Yellow Point Equity Partners Buys Railway Contractor Remcan
Remcan Projects Ltd., a Langley, B.C.-based provider of maintenance, construction and emergency services to the railroad industry, has been acquired by Yellow Point Equity Partners III LP, which is managed by Canadian private equity firm Yellow Point Equity Partners. Yellow Point partnered in the deal with members of Remcan’s management team, including CEO John Thwaites. Proceeds of the investment will allow the company to expand the scope of its services and pursue capital spend opportunities. Based in Vancouver, Yellow Point invests in mid-market businesses located primarily in Western Canada.
30 August 2013•2 mins read
