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.
