Vancouver, BC – August 6, 2025 – CAI Capital Partners (“CAI”) is pleased to announce that its portfolio company DWB Consulting Services Ltd. (“DWB” or the “Company”) has successfully merged with Chartwell Resource Group Ltd. (“Chartwell”). The transaction brings together two highly respected firms with complementary sector strengths and geographic footprints. The combination creates British Columbia’s leading multidisciplinary consulting firm specializing in environmental and resource management, mapping, engineering, and sustainable forest stewardship services for clients across the natural and built environment.
Chartwell’s strong presence in the Lower Mainland region and longstanding utility relationships is a natural fit with DWB’s strength in the Northern and Central regions of British Columbia, and together, the combined platform will now offer provincewide coverage with a team of nearly 300 employees including 250 technical professionals. Employees from both organizations remain significant shareholders in the combined business.
Chartwell is led by Cliff Roberts who will assume the role of CEO for the combined business of DWB and Chartwell. Kevin Bedford, DWB’s current CEO, will assume the role of Executive Vice President and will continue to be a key leader of the combined organization. The two organizations plan to unify under a single brand over time; however, in the meantime, the combined organization will maintain the trusted and familiar Chartwell and DWB brands.
“Merging our teams will not only strengthen our business, but also create new opportunities for our people, our clients, and our future,” said Kevin Bedford “As one company, we can better share and grow our industry knowledge, talent, and relationships.”
“This merger empowers us to meet the evolving needs of our clients while continuing to innovate and future-proof our business,” said Cliff Roberts. “Our priority is to ensure our clients, partners, and employees continue to receive the support they need, while remaining steadfast in our commitment to the communities we serve through open, honest communication during this transition. I’m incredibly proud to lead this new chapter and the talented team we’ve brought together.”
“DWB and Chartwell are highly complementary, and their joining forces represents a strategic consolidation of strengths that will increase market reach, deliver unmatched value to customers and propel the combined business to even greater heights.” said Curtis Johansson, Partner at CAI. “Given their impressive individual achievements, I am very much looking forward to seeing what these companies can do together.”
Debt financing for the transaction was provided by Canadian Imperial Bank of Commerce. DWB was advised on the transaction by Blake, Cassels & Graydon LLP, MNP Transaction Services, Marsh McLennan, and HUB International.
About DWB Consulting Services Ltd.
DWB Consulting Services Ltd. is a dynamic, multidisciplinary consulting firm that specializes in offering a full suite of value-added environmental, engineering, and forestry services to its clients in British Columbia. Since 1990, DWB has grown from a small family-run business to a multifaceted company with over 150 staff in offices throughout British Columbia. The company’s core offices are located in Prince George, Fort St. John, Williams Lake, Chetwynd, Penticton, and Cranbrook, with field offices throughout the province. For additional information, please visit www.dwbconsulting.ca.
About Chartwell Resource Group Ltd.
Chartwell Resource Group Ltd., formed in 2021, is the result of a natural collaboration between Hedberg and Associates, established in 2004, and Chartwell Consultants, established in 2000. Chartwell provides consulting services to a wide range of clients in government, industry and First Nations. The company has grown from a small group of operational foresters into a multi-disciplinary team offering a broad spectrum of consulting services from four offices in British Columbia. The interdisciplinary services offered by our team combine experience in forest management, resource and land management, road and bridge engineering, GIS and mapping, LiDAR, asset inventory, environmental science, planning, ecology, and recreation. For additional information, please visit www.crgl.ca.
About CAI Capital Partners
CAI Capital Partners is a Vancouver-based private equity firm focused on partnering with and growing founder-owned businesses in the Canadian and U.S. lower middle market. Over more than three decades, CAI has invested over C$1.6 billion of equity capital into companies across North America. For additional information, please visit www.caifunds.com.
For further information please contact:
Curtis Johansson
Partner, CAI Capital Partners
604-694-2527
Date: August 6, 2025
