Vancouver, BC – March 7, 2024 – CAI Capital Partners (“CAI”) is pleased to announce that it has partnered with DWB Consulting Services Ltd. (“DWB” or the “Company”). DWB is a leading multi-disciplinary consulting firm that provides environmental, forestry and engineering services to a variety of industries including transportation, power/hydropower, government, mining, forestry, and oil & gas. With offices across British Columbia and a full suite of professional consulting services, DWB is able to effectively meet the needs of its clients in Western Canada with localized support and service.
DWB will continue to be led by Kevin Bedford, Brian Aitken, Richard Girard, Wendy McRae, Angela Morrison, and Ryan Wonnacott who, along with other senior management and employee shareholders, have retained a meaningful equity interest. Founder Dave Bedford will also remain involved in the business in an advisory capacity.
Demonstrating alignment with DWB’s founding principles of giving and philanthropy, the Company has pledged an annual commitment to charitable initiatives, giving back and enriching our communities through acts of giving.
“DWB is an organization of great people doing great work. The services they provide are essential to the responsible development of our economy and communities, and we at CAI couldn’t be more excited about the prospect of partnering with the DWB team to continue building on the legacy of what Dave Bedford started 34 years ago,” said Curtis Johansson, Partner at CAI.
“DWB has a strong history of giving to, and building, the communities we are a part of. As an organization, we are excited to enter into a partnership with CAI. Together, we are committed to building our organization to better serve our employees, our clients, and our communities,” said Kevin Bedford, CEO, DWB.
CAI’s investment in DWB marks the second platform investment in its seventh fund, CAI Capital Partners VII, LP. Debt financing for the transaction was provided by CIBC. CAI was advised on the transaction by Blake, Cassels & Graydon LLP, FMI Consulting, Kroll, Marsh McLennan, MNP Transaction Services, and Nestell & Associates.
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 US lower middle market. Over 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.
About DWB Consulting Services Ltd.
Founded in 1990, DWB is a leading multi-disciplinary consulting firm that provides environmental, forestry and engineering services to a variety of industries including transportation, power/hydropower, government, mining, forestry, and oil & gas. DWB has grown from a small family run business to a multi-faceted company with over 200 staff in offices throughout British Columbia. Core offices are located in Prince George, Fort St. John, Williams Lake, Chetwynd, Burns Lake, Cranbrook, and Penticton, with field offices throughout the province. For additional information, please visit www.dwbconsulting.ca.
For further information please contact:
Curtis Johansson, Partner
[email protected]
604-657-2527
Date: March 07, 2024
