Weatherhaven Aquired by Fulcrum Capital Partners, Chooses to Remain 100% Canadian-Owned and Operated

Weatherhaven Aquired by Fulcrum Capital Partners, Chooses to Remain 100% Canadian-Owned and Operated

Vancouver, British Columbia, Canada – Weatherhaven Global Resources Ltd. (“Weatherhaven”), one of the world’s leading providers of redeployable shelter systems, has completed a transaction with Fulcrum Capital Partners Inc. (“Fulcrum”), which will see the Canadian-based private equity firm acquire a majority interest in the Canadian defence and infrastructure company. In connection with the transaction the founding shareholders are stepping back and will assume an advisory role while the current senior management team, led by Chief Executive Officer Ray Castelli, has reinvested and will continue to lead the Company through this next phase of growth. “We made a deliberate decision to remain 100% Canadian-owned and operated despite receiving compelling offers from strategic and financial buyers outside of Canada,” says Weatherhaven CEO Ray Castelli. Weatherhaven is one of the few companies in the Canadian Defence Review Magazine’s annual ranking of the Top 50 Defence Firms in Canada that is 100% Canadian-owned and operated. Last year, Weatherhaven engaged a leading global mergers and acquisitions (M&A) firm in the defence and aerospace industry to assist in identifying an ideal financing partner. While more than a dozen competitive bids were received from around the world, Weatherhaven ultimately chose Fulcrum Capital due to its Canadian heritage and proven track record of growing small and medium-sized companies. “Fulcrum is excited to invest in Weatherhaven alongside current management and to play a role in maximizing the growth potential of this innovative shelter solution provider,” says Fulcrum Capital Partner Michael Berkson. “We have been tracking Weatherhaven for the past five years and the timing of this investment is ideal as the potential global market opportunity for Weatherhaven’s innovative...

CANSEC Invite

Weatherhaven will be featuring four of our containerized solutions. Come visit us and see our latest innovation… the...