Westcap to Invest in Canadian Scrap Metal Recycling Business

SEATTLE (Scrap Monster):  Westcap Management announced major investment in Inland Steel Products. The investment was made through a syndication involving Westcap MBO III Investment and Golden Opportunities Fund. The transaction's financial details were not made public.

Westcap's President and CEO, Grant J. Kook, commented on the acquisition, saying, "We are thrilled to help the long-standing, multigenerational company become the leading metal recycling company in Western Canada while staying locally owned and headquartered." Kook added that the strategic investment aligns with Westcap's vision to build great Saskatchewan success stories through partnerships.

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"Inland Steel has partnered with a group that it already knew and trusted," said Matthew Ditlove, president of the company. Additionally, Westcap's business culture fits very nicely with the organization. According to him, the company's robust logistics and infrastructure might serve as a solid basis for its quick future growth.

Inland Steel Products is a prominent Canadian family-owned and operated metal recycling company that was founded in 1967 and has operations throughout Western Canada. Its headquarters are in Saskatoon, Saskatchewan.

With more than $1 billion in assets under management, Westcap is a top manager of venture capital and private equity funds.