INTERPRO TECHNICAL SERVICES LIMITED
SKYWARD EQUITY PARTNERS HAS COMPLETED ITS SECOND ACQUISITION WITH THE PURCHASE OF INTERPRO TECHNICAL SERVICES.
FOR IMMEDIATE RELEASE
Edmonton, Alberta – Skyward Equity Partners (“Skyward”) is pleased to announce its acquisition of Interpro Technical Services (“Interpro”). The transaction, which closed on December 31, 2023, marks the third investment in twelve months from Skyward’s inaugural private equity fund.
Interpro is a leading field maintenance services firm in Western Canada specializing in the maintenance and repair of rotating equipment. Established in 1987, Interpro has carved out a niche as a non-OEM one-stop shop servicing numerous makes, models, and sizes of steam turbines, gas turbines and industrial fans.
Today, Interpro serves major companies in the pulp and paper, oil and gas, and power utility industries across Canada.
“We are very excited to work with the team at Interpro,” said Darren Krissie, Founder and CEO of Skyward. “This is a high barrier to entry business servicing a niche market with significant opportunity to grow. “Over the coming months, we will be working alongside management and staff to help cultivate new opportunities.”
The company’s day-to-day operations will be overseen by Carey Healey, who acquired Interpro in 2010, and will remain in his current role as President/CEO. “We at Interpro are very excited by this acquisition and look forward to our partnership with Skyward and its future portfolio companies,” remarked Mr. Healey. “I am proud to be part of a group with a vision for collaborative growth, and I look forward to working with the Skyward team.”
Skyward is continuing to seek acquisition opportunities in the industrial space throughout Canada.
For more information, please contact Darren Krissie (darren@skywardep.com).
Advisors and Counsel
Raintree Corporate Finance acted as exclusive financial advisor to Skyward. Norton Rose Fulbright acted as legal advisor to Skyward.
About Skyward Equity Partners
Skyward Equity Partners is a private equity fund based in Edmonton, Alberta focused on acquiring niche industrial businesses with EBITDA ranging from $500,000 to $5,000,000. Founded by Darren Krissie, a seasoned business owner with extensive industrial experience, Skyward aims to unlock value by providing resources, scale, and executive support to its portfolio companies. The fund’s mantra, “By Business Owners, For Business Owners,” reflects Skyward’s approach of seeking win-win solutions when working with entrepreneurs who are contemplating a transaction or partnership with Skyward.