Canadian private equity firm KV Private Equity has acquired Northern Lite Manufacturing Ltd, a Kelowna, British Columbia maker of high-end fibreglass truck campers. No financial terms were released. Founded in 1989 as a family-owned business, Northern Lite distributes its truck campers across Canada and the United States. KV Private Equity, an Edmonton-based investor in lower mid-market operating companies, said the investment is the first of its KV Private Equity Fund.
KV Private Equity Announces Acquisition of Northern Lite Mfg. Ltd.
EDMONTON, Alberta, May 04, 2017 (GLOBE NEWSWIRE) — KV Private Equity is pleased to announce that it has acquired Northern Lite Mfg. Ltd. as the first investment of KV Private Equity Fund.
Founded in 1989 and located in Kelowna, BC, Northern Lite manufactures desirable high-end fiberglass truck campers, which are distributed throughout Canada and the United States via its well-established dealer network. Northern Lite is recognized in the RV industry for their high standards of quality, workmanship, and lightweight design of their products.
“We are excited to have the opportunity to continue building this exceptional business. It is an honour that Mac will continue with us as a Director, and that his son Keith has agreed to join us as a shareholder, while also staying on as the General Manager of Northern Lite,” said Jonathan Herman, COO of KV Private Equity.
Mac Donkin, on behalf of the vendors, said, “Northern Lite has been very successful over the last 27 years, I know that the best days are in front of it and that the company is in great hands with Keith and KV.”
About KV Private Equity
KV Private Equity Inc. is based in Edmonton, Alberta and invests in lower mid-market operating businesses that are based in Western Canada, with established operations and strong growth potential. We are active partners in the businesses we invest in, with our hands-on involvement allowing us to leverage the financial expertise and extensive business experience of our professional staff and partners.
Chief Operating Officer
KV Private Equity
Photo courtesy of Northern Lite Manufacturing Ltd