Westcap Management Ltd is investing in Rocky Mountain Equipment, Canada's largest Case New Holland dealer on the Prairies.
RME has 36 branch locations across Alberta, Saskatchewan and Manitoba and reported $1 billion in annual revenue in 2018.
The go-private transaction by RME received approval from the Board of Directors, shareholders, the Competition Bureau of Canada, as well as Case New Holland.
The Westcap transaction was completed in syndication with Westcap MBO II Investment LP and Golden Opportunities Fund Inc.
Grant J. Kook, President and CEO of Westcap says Agriculture continues to be an important sector for our funds under management as the industry remains critical to the global economy.
"Canadian farmers are tapping new markets for their products and there is an increased positive farm sentiment from rebounding crop prices and a strong 2020 harvest."
President and CEO of Rocky Mountain Equipment, Garrett Ganden says they are excited to have Westcap as their financial and strategic partner of choice given their broad network and reputation throughout the Prairies.