HALIFAX, NS, June 2, 2022 /CNW/ – SeaFort Capital immediately introduced that it has made a majority funding in Components for Vehicles, Inc. Primarily based in Dartmouth, Nova Scotia, Components for Vehicles is the most important unbiased heavy-duty aftermarket components distributor and supplier of truck and gear service in Atlantic Canada. The corporate operates a community of 16 areas throughout Atlantic Canada and in Ontario.
Corey Miller, CEO of Components for Vehicles, commented, “Our government staff selected to companion with SeaFort given their sturdy values and confirmed monitor report of efficiently rising corporations. We’re very excited to work with the SeaFort staff to pursue strategic development, which can present thrilling alternatives for our workers and permit us to additional improve and broaden the sturdy help we presently present to our valued clients”.
Rob Normandeau, SeaFort’s Managing Companion & President, commented, “That is the primary platform funding for SeaFort Capital Fund II and represents the kind of Canadian mid-market funding we goal. We’re happy to spend money on a long-established, profitable Atlantic Canadian-based enterprise and excited to companion with a powerful, confirmed administration staff and firm as they proceed to execute on a well-delineated development technique.”
The partnership will concentrate on persevering with Components for Vehicles’ development technique by introducing new services and pursuing growth inside Canada via greenfield initiatives and strategic acquisitions. The prevailing senior management staff will proceed to drive the enterprise following the funding by SeaFort.
About Components for Vehicles
Components for Vehicles was based in 1919 and is headquartered in Dartmouth, Nova Scotia. Via its greater than 100-year working historical past, the enterprise has grown to turn into a number one unbiased distributor of components and supplier of service to the heavy-duty truck {industry} in Canada. Components for Vehicles presently owns and operates 16 areas in 5 provinces and supplies service via a community of twenty-two affiliate areas that function below the Trucklane banner. Throughout this community, the Firm can present clients with entry to 130 service bays and greater than 150 technicians. For extra data, please go to www.partsfortrucks.com.
About SeaFort Capital
Primarily based in Halifax, Nova Scotia, SeaFort Capital is a personal fairness agency that invests in lower-mid-market Canadian companies with EBITDA starting from $2 million to $15 million. SeaFort is a growth-oriented investor that seeks to determine long-term partnerships to assist develop industry-leading Canadian corporations. SeaFort targets investments within the enterprise companies, value-added distribution, manufacturing, and industrial sectors. SeaFort Capital is investing SeaFort Capital Fund II LP, which presently has dedicated capital of roughly $160 million. For extra data, please go to www.seafortcapital.com.
SOURCE SeaFort Capital Inc.
For additional data: Rob Normandeau, Managing Companion & President, SeaFort Capital Inc., E-mail: [email protected], Web site: www.seafortcapital.com