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 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