Westcap Mgt. Ltd. announces that its portfolio company, Timber-Tech Truss Limited Partnership, has acquired Darmac Framing Systems. Westcap completed its initial platform investment in Timber-Tech in December 2023 through Westcap MBO III Investment LP (“MBO III”), its third buyout fund focused on succession and growth opportunities in Western Canada.
In July 2024, Timber-Tech acquired Brydon Stairs Ltd., which diversified the company’s product offerings to its broad suite of customers, and today it completed its second strategic acquisition since joining the Westcap portfolio of companies only 18 months prior.
Operating in Balzac, Alberta, Darmac is a leader in the fabrication of panelized and modular building components for residential construction. Darmac offers complete framing packages, including both material supply and on-site installation, operating from its 40,000 square foot facility with over 50 employees. The company manufactures a range of products, including prefabricated walls and floor systems that are precision-engineered, ensuring consistently high quality, dimensional accuracy and structural integrity.
Westcap is a leading private equity and venture capital fund manager with over $1 billion in assets under management.
Founded in 1980, Timber-Tech is a leading provider of engineered truss systems and engineered wood products, servicing customers throughout Western Canada.
