Altas Partners makes first disclosed investment, buys NSC Minerals from Wynnchurch

Toronto-based private equity firm Altas Partners, launched in 2012 by former Onex executive Andrew Sheiner, has made its first disclosed investment. The firm, together with its partners and senior management, has bought  NSC Minerals Ltd, a Saskatoon, Saskatchewan-based provider of salt for highway de-icing, industrial and agricultural applications. The acquisition price was not released. The seller in the transaction was U.S. mid-market private equity firm Wynnchurch Capital, which acquired NSC from TriWest Capital Partners in 2011. The company was also a portfolio investment of Manulife Capital. Altas Partners, which focuses on owning businesses of high quality and strong market positions over long time horizons, was profiled by peHUB Canada last March.



Altas, together with its partners and senior management, has acquired NSC Minerals.

Founded in 1988 and based in Saskatoon, Saskatchewan, NSC Minerals is a market leading provider of salt for highway de-icing, industrial and agricultural applications, serving municipal, provincial and state governments in Western Canada and the North Central United States.

For more information on NSC please visit

About Altas Partners

Altas Partners focuses on owning high quality and hard to replicate businesses that have strong market positions and generate attractive returns on invested capital. We have a longer investment horizon than traditional private equity firms and seek to partner with like-minded management teams, founders and co-owners.

Photo courtesy of NSC Minerals Ltd.