TriWest Capital Partners invested in PRT Growing Services Ltd. in partnership with senior management. The financial terms of the transaction were not disclosed.
PRT is an industry leader in commercial-scale containerized growing processes for a wide range of forestry seedling species. PRT currently operates 18 growing and cold storage facilities serving both Canada and the US with a combined capacity to produce in excess of 215 million seedlings per year.
Bennett Jones LLP and Davis Wright Tremaine LLP represented TriWest Capital Partners, with a team from Bennett Jones led by Bryan Haynes and also consisting of Eric Chernin, Brian Wells, Byron Tse and Heidi Konnert (M&A/corporate), Scott Bodie (tax), and Karen Dawson, Jeremy Russell, Taylor Davis and Samantha Lush (financial services) and with a team from Davis Wright Tremaine consisting of Sarah Tune (M&A/corporate), Scott MacCormack (debt finance), Omar Vasquez (M&A/corporate) and Christie Totten.
McCarthy Tétrault LLP and Foley Hoag LLP represented the 96.5% shareholder of PRT Growing Services Ltd., a fund managed by Mill Road Capital Management LLC, with a team from McCarthy Tétrault led by Jeremy Pleasant and also consisting of David Tennant, Stefanie Morand, Douglas Cannon, Kate McNeill-Keller, Oliver Borgers, Vincent Yip, Jeff Knowles, Sarit Pandya, Gregory Winfield and Kelleher Lynch and with a team from Foley Hoag led by Peter Rosenblum and Kip Crawley.
Cassels Brock & Blackwell LLP represented management of PRT, with a team led by Jason (Jake) Bullen and also consisting of Nicola Geary and Michael Alvaro (M&A/corporate), Jim Morand (tax) and Adrian Jakibchuk (employment).