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You are here: Home / News / Canadian Business Growth Fund Invests CDN$15 Million in BC-based Lift Auto Group

Canadian Business Growth Fund Invests CDN$15 Million in BC-based Lift Auto Group

October 5, 2018 By CollisionWeek Editor

First Investment by fund will enable Kelowna-based collision repair shop operator to execute on acquisition strategy.

The Canadian Business Growth Fund (CBGF) announced October 2 that it has invested CDN$15 million ($11.6 million) in the Lift Auto Group. The deal is CBGF’s first investment as part of its mandate to provide long-term, patient, minority capital to ambitious entrepreneurs and their high-growth mid-market Canadian companies.

Lift Auto Group logoLift is a Kelowna-based company and a consolidator of collision repair centers. The company currently has six locations in British Columbia and Alberta and plans to expand its footprint across Western Canada. A portion of CBGF’s

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Filed Under: News Tagged With: British Columbia, Canada, Canadian Business Growth Fund, Lift Auto Group, Private Equity

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