PFM has been carefully managing and adapting to the outbreak of coronavirus (COVID-19). We are currently working to ensure the health of our people, our clients and our larger community. This includes policies on meetings, events and travel that evolve as circumstances change.
Following provincial guidelines, as of March 23, 2020, our office will be officially closed, with all employees working remotely. At this time, we do not expect any interruption of regular work for our office. Most tasks can be done remotely and our level of service should not decline. Please continue to remit payments and/or submit invoices in the usual manner.
The office will reopen when deemed safe to do so by the provincial government and health authorities. In the interim, if you need to get in contact, please call the office at 306-791-4855.
Who We Are
“PFM was established to provide a home grown solution to the lack of capital available for Saskatchewan businesses, aiming to provide companies with the capital required to execute their strategic goals while adding long-term value to the benefit of all stakeholders. Our experience, combined with rigorous due diligence and monitoring standards, has established a strong track record of investment performance and deal flow focused on growth capital, management buyout and expansion financing transactions. We hold all of our partners and investees in the highest regard and personally invest in all of the funds that we manage. We make it a point to align our interests with those of our partners and are committed to building mutually-beneficial relationships.”
– Randy Beattie, President, PFM Capital Inc.
PFM Capital is an employee-owned investment management firm.
Founded in 1989 as a corporate finance company, PFM has been managing private equity and venture capital funds since 1993.
Experienced management teams + rigorous due diligence & monitoring standards.
PFM has a strong track record of steady high-quality deal flow and investment management, providing strong returns to the firm’s investors.
PFM Capital invests in mid-market businesses, with the objective of achieving long-term capital appreciation. By strategically focusing on both yield and growth, we are able to structure our investments in a way that suits both our investors and our portfolio companies. We use a broad range of securities, from common equity to subordinated debt, which ensures that our investees are able to grow and execute on their business plan without ever impeding the balance sheet.
A significant number of our target industries, such as:
Industrials + Manufacturing
Oil & Gas Production
Oil & Gas Services
Are growth focused industries that tend to rely on equity injections for expansion opportunities. These opportunities create strong growth in the portfolio company.
We build portfolios of private companies that can generate yield for our investors over the life of their investment.
By targeting established mid-market companies in a variety of sectors we are able to take advantage of existing cash flow in those companies to fund distributions to our shareholder, where appropriate.
Our investment portfolio is constantly being targeted toward different sectors to provide yield for our investors.
SaskWorks Venture Fund provides a unique opportunity for Saskatchewan residents to keep their investment dollars at home. Read more
The Apex series of investment funds offer institutional and accredited investors exposure to a professionally-managed, diversified portfolio of mid-market companies focused on the sectors that drive economic growth in the Canadian prairies. Read more
TopSoil is engaged in the acquisition and lease out of high quality Saskatchewan based farm land. Read more
Our Typical Investment
At PFM we are able to structure our transactions using a variety of instruments and ownership stakes to match the needs of our investee companies. While our flexibility allows us to invest in a wide range of companies and industries our business partners typically exhibit the following attributes:
Well aligned experienced management teams,
Market segments with growth potential,
5-8 year investment timeframe,
A clear identifiable exit opportunity,
EBITDA of $2 – $10 MM and/or enterprise value of $10 – $50 MM.
If a company matches our investment criteria we would typically invest $5 – $20 MM in a single financing. We will invest more or less than our typical transaction amount depending on the circumstances of the particular investment opportunity.
$44 million investmentCommon Equity
Steel Reef Infrastructure Corp. is a midstream infrastructure company with operations focused in Saskatchewan and Alberta. PFM backed Steel Reef with a $20 million lead investment in the company's first round of financing in 2013. Since that time, PFM has led two more rounds of financing in 2014 and 2015 helping the company to raise more than $200 million in equity since inception. PFM invested in Steel Reef in order to gain exposure to the infrastructure sub-sector of the oil and gas industry.
$10 million investmentCommon Equity + Subordinate Debt
Prairie Soil Services delivers a variety of value-added services to farming operations in the Yorkton/Canora area. In 2015, PFM made a new investment in Prairie Soil Services - backing an existing management team to buyout the original owners of the company. PFM is constantly building out our portfolio of value-added agriculture companies and the investment in Prairie Soil provides PFM with a growth platform into the input management industry.
$10 million investmentCommon Equity
Hi-Tech Profiles Inc. is a Regina based steel-processing company that services agricultural and industrial equipment
manufacturers. PFM's investment in Hi-Tec represents an indirect investment into major infrastructure projects throughout the province. The investment allowed an experienced existing management team to take out the original owners of the company, returning the company to growth and allowing those original owners to exit.
For our full portfolio:
Investment Activity Since Inception (As at March, 2020)
Energy (Services & Midstream)
Ag Products & Services
As at March 31, 2020, PFM had:
Over $946 million of capital raised.
Invested $902 million in 128 portfolio companies.
Exited 84 companies for $432 million in realized gains.
“PFM Capital established the TopSoil Farm Land Management Series to capitalize on favorable trends in Saskatchewan’s agriculture sector. Focusing on the acquisition and lease-out of top quality farm land to first-tier producers, TopSoil is positioned to benefit from the strength of Saskatchewan’s grain and oilseed sectors emerging as a result of increased global food and feed demand, decreasing arable land per capita.”
– Chris Selness, CEO of TopSoil Farmland Management
Farmland Fund $150 Million Under Management
Agco Ag Ventures LP
Every successful partnership begins with a conversation.
Through its affiliation with the fund managers PFM Fund Operations, PFM Venture Capital, Prairie Ventures GP, TopSoil Farm Land Management, and TopSoil Farm Land Management (II), and doing business as PFM Capital ("PFM Capital" or "PFM"), PFM is a leading private equity investment firm in Saskatchewan. Founded in 1989 as a corporate finance company, PFM has been managing private equity and venture capital funds since 1993. This website does not represent an offering of securities. The information disclosed is incomplete and can be qualified in its entirety by each fund's most recent offering document or limited partnership agreement, obtainable free of charge by contacting PFM Capital Inc. The securities described herein are only available to eligible investors in Canada in accordance with applicable securities laws.