Category: News

Krystal Growth Partners (“Krystal”) is pleased to announce that it has completed the acquisition of Huer Foods Inc. (“Huer” or the “Company”), a leading packager and distributor of soft & chewy candy, from the CEO and owner, Ryan Storey. Originally founded in 1986 and based in Langley, BC, Huer’s products are sold in national, regional, and… READ MORE

Krystal Growth Partners (“Krystal”) is pleased to announce that it has acquired a majority interest in Joto Imaging Supplies (“Joto”), partnering with Phil DeSerres, who has joined as President. Phil has over a decade of experience in the art and retail world through his family business, DeSerres Art Store. Founded in 1989, Joto is the… READ MORE

Krystal Growth Partners (“Krystal”) is pleased to announce the sale of Carmanah Technologies Corp. (“Carmanah”), a leader in away-from-intersection solar LED pedestrian and traffic safety technology, to  Vance Street Capital (“Vance Street”) effective April 28th , 2022. Carmanah will join Polara Enterprises in Vance Street’s traffic and pedestrian safety ITS platform. Based in Victoria, BC, Carmanah… READ MORE

Krystal Growth Partners (“Krystal”) is pleased to announce that it has acquired a majority interest in Whistler Contemporary Gallery (“WCG”), partnering with shareholders Kyle Nordman and Steve Wallace. Founded in 1992, WCG represents emerging, mid-career, and established artists in two Whistler, BC gallery locations: Four Seasons Resort Whistler and Hilton Whistler Resort & Spa. With… READ MORE

Krystal Growth Partners (“Krystal”) is pleased to announce the sale of North West Rubber (“NWR”), a leading manufacturer and distributor of recycled and virgin rubber matting and other flooring products, to TorQuest Partners (“TorQuest”). Founded in 1968 and based in Abbotsford, BC, NWR’s products are sold throughout North America into a variety of end markets including the farm,… READ MORE

SAXX Underwear Co. Ltd. (“SAXX”), the innovative Canadian men’s underwear brand, announced that it has received a strategic investment from TZP Group (“TZP”), a multi-strategy private equity firm, through TZP Capital Partners III, L.P. NLS Group Holdings Inc. (“NLS”), led by Krystal Growth Partners which invested in SAXX in April 2010, will retain a significant… READ MORE

Krystal Growth Partners (“Krystal”) is pleased to announce the sale of Smith Cameron Group (“Smith Cameron”) to a US-based strategic buyer on July 2, 2021.  Tom Kramer, who acquired Smith Cameron along with Krystal in 2011, will continue as President under the company’s new ownership. The sale of Smith Cameron to a strategic buyer is… READ MORE

Krystal Growth Partners (“Krystal”) is pleased to announce it has promoted Avery Holland and Brian Lau to the position of Vice President, effective June 30, 2021. “This last year has been an extremely successful one for Krystal and we have much on our plate for the year ahead,” said Terry Holland, Managing Partner of Krystal…. READ MORE

Krystal Growth Partners is pleased to announce the acquisition of Terrace Builders Centre and Terrace Carpet Centre (also known as Your Décor) by its portfolio company, Fraser Valley Building Supplies (“FVBS”). The acquisition of these stores increases FVBS’ store count to 8 within British Columbia. The Terrace Builders Centre store includes a 20,000-sq.-ft. retail area, a… READ MORE

On behalf of the Coast Spas Group’s Board of Directors, we are pleased to announce the appointment of Trent Anderson to the position of President & CEO of Coast Spas Lifestyles. Coast Spas Lifestyles is the retail arm of the Coast Spas Group, retailing the full lineup of Coast Spas as well as a selection… READ MORE