TRIWEST CAPITAL PARTNERS SELLS STRIKE GROUP
Calgary, Alberta – October 24, 2025 — TriWest Capital Partners (“TriWest”) is pleased to announce that it has sold Strike Group (“Strike” or the “Company”) to members of the Strike management team through a management buyout.
Established in 2004, Strike Group is an industry leading provider of infrastructure construction and maintenance services to energy and diversified industries across Western Canada. As the Prime or General Contractor, Strike provides a full suite of infrastructure construction and maintenance services across its five main divisions: Projects Group, Industrial Services, Pipeline Services, Field Services, and Electrical & Instrumentation. Headquartered in Calgary, Alberta, Strike employs more than 1,900 people at 24 locations strategically positioned across Western Canada.
Mick MacBean, Partner, TriWest commented “Stephen and his team have been exceptional partners and our investment in Strike very much aligned with our strategy of partnering with highly successful businesses in Western Canada led by strong and committed management teams.” Dave Connolly, Partner, TriWest added “It was a pleasure working with Stephen and his management team as they executed numerous strategic initiatives, expanding Strike’s breadth of service offerings and geographic reach to better serve their customers.”
Stephen Smith, CEO of Strike Group, expressed his gratitude. “On behalf of our entire team, I would like to sincerely thank Mick MacBean and TriWest Capital Partners for their partnership and support over the past ten years. Their investment and guidance have helped accelerate growth and shape the company we are today.”
Legal advice was provided by Burnet, Duckworth & Palmer 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
Contact:
TriWest Capital Partners
Dino DeLuca
Chief Operating Officer
Tel: (403) 817-9665
Email: ddeluca@triwest.ca