BID Group Holdings Ltd. (“BID”) announces 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.
“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,” said BID’s founder and Chairman, Brian Fehr.
The BID Group is one of the only integrated companies in North America. With a diverse line of sawmill equipment, BID offers a wide range of products.
