NCA Partners Acquires Warwick Industries and Kent Steel in Partnership with Management

SEATTLE, March 13, 2013 /CNW/ - NCA Partners LLC ("NCA"), a Seattle based private equity firm, is pleased to announce that the majority of the owners of Warwick Industries Ltd. ("Warwick") and Kent Steel Ltd. ("Kent") are partnering with NCA to form Warwick & Kent Holdings Ltd. ("Holdings"), which has acquired both companies from the current ownership group.  NCA has a strong history in Western Canada of buying and building successful companies by partnering with management teams and providing growth capital.  NCA's investors are a group of accredited investors from both Canada and the U.S.

Warwick has enjoyed a long and successful relationship with Kent as a critical vendor, and NCA believes that the combination of the two companies will provide a solid platform for growth.  The owners that remain as senior management will continue to be substantial owners of Holdings.  According to Warwick's President, Randy Tooth, "we are excited about partnering with NCA, whose goals for the company are closely aligned with those of the Warwick management team and employees".  Tooth said that "NCA will provide the company with the necessary growth capital to continue to be the leading provider of custom structures in Western Canada".  Jack Shorrock, President of Kent added "we are happy to be coming together with our long time customer Warwick and are excited that NCA will provide the capital to expand our capabilities to meet all of our customers' needs".

NCA is partnering with Warwick and Kent because of their industry leading position in the steel fabrication and industrial structures market in Western Canada and the companies' high quality products and work force.  NCA wants to make sure that Warwick and Kent will have the financial resources to grow their businesses, both in their current markets as well as certain international markets.

Terms of the transaction were not disclosed.

SOURCE: NCA Partners LLC

For further information:

Bradford Creswell at 206-689-5615.

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NCA Partners LLC

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