Operating in Balzac, Alberta, Darmac is involved in the
fabrication of panelized and modular building components for
residential construction.
Westcap Mgt. Ltd. announces that its portfolio company,
Timber-Tech Truss Limited Partnership has acquired Darmac
Framing Systems.
Westcap completed its initial platform investment in Timber-Tech
in December 2023 through Westcap MBO III Investment LP, its
third buyout fund focused on succession and growth opportunities
in Western Canada. Headquartered in Calgary, Alberta,
Timber-Tech has experience as a provider of engineered truss
systems and engineered wood products, servicing customers
throughout Western Canada. In July 2024, Timber-Tech acquired
Brydon Stairs Ltd., which diversified the company’s product
offerings, and now it has completed its second strategic
acquisition since joining the Westcap portfolio of companies.
Operating in Balzac, Alberta, Darmac is involved in the
fabrication of panelized and modular building components for
residential construction. Darmac reportedly offers complete
framing packages, including both material supply and on-site
installation, operating from its 40,000 square foot facility
with over 50 employees. The company manufactures a range of
products, including prefabricated walls and floor systems that
are engineered to reportedly ensure structural integrity.
“Timber-Tech’s ability to execute its aggressive, organic and
acquisition-based growth strategies, which are also aligned with
strong sector tailwinds, was a key factor in our decision to
invest in this platform company only 18 months ago,” said Mr.
Grant J. Kook, President and CEO of Westcap.
Ms. Wendy Murphy, Chief Executive Officer of Timber-Tech
indicates, “The acquisition of Darmac enables Timber-Tech to now
provide the entire structural package for a new home and meet
both the federal government’s mandate and the market’s desire
for prefab construction. Since Westcap’s partnership we have
seen exciting growth in aggregated top line revenues and our
team of 82 key members double in size to now 172.”.
Source:
canadianmanufacturing.com
