Westcap Mgt. Ltd. announces an investment in Timber-Tech Truss Limited Partnership completed by Westcap MBO III Investment LP (“MBO III”), which is Westcap’s third buyout fund focused on succession and growth opportunities in Western Canada.
Timber-Tech is a leading provider of engineered truss systems and engineered wood products, servicing customers throughout Western Canada. Founded in 1980 in Lethbridge, Alberta, the company has four decades of experience and has grown to operate three manufacturing facilities which are located in Lethbridge, Calgary and Medicine Hat. With 52,000 square feet of combined manufacturing space and an employee base of 100, Timber-Tech has the capacity to produce over 44,000 board feet per day.
Timber-Tech has a wide range of customers across a large geographical region with a focus on servicing large, tract home builders in the Calgary region that require standard roof and floor trusses as well as engineered wood products. The Company’s products from the Medicine Hat and Lethbridge facilities are sold through a vast dealer network ranging from Southeastern British Columbia to Southwestern Saskatchewan.
Between 2020 and 2023 alone, Timber-Tech increased board foot production by 26% despite industry supply chain challenges and volatile commodity pricing by focusing on strategic growth in the Calgary region including the acquisition of a new facility in Calgary in 2018.
Founded over 25 years ago, Westcap is a leading private equity and venture capital fund manager with over $1 billion in assets under management.
Founded in 1980, Timber-Tech is a leading provider of engineered truss systems and engineered wood products, servicing customers throughout Western Canada.
