AgTeam Limited Partnership (G-Mac’s) for its future growth strategy. G-Mac’s is a hallmark business in Saskatchewan’s agriculture sector and has grown to be one of North America’s largest independently owned crop input retailers.