TRIWEST CAPITAL PARTNERS SELLS FRASER RIVER PILE & DREDGE
Calgary, Alberta – October 14, 2025 — TriWest Capital Partners (“TriWest”) is pleased to announce that it has sold Fraser River Pile & Dredge (“FRPD” or the “Company”) to Bird Construction Inc. (“Bird”).
Headquartered in New Westminster, BC, FRPD is one of Canada’s oldest and largest privately-owned marine construction, land foundation and dredging companies. Founded in 1911, FRPD’s experienced workforce of over 300 salaried, hourly and craft personnel have earned a reputation for safety and high quality work while delivering some of the largest construction projects in Western Canada. FRPD maintains a versatile marine and land construction equipment fleet, and has a specialized dredging and construction skillset that is well suited to Canada’s growing demand for infrastructure, including nation-building projects that support transportation, trade, defence, and energy requirements.
“We are proud to have played a role in FRPD’s long tenured success in the Western Canadian marine construction industry. Executed by steadfast management, FRPD’s prominence in the market is a testament to TriWest’s approach to partnership and commitment to supporting long-term strategic initiatives. We wish FRPD continued success as they begin a new chapter of their growth under Bird’s leadership.” said Norm Rokosh, Partner at TriWest. “We truly appreciate the dedication of the management team and congratulate them on their achievements during our investment period, including bolstering FRPD’s reputation for excellence among customers and industry partners,” added Dave Connolly, Partner at TriWest.
“TriWest has been a valuable partner to FRPD and we wish to thank them for their support and guidance as FRPD executed on its growth objectives and long-term strategic plan,” said Sarah Clark, President and CEO of FRPD. “We look forward to our new partnership with Bird and leveraging our combined strengths to create additional opportunities across our respective client bases. FRPD’s culture of high-quality delivery and self perform capabilities, augmented by Bird’s extensive resources and complementary services, is a winning combination for the future.”
CIBC Capital Markets acted as FRPD’s financial advisor, legal advice was provided by Bennett Jones LLP and tax services were provided by Ernst & Young.
About TriWest Capital Partners
Founded in 1998 and based in Calgary, Alberta, TriWest is one of Canada’s leading private equity firms, having raised over C$1.7 billion in committed capital through seven funds. TriWest has successfully invested in 51 companies across a broad cross-section of the economy in partnership with their management teams. We work closely with our management partners, together proactively putting in place a strategy that maximizes growth potential and value creation by emphasizing operational excellence, prudent governance and an efficient capital structure. The principals of TriWest have significant operational and financial expertise, making us effective partners in creating shareholder value. For more information on TriWest, please visit: http://www.triwest.ca