“The Royal Camp management team has done an outstanding job with organic growth over the last few years and with the acquisition of Summit, the company is well positioned to serve the many opportunities in British Columbia,” said Jeff Wood, CEO of HKW and Chairman of Royal Camp.
Royal Camp is a provider of workforce accommodations, catering and other services to customers operating in the oil, natural gas and mining industries in western Canada. The company owns a fleet of equipment capable of accommodating camp sizes of 10 to over 800 workers and provides the staff necessary to operate these remote camps including foodservice, custodial and janitorial services as well as facility maintenance. Royal Camp’s customers are oil and gas exploration and production companies, producers and developers of oil sands, providers of seismic services, and pipeline and general construction firms that outsource their camp and catering requirements to third parties. Royal Camp has offices in Edmonton, Calgary and Grande Prairie, Alberta (www.royalcamp.com).
Based in Smithers, British Columbia, Summit Catering provides catering and camp services to remote locations throughout Canada (www.summitcamps.ca).
“The acquisition of Summit is a huge positive for Royal Camp. The existing relationships and established presence of Summit will enhance Royal Camp’s capability to provide both existing and new customers with first class camp accommodations and catering in the important British Columbia market.” said Daryl Rackel, President of Royal Camp.”
Hammond, Kennedy, Whitney & Company invests in companies with revenues between $20 million and $200 million and EBITDAs between $2 million and $20 million. Since 1982, HKW has completed 47 platform management buyouts of small middle-market companies throughout North America as well as 52 add-on acquisitions. The firm was founded in 1903 and is headquartered in Indianapolis with an additional office in New York (www.hkwinc.com).
2014 PEPD • Private Equity’s Leading News Magazine • 10-22-14