TRIWEST CAPITAL PARTNERS SELLS INTEREST IN PELOTON COMPUTER ENTERPRISES
Calgary, Alberta – February 13, 2026 — TriWest Capital Partners (“TriWest”) is pleased to announce that it has sold its interest in Peloton Computer Enterprises (“Peloton” or the “Company”) as part of a broader recapitalization transaction. The transaction was led by an investment from The Carlyle Group and facilitated liquidity for Peloton’s current institutional investors (TriWest, Silver Lake and HarbourVest).
Since being established in Calgary in 1991, Peloton has grown to become a global software company with operations in all regions of the world. Today, the Peloton Platform empowers energy digital transformation through mobility, automation, and data integration by providing fully integrated well data lifecycle, production data lifecycle and land data management solutions. Over 600 energy clients worldwide rely on Peloton technology to equip their stakeholders with the tools and information necessary to manage, simplify and optimize their operations.
Mick MacBean, Partner, TriWest commented “Glen, the broader Peloton management team and key shareholders have been exceptional partners, and we believe our investment in Peloton exemplifies TriWest’s strategy of partnering with strong entrepreneurs and management teams in our core market of Western Canada.” Duncan Adams, Partner, TriWest added “as TriWest’s first software-as-a-service (“SaaS”) investment, we were fortunate to partner not only with a best-in-class company (Peloton) but also a leading global software and technology investor (Silver Lake) – both of which influenced the development and refinement of TriWest’s framework for investing in the SaaS space.”
Glen Gray, CEO and Co-Founder of Peloton, commented “Over the past nine years, Mick MacBean and the broader TriWest team served as a strong local partner to Peloton. The combination of their strategic guidance and hands-on support has helped accelerate the exciting growth and diversification paths in front of Peloton.”
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