City Wide Towing
Signal Hill Equity Partners has made an investment in City Wide Towing & Recovery Service Ltd.
Engagement Type:
Industry:
Transportation and Warehousing
Signal Hill Equity Partners has made an investment in City Wide Towing & Recovery Service Ltd. MNP Corporate Finance Inc. acted as exclusive financial advisor to City Wide Towing and Recovery Service Ltd. in structuring and negotiating this transaction.
Transaction Brief
This transaction has allowed the shareholders of City Wide Towing & Recovery Service Ltd. ("City Wide") to implement their succession strategy, while obtaining access to additional growth capital and ensuring the continued success of the business. MNP Corporate Finance structured and sourced equity financing to complete this transaction from Signal Hill Equity Partners (“SHEP”), a mid-market Canadian based private firm with offices in Calgary.
City Wide has been providing towing and vehicle recovery services within the greater Calgary region since 1963. Management has grown the Company in to one of the largest and most successful regional operators within Canada.
SHEP is a Canadian private equity firm managed by experienced investors and business operators, focusing on Canadian mid-market companies. The firm is investing its second fund and has six portfolio companies located in Canada. The firm was founded in 2007 and is based in Toronto, Ontario.