TriWest Capital Partners Announces Partnership with The Fastener Group

TriWest Capital Partners Announces Partnership with The Fastener Group

Calgary, Alberta — TriWest Capital Partners (“TriWest”) today announced that it has partnered with The Fastener Group (“TFG” or the “Company”), a market leading distributor of fasteners, tools, safety gear and other related accessories. This transaction involves 15 TFG locations across Western Canada that have historically been separately owned and operated, and unites them under one corporate umbrella with common ownership. TFG represents TriWest’s first investment in Fund VI.

Established in 1979, TFG was launched with a single location in Calgary, Alberta. Since then, TFG has expanded considerably, and this transaction brings together 15 locations across 12 cities, spanning from Manitoba to British Columbia. TFG stands as one of Western Canada’s largest fastener and accessory sellers, servicing diverse customers, including commercial builders, general contractors, subcontractors, oil & gas companies, specialized fabricators and manufacturers. For more information about TFG, please visit

“TriWest is pleased to be partnering with another leading Western Canadian business with an established reputation for quality, selection and service,” said Chad Danard, Senior Managing Director, TriWest. “Each location within The Fastener Group is successful in its own right, and we believe this transaction will build on that success through increased collaboration and scale,” added Dave Connolly, Managing Director, TriWest.

Ron Hall, President of Calgary Fasteners & Tools (the founding entity of TFG), commented “We, as owners, are excited about bringing in TriWest as a shareholder, and see this as a catalyst for each of our teams to learn from each other under a common vision. Our 15 locations across Western Canada will now operate cohesively while remaining committed to the highest level of customer service to our local communities.”

Stikeman Elliott LLP and Ernst & Young LLP advised TriWest on this transaction, while Borden Ladner Gervais LLP and Prairie Mountain Partners advised TFG.

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 49 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 about TriWest, please visit

TriWest Capital Partners
Dino DeLuca
Chief Operating Officer
Tel: (403) 817-9665