CAI-backed LineStar acquires Western High Voltage Test Centre

• Western High Voltage will continue to be led by Daniel Verhelst, who has retained a meaningful equity interest in the combined business
• Debt financing for the transaction was provided by Scotiabank
• CAI Capital Partners invested in LineStar Utility Supply in 2022

LineStar Utility Supply, a portfolio company of CAI Capital Partners, has acquired Calgary, Alberta-based Western High Voltage Test Centre, which specializes in testing high voltage live line equipment for electric utilities and powerline contractors in Western Canada. No financial terms were disclosed.

LineStar is a distributor of powerline technician tools and safety equipment across Canada with distribution centers in British Columbia, Alberta, Manitoba, Ontario, Quebec, and New Brunswick. It has its headquarters in Surrey, British Columbia.

Moving forward, Western High Voltage will continue to be led by Daniel Verhelst, who has retained a meaningful equity interest in the combined business.

“We are thrilled to welcome Western High Voltage to the LineStar family,” said Brian L’Heureux, CEO of LineStar, in a statement. “This partnership immediately brings high-quality testing to our customers in Western Canada, and we are excited to build out testing capabilities across Canada with Daniel’s expertise and support.”

Debt financing for the transaction was provided by Scotiabank. CAI and LineStar were advised on the transaction by Blake, Cassels & Graydon LLP and MNP Transaction Services.

CAI Capital Partners invests in the Canadian and US lower middle market. The firm invested LineStar Utility Supply in 2022.