TriWest Capital completed the acquisition of a majority stake in Monarch Industries.

TriWest Capital Partners, a private equity firm, completed the acquisition of a majority stake in Monarch Industries, a manufacturer of hydraulic cylinders and custom iron castings, with participation from BDC Capital, BMO Capital Partners and Export Development Canada. Financial terms were not disclosed. "We are excited to partner with Monarch's management team and alongside BDC Capital's Growth Equity Partners, BMO Capital Partners and Export Development Canada. Monarch is a leading Western Canadian business with a dedicated and driven management team committed to manufacturing high-quality, mission-critical products for OEMs. We believe there are significant growth opportunities available to Monarch through the expansion of new and existing customer relationships across the Company's end markets," Jon Spencer, TriWest Managing Director.