New capital infusion from ATB aims to catalyze growth in the province’s small and mid-market businesses
ATB Private Equity, the private equity investment arm of ATB Financial, today announced the introduction of a second $50 million private equity fund aimed at making minority interest investments in crucial small and mid-market enterprises based in Alberta.
This new fund follows ATB’s initial fund established in 2016 and represents a total commitment of $100 million in private equity capital for Alberta enterprises.
Terry Freeman, Head of Investments at ATB Private Equity, emphasized, “ATB Private Equity was established to address the opportunity and necessity for private equity investment in Alberta-based small and medium-sized enterprises. This capital infusion will serve as a catalyst for growth across various industries within the province.”
ATB Private Equity has invested in 14 Alberta-headquartered enterprises since 2016, spanning industries such as ice cream manufacturing, educational software, oilfield services, and railcar storage. Beyond providing strategic growth capital, ATB Private Equity also plays a pivotal role in facilitating ownership transitions for numerous Alberta entrepreneurs, enabling them to achieve their succession planning objectives while retaining ownership within the province.
One notable example of a company benefiting from ATB Private Equity’s support is Surepoint. Originally an Alberta-based company, Surepoint underwent significant growth, transformations, and challenges. Most recently, the company’s employees repurchased it with the backing of ATB Private Equity. Returning to its Alberta roots, the company repositioned itself with a robust capital structure, operational diversity, and a clear path for sustained growth.
“ATB Private Equity maintains a distinct and competitive position in the market as an Alberta-based investor,” Freeman said. “We are dedicated to fostering the economic growth of the province in various capacities. As one of the most active private equity investors in Alberta, our fund has established strong relationships with several other investors with whom we have collaborated on transactions.”
The fund will continue to be led by Freeman, Head of Investments, and Jan Cerny, Managing Director, with support from experienced finance professionals Nataliya Kovalenko and Steve Dobbin.
This new fund, says ATB Private Equity, underscores its commitment to bolstering Alberta’s economic landscape and supporting the growth of local enterprises in the province.
| Troy Media
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