H.J.R. Asphalt completes $26.3 mln MBO with Golden Opportunities
H.J.R. Asphalt LP, a Saskatoon-based highway infrastructure company, has completed a $26.3 million management buyout in partnership with Golden Opportunities Fund, an affiliate of Canadian private equity firm Westcap Management. The transaction saw Golden Opportunities invest $10.5 million in syndication with another Westcap fund, Westcap MBO Investment LP, to secure majority ownership of H.J.R. Asphalt alongside key executives. The company said Westcap's investment brings financial, strategic and operational support to its role as a solutions provider in Saskatchewan's road construction industry. Last November, Westcap invested in DynaVenture Corp's buyout.
8 January 2016•3 mins read
