TRIWEST CAPITAL PARTNERS SELLS BULL MOOSE CAPITAL
Calgary, Alberta – October 2, 2025 — TriWest Capital Partners (“TriWest”) is pleased to announce that it has sold Bull Moose Capital Ltd. (“Bull Moose” or the “Company”) to affiliates of Terramont Infrastructure Partners (“Terramont”).
Since 2004, Bull Moose has been a leader in the Western Canadian natural gas compression rentals, sales, finance, and leasing market, with a focus on high-horsepower assets. Bull Moose currently has a fleet of over 290 compression and power generating assets, totaling over 160,000 horsepower, with assets deployed to customers across Western Canada and the Northern United States. Bull Moose’s extensive inventory and team of highly-experienced professionals allow the Company to deliver the ideal assets for customer applications, providing mission critical, dependable compression equipment. The Company can structure contracts with varying terms, tailoring agreements to meet the unique financing and asset needs of each customer.
“Bull Moose represents a case study for TriWest’s approach to partnership – growing a great, Western Canadian business alongside well-aligned entrepreneurs. We are fortunate to have participated in the meaningful growth which Bull Moose has experienced over the past nine years.” said Chad Danard, Partner at TriWest. “Steve Kolber, Davis Aycock and the rest of the Bull Moose team have executed on numerous strategic initiatives through our hold-period, becoming the largest natural gas compression player in Western Canada and re-positioning the fleet to higher-horsepower assets, meeting customer demand. It was a pleasure to partner with the Bull Moose team and we wish them continued success with Terramont as their new partner.” added Jon Spencer, Partner at TriWest.
Steve Kolber, CEO of Bull Moose commented “We are highly appreciative of the valuable partnership with TriWest over the years, in helping to support the growth of the business through multiple economic cycles. Together we have more than doubled Bull Moose’s fleet, and delivered compression and power generation solutions to customers across Western Canada and the Northern United States in a dependable, safe manner. We are excited to begin our partnership with Terramont and look forward to continued growth in the years ahead.”
Peters & Co. Limited acted as Bull Moose’s financial advisor and legal advice was provided by Burnet, Duckworth & Palmer LLP.
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