PFM Capital Inc. & McKay Métis Group Complete Acquisition of Weldco Heavy Industries Ltd.
Regina, Saskatchewan – PFM Capital Inc. (“PFM”) and McKay Métis Group (“MMG”) are pleased to announce the strategic acquisition of Weldco Heavy Industries (“WHI”), a premier steel fabrication and repair facility that specializes in heavy mining equipment, primarily serving the Athabasca Oil Sands.
Founded in 2009, WHI operates a 60,000-square-foot facility strategically located in the Fort MacKay Caribou Energy Park, enabling it to service major producers in the Oil Sands region. The company is recognized for its expertise in haul truck box and shovel refurbishments, large-scale steel repairs, and assembly projects, as well as for its industry-leading turnaround times, strong client relationships, and commitment to safety and quality.
As part of the transaction, all members of WHI’s senior management team will remain in their roles, ensuring continuity and alignment as the company enters its next phase of growth.
“We are proud to partner with MMG and we look forward to building on WHI’s reputation as a leading provider of steel fabrication and repair services in the region,” said Johanna Salloum, Partner at PFM Capital. “WHI’s commitment to quality and strong customer relationships has positioned it well for continued success.”
“This investment aligns with our mission to drive sustainable economic growth for the Fort McKay Métis Nation,” said Crystal Young, President & Chief Executive Officer of MMG. “We are excited to work alongside WHI’s talented team and PFM Capital to support the company’s long-term growth and success.”
About Weldco Heavy Industries
Founded in 2009, Weldco Heavy Industries Ltd. operates a large steel fabrication and repair facility located in the Fort MacKay Caribou Energy Park. Strategically positioned in the heart of Alberta’s Oil Sands, WHI effectively meets the industry’s growing requirements for large steel repair, assembly, and refurbishment. WHI is recognized for its technical expertise, quick turnaround times, and unwavering commitment to safety and quality. For more information, please visit www.weldcoheavyindustries.com.
About PFM Capital
PFM Capital Inc. is a leading Saskatchewan-based private equity investment firm with over $930 million in assets under management across several funds. Based in Regina, Saskatchewan, PFM’s niche focus allows investors to benefit from the Prairies’ economic strengths by leveraging the firm’s established local contact network and long-term track record. PFM is employee-owned and has been managing private equity and venture capital funds since 1993. For more information, please visit www.pfm.ca.
About McKay Métis Group
McKay Métis Group is a community-owned Indigenous business corporation of the Fort McKay Métis Nation. With a diversified portfolio spanning construction, energy services, security, data solutions, and infrastructure, MMG is committed to advancing sustainable economic empowerment for the Nation while delivering best-in-class services to clients across the country. For more information, please visit www.mckaymetisgroup.com.
