Saskatoon, Saskatchewan — March 31 , 2022 — Westcap Mgt. Ltd. (“Westcap”) is pleased to announce that it has successfully exited Modular Driven Technologies LP (“MDT” or the “Company”), a portfolio company of Westcap MBO Investment LP (the “Limited Partnership”). MDT is an industry-leading designer and manufacturer of precision engineered components for the recreational shooting industry, specifically related to the single bolt action rifle market.

This past year, MDT posted its best operating performance since being part of the Limited Partnership. MDT’s brand has grown rapidly over the last few years due to its reputation for industry-leading design, performance-enhancing products and exceptional customer service. Westcap invested in MDT in 2018 and the opportune exit occurred in 2022 achieving very successful rate of return metrics. The Company’s management team led the bid for MDT and will continue to lead the business.

“MDT has executed exceptionally well on its strategy and grown significantly during our time invested in the Company,” said Grant Kook, President and CEO of Westcap. “We enjoyed being involved and working alongside the management team over this time, are very pleased with the results achieved for MDT and our investors and wish the entire MDT team ongoing success. ”

About Westcap Mgt. Ltd.

Founded over three decades ago, Westcap is a leading private equity and venture capital fund manager having completed transactions in more than 200 growth companies. Westcap has managed in excess of a billion dollars of assets across a broad range of investment funds through its years and has an uncompromising vision to build long-term value for investors.

For further information, please contact:

Grant Kook, President and CEO
Westcap MBO Investment GP Inc.
Suite 601 , 409 3 rd Ave South
Saskatoon, SK
Tel: (306) 652-5557

Rob Connoly, Officer
Westcap MBO Investment GP Inc.
Suite 601 , 409 3 rd Ave South
Saskatoon, SK
Tel: (306) 652-5557