Clearspring Capital promotes Veitch and Choksey to partner

• Veitch joined Clearspring in 2013, while Choksey and Wang came on board in 2018
• Veitch is the asset manager for Demers Ambulance, Telecon and Tecnic Group Canada
• Choksey is the asset manager for Regal Confections and Voyages Traditours

Clearspring Capital Partners, a Canadian private equity firm, has promoted John Veitch and Milap Choksey to partner.

In addition, the firm has promoted Will Wang to associate and hired Matt Berube as an associate. Prior to Clearspring, Berube worked in Investissement Québec’s technology private equity group.

On these promotions and hire, Larry Stevenson, a managing partner at Clearspring, said in a statement, “These promotions reflect Clearspring’s continued focus on partnering with founders and operators to grow Canadian mid-market companies. The addition of Matt to our Montreal office underscores our commitment to investing in the Province of Quebec as a key investment strategy. In November 2022, the Clearspring team led by John Veitch and Will Wang closed its latest investment in Tecnic Group Canada, Quebec’s largest driving school operator.”

Veitch joined Clearspring in 2013, while Choksey and Wang came on board in 2018. Veitch is the asset manager for Demers Ambulance, Telecon and Tecnic Group Canada. Choksey is the asset manager for Regal Confections and Voyages Traditours.

Based in Toronto and Montreal, Clearspring invests in and acquires medium-sized companies through buyouts, growth and acquisition financings, going private transactions, industry consolidations, recapitalizations and other types of deals. Since its founding in 2002, the firm has raised nearly C$600 million in capital.