PFM Capital Recent Investment – TAM International
PFM Capital Inc. (“PFM”), is pleased to announce that it has invested in TAM International LP (“TAM” or the “Company”). The investment was made through PFM’s SaskWorks and APEX II funds in partnership with the Company’s senior management team.
Founded in 2004 and based in Saskatoon, Saskatchewan, with satellite offices in Whitby, Ontario; Vancouver, British Columbia; Paducah, Kentucky; Chester, England; and New Delhi, India, TAM is a global freight forwarder focused on providing a full scope of logistics solutions for Class 7 and other specialized material around the world. Other complementary services include: total project management, rental, sale and maintenance of equipment, warehousing and consulting services. For more information, please visit http://www.tamintl.ca/
“TAM International LP is excited to take the next step in our long term strategic plan with PFM Capital Inc.,” said Kurtis Hinz, President of TAM International LP. “PFM represents a corporate culture that very much aligns with our core philosophies and has shown a tremendous commitment to assisting our long term growth strategy. We believe this partnership will benefit our global clients and staff by helping us maintain and even increase the highest standards of quality that we have set for ourselves as a company.”
“PFM is very impressed with the industry-leading processes, safety and service that TAM delivers to its customers around the world,” said Jardin Schnurr, Director of Investments at PFM Capital Inc. “TAM is well-positioned to serve its existing core Class 7 freight forwarding customers as well as expand into new untapped markets. PFM is looking forward to our new partnership with the TAM management team and the growth potential of the business.”
About PFM Capital Inc.
SaskWorks Venture Fund is a Saskatchewan-based retail mutual fund that invests in privately-held small and medium-sized businesses owned or primarily operated in Saskatchewan. As a labour-sponsored venture capital corporation (LSVCC), investments in SaskWorks are eligible to receive a tax credit equal to 32.5% in addition to their RRSP tax deferral.
The Apex Series of Funds offer institutional and accredited investors exposure to a professionally-managed, diversified portfolio of primarily private companies. Apex II targets mature companies with established operations and high growth potential in the oil & gas, value-added agriculture, manufacturing and industrial sectors.
SaskWorks and APEX II are managed by PFM Capital Inc. through its related entities PFM Venture Capital Operations Inc. and PFM Fund Operations Inc. PFM Capital Inc. 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.
