CVCA Announces 2018 Private Capital Regional Impact Award Winner
TORONTO--(BUSINESS WIRE)--Nov 13, 2018--The Canadian Venture Capital & Private Equity Association (CVCA) is pleased to announce has won the 2018 Private Capital Regional Impact Award.
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Beth Maliakkal, Chief Financial Officer, Imperial Capital, presents the 2018 Regional Impact Award to Mitch Green, Managing Director, Clairvest Group. (Photo: Business Wire)
First introduced in 2017, the CVCA Private Capital Regional Impact Award is given annually in recognition of a member firm whose investment has positioned their portfolio company to make a meaningful mark within the community and within the broader business ecosystem. Winners of this award are committed to making investments that make an impact—whether it’s fueling job creation, engagement within the community, or hiring diverse talent. To be qualified to win the award, the member firm must have exited the investment.
Clairvest Group, Inc. a Toronto-based private equity firm that selects industries where there is an opportunity to create substantial equity value, takes the 2018 award for its investment partnership with Kitchener-based .
With the help of Clairvest over a four-and-a-half-year partnership, CRS Contractors Rental Supply added 203 jobs to the Canadian economy; an 83% increase in employment.
CRS Contractors Rental Supply engages in the rental of construction equipment and sale of supplies, primarily to building contractors and related trades. In addition to the creation of hundreds of new jobs, the company opened nine additional branches across Ontario.
CRS also increased female representation in leadership through new hires in human resources, safety and marketing.
“CRS is a great example of the Clairvest business model,” said Mitch Green, Managing Director of Clairvest. “We partnered with a terrific group of entrepreneurial shareholders who operate the business at the highest standard of excellence. CRS team members take time to know their communities and have a positive impact on them.”
About the CVCA
We’re how collaboration happens and how innovation and growth thrive.
The CVCA is Canada’s professional association for the venture capital and private equity industry. Our services and support establish a favourable and competitive ecosystem and lay the foundation for greater collaboration, innovation, growth and market intelligence. We strongly advocate for fair and competitive policy to keep our industry energized and future-ready.
From coast to coast, we bring members together; connecting private capital professionals to each other generating meaningful partnerships, enabling connections to foster and knowledge to prosper.
We’re also the nation’s ultimate resource for data on Canadian private capital investments. Please visit: http://www.cvca.ca.
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Jon Jackson, 416-487-0519, ext. 201
Manager, Content and Media
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