Investment Approach
 
Business Strengths
 
Growth Strategy


By being proactive in our investments, focused on growth through the acquisition of suitable platform businesses, and continuing to build revenues and earnings within these businesses, WesternOne seeks to achieve significant long-term appreciation in the value of our Units.
  • Attractive Yield – WesternOne Equity pays Unitholders stable and growing cash distributions, providing an annual yield of approximately 15.0%, based on the a price of $4.00.
  • Western Canada Focus – Western Canada has in recent years been the engine for growth for the Canadian economy. Management believes that such trends will continue in the coming years and thus focuses on acquiring businesses that are well positioned to take advantage of the region’s strength and population trends. In addition, WesternOne Equity’s extensive network of relationships and geographic proximity allows it to be the most effective in sourcing new acquisitions and in working with the businesses post-acquisition.
  • Experienced Management Team with Proven Track Record – WesternOne Equity’s management team, directors, trustees and network advisors consist of a group of experienced individuals with strong ties and personal networks in the Western Canadian marketplace. WesternOne Equity leverages their skills and contacts to identify and complete acquisitions through predominantly off-market deals which ensures transactions are completed at a valuation that is accretive to all Unitholders.
  • Solid Initial Platform - Equipment Rental – WesternOne Equity's initial platform acquisition in the equipment rental industry is Production Equipment, an aerial lift equipment rental, sales and service operation in Vancouver, British Columbia. Production Equipment has over 6 years of sustained growth, increasing EBITDA at a compound annual rate of over 29%. The company is a market leader who operates in a fragmented industry ripe for consolidation.

Subsequent subsidiary acquistions in this industry include Old Country Rentals, C&N Rentals, Deerfoot Equipment Rentals, Sure-Fire Propane and Davis Heater Service and On*Site Equipment.

  • Solid Second Platform - Propane Distribution - The acquisition of Sure-Fire Propane and Davis Heater Service created a second platform for propane distribution and sales. We will continue to consolidate propane related companies in the future.
  • New Platform Acquisitions - various industries - WesternOne Equity's goal is to operate in two or three industries by acquiring solid companies with exceptional growth stories, great management and opportunities for consolidation.
  • Scalable Business Model – WesternOne Equity seeks to acquire businesses owned by successful entrepreneurs. Through management’s extensive network of contacts in the Western Canadian marketplace, WesternOne Equity has a wide source of additional acquisition candidates. WesternOne Equity is involved with all major strategic decisions relating to its acquired businesses, but allows each company’s individual management to continue to manage the day-to-day operations.
  • Access to Successful Entrepreneurs – WesternOne Equity provides an opportunity for investors to access a variety of successful, growth oriented businesses which are run by successful entrepreneurs that would normally be available only to private investors. WesternOne Equity will continue to attract new entrepreneurs by offering them the opportunity to monetize some of their wealth and to gain access to growth capital while still maintaining an active role in their business.
  • Dynamic Growth Model – WesternOne Equity has a dynamic growth strategy to increase distributable cash and achieve capital appreciation. This strategy includes:
    • Accretive Acquisitions – WesternOne Equity continues to seek out and acquire new platform businesses at valuations that are accretive to Unitholders
    • Growth Through Acquisitions – Platform businesses will grow through add-on acquisitions of competitors and other complimentary businesses
    • Organic Growth – WesternOne Equity works with its platform acquisitions to build upon their track record of internal growth


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