Who We Are
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.
Million in assets
The Numbers tell the story.
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
- Mining Services
- 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
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.
$7 million investmentCommon Equity
Orange Tree Living is an innovative intergenerational care facility that combines seniors' housing with children's programming and various supporting amenities. PFM is continuously looking to take advantage of trends by investing in new areas of our market and Orange Tree Living is PFM's first investment into the health care industry.
Investment Activity Since Inception (As at September 30, 2017)
Oil & Gas Production
Oil & Gas Services
As at September 30, 2017, PFM had:
Over $677 million in assets under management.
Since inception we have invested $751 million in 117 portfolio companies,
exited 70 companies, returned $594 million total and $253 million in realized gains.