PRESS RELEASE
January 28, 2020
Kindersley, Saskatchewan
G-Mac’s AgTeam LP (“G-Mac’s AgTeam”) is excited to announce that it has entered into an agreement to merge Cavalier Agrow Ltd. (“Cavalier”) into G-Mac’s AgTeam, bringing together two innovative, long-standing and successful crop input retailers in Saskatchewan’s agriculture sector. On a combined basis, the two businesses will serve Saskatchewan through its 14 locations and 130 employees, in communities across Saskatchewan that span as far north as Meadow Lake and as far south as Leader.
Founded in 1999, Cavalier offers seed, chemical, inoculants and agronomic guidance adding a liquid fertilizer facility in 2000 and has grown to four locations in North West Saskatchewan and 40 employees. Over this time, Cavalier is proud to have continually expanded its services and facilities to serve Saskatchewan communities.
“I am honored to be trusted to continue the great work Martin and Monique Detillieux committed over the years to make Cavalier what it is today,” said Garth MacDonald, President and CEO of G-Mac’s AgTeam. “I’m excited for the opportunities the merged companies will have in the future, to serve our farm customers, with the continued great service and teams’ customers have relied on in the past. The merger will provide our customers with access to enhanced products and services while continuing to focus on leading with agronomy, adding value to our customers’ farm operations.”
Cavalier shareholders’ new equity ownership in G-Mac’s AgTeam, as consideration under the transaction, is a testament to the optimism Cavalier shareholders have in the opportunity of the merged entities to serve its customers better, and in the future of the industry.
“As a strategic partner of G-Mac’s AgTeam through our local investment fund, Golden Opportunities, as well as the Westcap MBO II Investment LP, Westcap is pleased to support this recent transaction with valuable capital and is excited to see the growth strategy executed while remaining locally-owned,” says Grant J. Kook, President and CEO of Westcap Mgt. Ltd.
About G-Mac’s AgTeam LP
G-Mac’s AgTeam is a major independently owned crop input dealer that provides exceptional agronomic services. Founded in 2000, G-Mac’s AgTeam has nine retail locations and one distribution center throughout West Central Saskatchewan, with the corporate head office in Kindersley. Our talented team consists of over 90 staff. G-Mac’s AgTeam’s solid reputation and high degree of success is based on partnering with customers to identify their needs, establish goals and create unique customized solutions to optimize production and profitability, while minimizing impact to the environment.
Learn more at: gmacsagteam.ca
About Golden Opportunities Fund Inc. and Westcap Mgt. Ltd.
Founded over 20 years ago, Golden Opportunities Fund Inc. is the first and longest-standing Provincial Retail Venture Capital (RVC) Fund in Saskatchewan. The Fund’s objective is to make strategic investments in high-growth sectors of the economy to maximize shareholder value. Golden Opportunities Fund Inc. is managed by Westcap Mgt. Ltd., a leading private equity and venture capital fund manager for 30 years that has completed over $1 billion in transactions in more than 200 growth companies.
Learn more at: goldenopportunities.ca or westcapmgt.ca
For more information, please contact:
G-Mac’s AgTeam LP
Garth MacDonald
President and CEO
908 Main St.
Kindersley, SK
S0L 1S0
Phone: (306) 463-4769
Westcap Mgt. Ltd.
Grant J. Kook
President and CEO
830, 410 – 22nd Street E.
Saskatoon, SK
S7K 5T6
Phone: (306) 652-5557
