January 01, 2025
Capital Canada Limited is pleased to announce that it served as the exclusive financial advisor to SkyNorth Air Ltd. ("SkyNorth Air") in its sale to Northway Aviation, a portfolio company of Westcap Mgt. Ltd. ("Westcap"). This transaction marks the second aviation-related transaction Capital Canada has closed in 2024, reinforcing our position as a leading advisory firm in the aerospace sector.
"It has been a pleasure dealing with Robert and Dev from Capital Canada. Their knowledge about the aviation industry and attention to detail helped make the process flow smoothly."
- Bart Spence and Greg Pssoy, Co-owners of SkyNorth Air
About SkyNorth Air
SkyNorth Air provides fixed-wing air ambulance services, primarily serving northern communities in Manitoba. Operated by a dedicated team of experienced aviation professionals, the company delivers reliable medical transport using its well-maintained fleet and strategically located facilities.
About Northway Aviation
Northway Aviation, established in 1962, is a Canadian airline based at St. Andrews Airport near Winnipeg, Manitoba. The company specializes in scheduled and charter flights, primarily serving First Nations communities in eastern and northeastern Manitoba and western Ontario. Westcap acquired a majority ownership stake in Northway Aviation in 2024, while the management team retained a minority share in the company.
About Westcap Mgt. Ltd.
Westcap is a leading fund manager with a 25+ year history of experience and over $1 billion in assets under management. With a solid track record of expertise providing capital and strategic value to grow companies, Westcap has proven success delivering long-term value for its investors.