Canadian family office Tricor Pacific Capital has launched a new strategy to make control investments in mid-market companies in light manufacturing, business and consumer services, and specialty retail.
Tricor will focus on investing in businesses with EBITDA of $2 million to $6 million in the Western regions of Canada and the United States. Deals will typically involve successions, management buyouts or recapitalizations.
Principals Mark Townsend, formerly of Founders Group of Food Companies, and Chuck Cosman, formerly of Lululemon Athletica, will lead the diversified investments strategy.
Vancouver-based Tricor invests on behalf of the family and partners of Rod Senft, a veteran Canadian private equity professional.
Photo: Rod Senft, managing partner, Tricor Pacific Capital.
Tricor Pacific Capital Launches Diversified Investments Initiative
Tricor Pacific Capital, Inc. (“Tricor”), one of Canada’s leading family offices, actively invests its own capital in a broad portfolio of companies in the food, real estate and industrial sectors. Today, we are excited to announce the launch of our Diversified Investments initiative focused on new acquisition opportunities that meet the following criteria:
• Middle-market companies in light manufacturing, business & consumer services or specialty retail
• EBITDA of $2 – 6 million
• Located in western Canada or western US
• Majority-control transactions
• Preference for founder succession, management buyout or recapitalization scenarios
Our office combines decades of transaction & operational experience having made control investments in over 80 private companies. As a family office, we invest only our own capital, and have a very long investment horizon. We invest, build and hold assets intergenerationally, to create lasting benefit in the lives of our partners, our employees, our family and our community.
Tricor was originally established in 1996 as a private equity firm investing our own and institutional capital in mid-market companies across North America. Under the leadership of Rod Senft, Tricor managed four separate funds, with total equity capital of $1.2 billion. In 2015, the institutional fund management transitioned to Parallel 49 Equity, while Tricor shifted its focus to become a single-family office. Since the transition, Tricor (in partnership with management) has built Founders Group of Food Companies (“Founders”) and Tricor Pacific Lands, while continuing to manage its pre-existing investments.
Tricor has appointed Mark Townsend and Chuck Cosman to co-lead our Diversified Investments initiative. Mark brings extensive experience in capital markets, mergers & acquisitions and financial operations. He was most recently with Founders, where he was a core member of the origination and execution team that successfully acquired eleven companies in four years. Chuck most recently spent several years with lululemon athletica, working in multiple management roles across different functional groups of the organization. He brings a strong operations background with experience in product management, inventory planning, sales & marketing, retail management and people development.
A complete overview of our current portfolio and additional details about Tricor are available on our website: www.tricorpacific.com
Please contact Mark or Chuck to schedule a call to learn more about the Diversified Investments initiative and to discuss any opportunities that may be a fit.
Principal, Diversified Investments
Cell: +1 (604) 908-7974
Principal, Diversified Investments
Cell: +1 (604) 362-7242