Canadian private equity firm Fulcrum Capital Partners has made an equity investment in Canstar Restorations of Coquitlam, British Columbia. No financial terms were disclosed for the deal, which was done in partnership with the company’s management team. Canstar is a full-service property restoration company serving both the residential and commercial-institutional markets. Fulcrum said its investment is intended to support the company’s continued growth. Canstar is the fourth platform investment of Vancouver-based Fulcrum’s fifth mid-market fund. Fulcrum Capital Partners V closed at $344 million in July 2015.
Fulcrum Capital Partners Announces Equity Investment in Canstar Restorations
VANCOUVER, BRITISH COLUMBIA and TORONTO, ONTARIO–(Marketwired – July 18, 2016) – Canstar Restorations (Canstar) is a leading full-service property restoration company serving both the residential and commercial/institutional markets, with customers including insurance industry stakeholders, public institutions and property management companies. Headquartered in Coquitlam, B.C., Canstar operates three locations and employs more than 170 individuals.
Fulcrum Capital Partners has partnered with the existing management team to provide capital to support Canstar’s continued growth.
The investment was made by Fulcrum Capital’s Private Equity Fund V. Canstar marks the fourth platform investment made from Fund V, which closed in July 2015.
Fulcrum Capital Partners
Fulcrum Capital Partners manages over C$650 million of capital through three private equity funds and a portfolio of mezzanine investments. Fulcrum Capital’s investments typically support management buyouts, acquisitions, going private transactions, leveraged buyouts, corporate growth, and recapitalizations.
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Fulcrum Capital Partners Inc.
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Photo couresty of Canstar Restorations