TriWest Capital Partners investment into Lithion Power Group

TriWest Capital Partners invested in Lithion Power Group (fka HPC Energy Services) in partnership with various members of senior management and existing shareholders. The financial terms of the transaction were not disclosed. 

Lithion is a leading integrated provider of mission-critical power solutions to the global oil and gas pipeline industries. Founded in 1998 and based in Calgary, Alberta, Lithion is in the business of designing, developing and manufacturing specialized primary lithium chloride, lithium sulfuryl chloride, lithium CFx and lithium CFx-MnO2 hybrid battery chemistries designed to work in high vibration/shock and temperature environments. 

Bennett Jones LLP represented TriWest Capital Partners, with a team that included Bryan Haynes, Kahlan Mills, Eric Chernin, Nicholas Emter, Hind Masri and Heidi Konnert (M&A/corporate), Darcy Moch (tax), Beth Riley (competition), and Karen Dawson, Noriko Shimura and Taylor Davis (financial services). 

Burnet, Duckworth & Palmer LLP represented HPC Energy Services Ltd., with a team that included Jay Reid, David Maxwell, Syd Abougoush, Paul Mereau, Nigel Behrens, Riley O’Brien, Payton Holliss and Emily McDermott (M&A/corporate), Heather DiGregorio and Brandon Holden (tax), Jody Wivcharuk (competition), Kathy Pybus (financial services) and Jeffrey Sharpe (litigation).