Westcap Mgt. Ltd., a private equity and venture capital fund manager, has made an investment in 18 Wheels Holdings Limited Partnership through its Westcap MBO III Investment LP, which is Westcap’s third buyout fund focused on succession and growth opportunities in western Canada.
Based in Burnaby, British Columbia, 18 Wheels is a third-party logistics provider that offers warehousing, transportation, co-packing and reverse logistics services. The company’s Vancouver real estate portfolio includes LEED certified, tier one properties and locations that are positioned to transport freight from the Port of Vancouver and other locations across North America. 18 Wheels has expanded its warehouse footprint to include locations in Calgary, Toronto and the northwestern U.S.
“This partnership gives 18 Wheels the ability to continue to expand nationally and across North America,” comments Michael Kotendzhi, 18 Wheels’ COO.