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 closed to the public. Please continue to remit payments and/or submit invoices in the usual manner.
The office will remain closed to the public until further notice. 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.
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.
$65.7 million investmentCommon Equity
Steel Reef builds and acquires midstream assets involved in gathering/transportation, processing and storage of petroleum products, with operations primarily focused in Saskatchewan and North Dakota. PFM Capital Inc. was a founding shareholder in Steel Reef, comprising approximately 30% of the initial $66.3 million equity raise in 2013 and has continued to support the company with additional follow-ons in 2014, 2015 and 2019. Since inception, Steel Reef has spent over $975 million to build a cohesive portfolio of high-quality assets secured with long term take-or-pay contracts while focusing on maintaining modest leverage and a consistent dividend payout ratio relative to peers.
$10.3 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
TAM International is a global freight forwarder, focused on providing a full scope of logistics solutions for specialized material around the world. The Company was founded in 2004 and is headquartered in Saskatoon with satellite offices in Whitby, Ontario; Vancouver, British Columbia; Paducah, Kentucky; Chester, England; and New Delhi, India. In December, PFM partnered with the existing senior management team to allow the founding shareholders to exit and the current management shareholders to strategically increase their equity position. PFM’s investment will help position the Company to continue to grow and maintain the highest standards of customer service.
For our full portfolio:
Investment Activity Since Inception (As at December, 2020)
Energy (Services & Midstream)
Ag Products & Services
As at December 31, 2020, PFM had:
Over $966 million of capital raised.
Invested $935 million in 134 portfolio companies.
Exited 86 companies for $492 million in realized gains.
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.