Westcap Invests In Key Agricultural Equipment Dealer

Feb 19, 2021

Westcap Management Ltd is investing in Rocky Mountain Equipment, Canada's largest Case New Holland dealer on the Prairies.

RME has 36 branch locations across Alberta, Saskatchewan and Manitoba and reported $1 billion in annual revenue in 2018.

The go-private transaction by RME received approval from the Board of Directors, shareholders, the Competition Bureau of Canada, as well as Case New Holland.

The Westcap transaction was completed in syndication with Westcap MBO II Investment LP and Golden Opportunities Fund Inc.

Grant J. Kook, President and CEO of Westcap says Agriculture continues to be an important sector for our funds under management as the industry remains critical to the global economy.

"Canadian farmers are tapping new markets for their products and there is an increased positive farm sentiment from rebounding crop prices and a strong 2020 harvest."

President and CEO of Rocky Mountain Equipment, Garrett Ganden says they are excited to have Westcap as their financial and strategic partner of choice given their broad network and reputation throughout the Prairies.

Click here to see more...

Video: Houston, we have a problem with Canola + Screwworm in U S Cattle!

A wet weather forecast for the Canadian Prairies this weekend into next week could result in flooded just planted acres plus unseeded canola acres!
New screwworm detected in Texas could devastate the tight U.S. cattle herd.
U.S. $ Index breaking above $100 while the CDN $ breaking below 72 cents.
Bitcoin once a rising star is back to testing support at 60,000 and the 200-DMA at 61.989.
Broadcom revenue disappointment set off a rotation out of tech stocks ruining the AI party.
Looks like tough times for negotiating CUSMA as the deadline for July 1 will come and go.
Short-term weather forecast remains non-threatening with a warm/wet forecast but long-term looks hot/dry for July/August/Sept for U.S. corn belt.
+ CFTC.