Vancouver, BC – September 1, 2021 – CAI Capital Partners (“CAI”) is pleased to announce that it has closed an investment in ATS Services Ltd. (“ATS”), a leader in the aviation communication services and meteorological observations industry in Canada.
Headquartered in Ottawa, Ontario, ATS provides services across 65 sites throughout the Canadian provinces and northern territories. ATS also delivers training courses on the observation and reporting of meteorological conditions and is a distributor of specialized meteorological equipment across North America. ATS is led by David Macphail who has more than 25 years of industry experience including 11 years leading ATS as its President and CEO.
“We are excited to partner with David and the team at ATS and look forward to continuing to build upon ATS’ 20+ year reputation of providing a high level of service to its customers,” said Ashton Herriott, Principal at CAI Capital Partners.
“We are pleased to be partnering with CAI,” said David Macphail, President and CEO at ATS, adding, “The team at CAI shares our vision for the business and we are excited for this next chapter at ATS.”
CAI’s investment in ATS marks the fourth platform investment in its sixth fund. Debt financing for the transaction was provided by The Bank of Nova Scotia. CAI was advised on the transaction by Stikeman Elliott LLP and MNP Transaction Services.
About ATS Services Ltd.
ATS is a leader in the aviation communication services and meteorological observations industry in Canada ATS also delivers training courses on the observation and reporting of meteorological conditions and is a distributor of specialized meteorological equipment across North America. The company is headquartered in Ottawa, Ontario and provides services across 65 sites throughout Canada. For additional information, please visit http://atsservices.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 lower middle market. Over three decades, CAI has invested over C$1.5 billion of equity capital into companies across North America. For additional information, please visit www.caifunds.com.