BID Group closed an equity investment into the company

Lumber Wrap Dispenser
Photo: Deltech

BID Group Holdings Ltd. (BID) announced the successful closing of an equity investment into the company. According to the announcement, the transaction, led by Highland West Capital (HWCL), brought the institutional investors into the BID team.

Alistair Cook, BID’s CEO, commented:

“We are excited about the additional opportunities that our partnership with HWCL and the Investor Group will provide. The additional capital will allow us to accelerate our turnkey offering and ongoing investments in technology to further support our customers.”

Highland West Capital is based in Vancouver, BC. It is a private equity firm that blends the depth of large fund experience with the flexibility of a family office. HWCL offers a broad array of capital alternatives, including traditional equity and debt structures—as well as strategic, operational and financial support to its management partners.

About BID Group :

The holding is a privately-owned family of companies. It has over 30 years of experience in providing industry solutions for its customers in the wood processing industry. The company integrated BID Construction with its manufacturing companies, including Comact, PHL, Deltech, Miller and McGehee and BID has positioned itself to provide complete turnkey solutions.

Source: Woodbizforum