BID Group Holdings Ltd. (“BID”) is pleased to announce the successful closing of an equity investment into the company. The transaction, led by Highland West Capital Ltd. (“HWCL”), brings a leading group of institutional investors (the “Investor Group”), into the BID team. The Investor Group has partnered with BID to support the continued growth and success of the business. BID, a privately-owned family of companies, has over 30 years of experience in providing industry leading solutions for its highly-valued customers in the wood processing industry. Through the successful integration of BID Construction with its manufacturing companies, including Comact, PHL, Deltech, Miller and McGehee, BID has uniquely positioned itself to provide complete turnkey solutions for its customers.
“We are excited about the additional opportunities that our partnership with HWCL and the Investor Group will provide,” said Alistair Cook, BID’s CEO. “The additional capital will allow us to accelerate our turnkey offering and ongoing investments in technology to further support our customers.”
“This transaction represents the next step in BID’s evolution as we continue our path to be the clear leader in providing solutions to the wood processing industry,” added BID’s founder and Chairman, Brian Fehr.
HWCL’s Managing Director David Rowntree added, “We couldn’t be more pleased to partner with Brian, Alistair and the BID team. They have built a great company that is at the forefront of industry innovation and customer solutions.”
“HWCL brought together a group of institutional and private investors that will assist BID in the anticipated rapid growth that the company has positioned itself for over the next number of years,” added Dave Mullen, Managing Director at HWCL.
About Highland West Capital Ltd.
Based in Vancouver, BC, Highland West Capital Ltd. is a private equity firm that blends the depth of large fund experience with the flexibility of a family office. HWCL offers a broad array of capital alternatives, including traditional equity and debt structures—as well as strategic, operational and financial support to its management partners. To find out more, visit hwcl.ca.