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Fort Qu’Appelle, SK — New West Holdings Inc. (NWHI), the parent company of New West Concrete Ltd. (NWC) with existing locations in Fort Qu’Appelle and Indian Head, Saskatchewan, is pleased to announce the acquisition of Crushrite Concrete (2008) Ltd. (Crushrite) based in Moosomin and Esterhazy, Saskatchewan. This strategic acquisition strengthens NWHI’s position in the industry and expands its ability to serve key sectors, including mining, agriculture, construction, industrial and energy.

As part of this transition, Jonathan Robert, President of Crushrite will be joining the NWHI management team as Strategic Advisor. With deep experience and technical expertise in the industry, Jonathan will play a pivotal role in ensuring a seamless integration of the companies and will be a valuable asset to the company’s leadership team.

“We are proud to keep this strong Saskatchewan operation under local ownership and are committed to supplying high-quality products and services to customers across the province,” said Doug Trapp, CEO of NWHI. “This acquisition positions us for continued growth, and we are excited to be expanding our team and operations into this vibrant business area.”

“The Crushrite brand aligns perfectly with our organization’s commitment to safety, quality, and superior service,” added Joel Trapp, President & Chief Operating Officer of NWHI. “Our teams share a passion for customer service, and we are excited to bring these brands together under one strong Saskatchewan company.”

This acquisition marks another milestone in NWHI’s mission to build an innovative company dedicated to serving our customers in the construction industry.

NWHI Announces Investment Partnership with SaskWorks Venture Fund

To support NWHI’s expansion and growth initiatives, including the acquisition of Crushrite, NWHI is also pleased to announce a new investment partnership with SaskWorks Venture Fund Inc. (SaskWorks), a Saskatchewan-based labour-sponsored venture capital corporation that invests in privately held businesses that have a presence in Saskatchewan, across various sectors.

“Partnering with SaskWorks reinforces our commitment to sustainable, locally driven growth,” said Doug Trapp, CEO of NWHI. “Their investment and strategic support will allow us to further accelerate our acquisition strategy, enhance operations, and continue delivering value to the customers and communities we serve.”

“We are excited to support NWHI in the next phase of its growth plan” said Jeff Linner, Chief Investment Officer at PFM Capital Inc., fund manager of SaskWorks. “The leadership team has demonstrated a clear vision and strong operational capability to expand its operations as well as end markets served in Saskatchewan and the prairie region more broadly.”

About New West Holdings Inc.
New West Holdings Inc. (NWHI) is a Saskatchewan-based group of ready-mix concrete companies located in Fort Qu’Appelle, Indian Head, Moosomin & Esterhazy. NWHI is focused on acquiring and growing businesses in the construction materials and services sectors, with a locally based ownership group and a long-term vision for sustainable growth.  NWHI is committed to supporting the industries that build and power the great province of Saskatchewan. For more information, please visit www.nwconcrete.ca

About SaskWorks Venture Fund
SaskWorks Venture Fund Inc. is a Saskatchewan-based retail mutual fund that invests in privately held small and medium-sized businesses primarily operated in Saskatchewan. SaskWorks has a Net Asset Value of over $480 million with over 22,000 Saskatchewan-based shareholders. Since its inception in 2001, SaskWorks has enabled Saskatchewan residents to keep their investment dollars at home while supporting the growth of a diversified portfolio of Saskatchewan-based companies. For more information, please visit www.saskworks.ca

Media Contact:
Joel Trapp
President
New West Holdings Inc.
joel@nwconcrete.ca
306-596-4327

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