ATB Capital to invest in Western's buy of GlassMasters, ARG
ATB Capital, a recently formed private equity fund of ATB Financial, has agreed to be an equity partner in a transaction sponsored by Western Investment Co of Canada Ltd (TSX-V: WI.P), an acquirer and builder of companies in Western Canada. No financial terms were released. ATB Capital's investment will back Western's buy of GlassMasters Autoglass Ltd, a Calgary windshield repair business, and ARG Wholesale Ltd, a Calgary wholesale automotive glass distribution business. The deal, expected to close this month, is priced at about $18 million, Western previously announced. ATB Financial is an Alberta government-owned financial institution.
8 November 2016•5 mins read
