On July 4, 2024, TriWest Capital Partners announced its investment in The Fastener Group (TFG), a leading distributor of fasteners, tools, safety gear, and accessories. This transaction, marking TriWest's first investment in Fund VI, involved consolidating 15 TFG locations across Western Canada under a single corporate umbrella with unified ownership. Founded in 1979 in Calgary, Alberta, TFG has grown to become one of Western Canada’s largest fastener and accessory sellers, serving a diverse clientele including commercial builders, contractors, and oil & gas companies.

The consolidation brings together locations in 12 cities from Manitoba to British Columbia, enhancing collaboration and scale. Chad Danard, Senior Managing Director at TriWest, expressed enthusiasm for partnering with a reputable Western Canadian business, while Dave Connolly, Managing Director at TriWest, highlighted the potential for increased success through collaboration. Ron Hall, President of Calgary Fasteners & Tools, the founding entity of TFG, welcomed the partnership with TriWest as a catalyst for growth and enhanced customer service.

Legal and financial advisory for TriWest was provided by Stikeman Elliott LLP and Ernst & Young LLP, respectively, while Borden Ladner Gervais LLP and Prairie Mountain Partners advised TFG.