Fulcrum Capital Partners has made an investment in Canstar Restorations, a property restoration company serving the residential, commercial, and institutional markets.
Canstar’s provides restorations services to property damaged by fire, water, and storms. Other services include hazardous materials removal and trauma scene cleanup. The majority of Canstar’s customers are insurance companies, public institutions and property management companies. The company has 170 employees and three operating facilities with a headquarters near Vancouver in Coquitlam, BC (www.canstarrestorations.com).
The investment in Canstar is the fourth platform investment made by the firm’s fifth fund, Fulcrum Capital Private Equity Fund V, which closed in July 2015 with C$344 of capital.
Fulcrum manages over C$650 million of capital and invests both equity and subordinated debt in companies with revenues of C$10 million to C$250 million. Sectors of interest include services, manufacturing, consumer products, distribution, food and retail. The firm was formed in 2011 as the successor to HSBC Capital (Canada) Inc. when current management acquired the private equity and mezzanine business of HSBC Bank Canada. Fulcrum has offices in Vancouver, Toronto and Edmonton (www.fulcrumcapital.ca).
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