investments
At our core, we are long-horizon, control-oriented partners who build lasting value alongside exceptional businesses.
Across industrials, energy transition, and retail, our active investments share a common thread: deep, hands-on partnership that spans years — and in some cases decades — through board leadership, disciplined financing, and strategic guidance at every stage of growth.
We back platforms with room to scale, support them through acquisitions and successive funding rounds, and stay invested across market cycles. The result is a track record defined not by transactions, but by enduring partnerships that compound value over time.
Active Investments
Environmental Engineering & Consulting
Platform/Strategic
Scaling a multi-disciplinary environmental consultancy through disciplined buy-and-build
- Board representation and Operational/FP&A support
- Support & financing for five acquisitions since 2022 entry
A standout buy-and-build success. Since entry in 2022, we’ve backed a western Canadian environmental and engineering consultancy through five acquisitions, expanding its service lines, deepening its specialized capabilities and extending its reach into northern and remote markets where few competitors can deliver. Our board leadership and operational partnership have helped transform a strong regional operator into a geographically expanded, multi-disciplinary platform.
Energy Transition & Asset Finance
Platform/Strategic
Backing an off-grid energy provider from seed to Series E
- Board representation and strategic guidance
- Sustained capital partnership across multiple growth-stage rounds
One of our highest-conviction long-term partnerships. We backed an off-grid and distributed energy platform from its earliest seed financing all the way to Series E, supporting it as it scaled distribution, built financing infrastructure, and brought reliable, affordable power to underserved markets. Sustained capital and strategic guidance across every round reflect the kind of patient value-additive partnership that defines how we invest.
Specialty
Retail
Platform/Strategic
Two decades of partnership behind a leading specialty retail platform
- 20+ year support through board representation, financing, and strategic guidance
- Multi-cycle ownership demonstrating long-term value creation
- Sustained governance involvement across successive growth phases
A landmark in our track record. For more than twenty years, we’ve stood behind a leading specialty retail platform through every market cycle — providing board leadership, financing, and strategic guidance at each stage of its growth. This enduring partnership is the clearest expression of our conviction that patient, control-oriented ownership compounds value over time.
Special Situations
Our leadership team brings decades of hands-on operational experience that lends itself to participating in…
Advanced Materials
Strategic Minority
Backing a domestic defence-materials platform building sovereign industrial capability
- A thesis-stage position grounded in deep defence-sector fluencey
- Strategic guidance on R&D and commercialization pathway
A conviction bet on Canadian industrial sovereignty. Our thesis is straightforward: Alberta is structurally well suited to building domestic capability in defence materials the supply chain has long sourced abroad — a view that increasingly aligns with the province’s emerging priorities. This is early, thesis-stage work, and a sector we know firsthand through experience spanning defence operations and the realities of building under pressure. Our role is to engage on the foundational questions — technical roadmap, qualification pathway — that determine whether a sound concept finds its footing as a domestic producer.
Property Tech
Strategic Minority
Changing how people buy homes in Europe
- Strategic guidance and fundraising support
Property technology company that uses artificial intelligence and data analytics to improve how people search for and discover real estate. Its technology supports property portals, agents, and other real estate platforms through tools for personalized recommendations, advanced filtering, location analysis, and automated listing and image enrichment.
B2B SaaS
Strategic Minority
Improving the in-store retail experience for North America
- Strategic guidance and fundraising support
- Sustained governance involvement across successive growth phases
Retail technology company that connects consumer brands with retailers and frontline sales associates. Its platform helps brands improve in-store sales through product education, sales incentives, campaign management, display verification, and real-time market insights, while allowing retail associates to complete training and earn rewards through a mobile application.