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 & CEO, PFM Capital Inc.

People

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.

Click here to meet the team

$620

Million in assets

23

Years experience

The Numbers tell the story.

Magnifying Glass

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.

Strategy

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.

Growth

Growth

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.

Yield

Yield

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.

Funds

Private Equity

Private Equity

SaskWorks

SaskWorks Venture Fund provides a unique opportunity for Saskatchewan residents to keep their investment dollars at home. Read more

Apex

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

Farmland Management

Farmland Management

Topsoil

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.

Featured Investments

Steel Reef Infrastructure Corp.

Energy

$44.3 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.

Prairie Soil Services

Value-Added Agriculture

$10.1 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.

Hi-Tech Profiles Inc.

Industrials

$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.

Orange Tree Living

Health Care

$6.9 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.

For our full portfolio:

SaskWorks Diversified SaskWorks Resources Apex Investments Apex Investments II

Results

Private Equity Investment Activity Since Inception (As at June 30, 2016)

Industrials

Oil & Gas Production

Oil & Gas Services

Consumer Discretionary

Telecommunications

Financials

Alternative Energy

As at June 30, 2016, PFM had:

Over $620 million in assets under management.

Disbursed or approved to disburse $683 million in portfolio investments.

Total exit proceeds of $520 million and realized gains of $206 million.

“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

Soil & Shovel
Topsoil I
38,500 acres
Topsoil II
36,500 acres
Agco Ag Ventures LP
20,300 acres

Every successful partnership begins with a conversation.

Business Owner

Business Owner

Investor

Investor