PFM Capital, Roynat Equity Partners, All-Fab Group: Acquisition of Littfin Truss
Winnipeg, Manitoba – The All-Fab Group of Winnipeg, Manitoba has joined with Littfin Truss of Winsted, Minnesota.
On October 1, 2020 All-Fab Building Components LP (“All-Fab Group”) acquired 100% of the issued and outstanding shares of Littfin Lumber Co. (“Littfin”).
The All-Fab Group currently manages nine operations under the All-Fab, Nu-Fab and Olympic brands. The All-Fab Group is one of the largest independent building solutions providers in western Canada, serving customers across both Canada and the USA. PFM Capital Inc. and Roynat Equity Partners, both based in Canada, are the principal owners of the All-Fab Group.
Littfin manufactures engineered structural building components for the residential, commercial and agricultural building markets within the mid-west US region.
“We are honoured to have the Littfin team join us,” stated Ed Richmond, President and CEO of the All-Fab Group, “Littfin has established a reputation for superior standards of craftsmanship. This fits very well with our culture and their markets align well with our strategic objectives.”
Jack Littfin, outgoing CEO and founder of Littfin added “I am confident that Littfin will achieve even greater performance and growth with the support of the All-Fab Group. This is a very good strategic fit.”
“We are very pleased to join the All-Fab Group of companies,” commented Bob Mochinski, newly-promoted Vice President and General Manager of Littfin for the All-Fab Group, “I am very excited by the opportunity to share best practices and expand our product range to better serve our Customers. All-Fab brings new opportunities for Littfin to achieve new levels of performance and growth.”
“PFM is very pleased to add Littfin to the All-Fab Group portfolio,” commented Johanna Salloum, Partner and Senior Director of Investments at PFM, “We are confident that the combined leadership talent of these two companies and their strategic plans establishes a strong foundation for further growth and value creation in the building solutions sector.”
“We are excited to support the continued growth of the All-Fab Group and to work with the team at Littfin,” said Tobin Hayward, Director at Roynat Equity Partners.
For more information on the All-Fab Group, visit http://www.all-fab.com/
For more information about the transaction, please contact:
Diana Hilderman, Communications Manager
PFM Capital Inc.
P: 306-541-8677 E: dianahilderman@pfm.ca
About PFM Capital Inc.
PFM Capital is Saskatchewan’s largest private equity investment firm with over $800 million in assets under management across several funds. Based in Regina, PFM’s niche focus allows investors to benefit from the Prairies’ economic strengths by taking advantage of the firm’s established local contact network and long-term track record. PFM Capital is employee-owned and has been managing private equity and venture capital funds since 1993. For more information, please visit www.pfm.ca.
About Roynat Equity Partners
Roynat Equity Partners facilitates growth and creates wealth in established mid-market private companies by providing patient capital, advice and contact networks to Canadian entrepreneurs. With over $300 million in committed capital and offices across Canada, Roynat Equity Partners is dedicated to helping mid-market companies grow and achieve their business goals. Flexible investment structures are tailored to the needs of partners and include common equity, preferred equity, and convertible debt. Roynat Equity Partners is a division of Roynat Capital Inc. which is a wholly owned subsidiary of Scotiabank. For more information, please visit www.roynat.com.
