About
SeaFort Capital
Our History
We are a Canadian investment firm based in Halifax, Nova Scotia. Founded in 2012 by a small group of private investors, including members of the Sobey and McCain families, SeaFort Capital partners with strong management teams to strengthen and grow profitable businesses.
Our Mission
To Build and Protect
We work to establish lasting relationships in the industries we target and we are active at the board level at each of our portfolio companies. This allows us to share our knowledge and experience without being intrusive. By investing in the growth of our companies and the development of their employees, we help build businesses that will endure. Our reputation is incredibly important to us and we work hard to uphold it.
Why Choose SeaFort
Patient Capital
We have permanent capital, which allows us to invest for the long term. We understand that business owners often struggle with succession planning and ownership transition. They care deeply about the people involved in their company and want to deal with investors that share their values. We know that top managers want to work with patient financial partners who will give them operating autonomy while providing the steady support they need to succeed. We are committed to preserving legacies while building genuine partnerships with senior managers
Investment Strategy
Maritime Values. Canadian Focus.
SeaFort Capital is active in all regions of Canada. Our previous investments have included:
Management Buyouts, where SeaFort Capital provides a supporting majority investment.
Growth Financing, where SeaFort Capital makes a majority investment in a business to provide capital necessary to support growth.
Carve-Outs, where SeaFort Capital partners with management to buy a division of a larger business.
Buyouts, where SeaFort Capital assumes full ownership of a business.
Our Criteria
Strategically Positioned
We look for businesses that enjoy a distinct competitive advantage or have an established position in an industry that exhibits barriers to entry. Consolidation opportunities are of particular interest to us.
Established Businesses, Traditional Industries
We look to invest in profitable businesses operating in the following industries: equipment service, manufacturing, distribution and business services.
Size of Investment
We target businesses that have earnings of between $2 million and $15 million, before interest, taxes, depreciation and amortization.
Current Investments
Management Team
Rob
Normandeau
President
Rob co-founded SeaFort in 2012. Prior to that, he served as CEO of a publicly traded investment company. He previously practiced law in the Toronto office of a major New York-based law firm, where he specialized in corporate finance and mergers and acquisitions. Rob was recognized in 2009 as one of Canada’s Top 40 Under 40. He holds a BA (Scholar’s Electives) from Western University, an MBA from the University of Toronto, and a Law degree from the University of Toronto. He is admitted to the practice of law in Ontario, Nova Scotia and New York.
Matthew
Towns
Vice President
Matt joined SeaFort in 2012. He was previously Vice President of Investments at a publicly traded investment company and has worked in equity research at RBC Capital Markets and at Imperial Oil Limited in various roles including treasury, risk management and business development. Matt is a CFA charterholder and holds a bachelor’s degree in Business Administration from Wilfrid Laurier University and an MBA from St. Mary’s University.
Stephen
Denton
Director of Investments
Stephen joined SeaFort in 2012. He was previously Director of Research at a publicly traded investment company and prior to that worked in commercial banking. Stephen is a CFA charterholder and holds a Bachelor of Commerce degree and MBA from Dalhousie University.
Jack
Dallaire
Associate
Jack joined SeaFort in 2019. He previously worked in RBC's Mergers & Acquisitions group and prior to that worked in corporate development for a publicly traded media company. Jack is a CFA charterholder, holds an MBA from Dalhousie University, and a Bachelor of Business Administration from the University of New Brunswick.
Adam
Power
Associate
Adam joined SeaFort in 2019. Prior to that, he served as Vice President, Finance and Tax of a Halifax family office. Previously, he worked in the Calgary office of an international accounting firm advising clients with respect to the tax implications of acquisitions, divestitures, mergers and reorganizations. Adam is a Chartered Accountant, Chartered Professional Accountant and holds a Bachelor of Commerce from Memorial University of Newfoundland.
Sue
Urquhart
Office Manager
Sue joined SeaFort in 2017. She previously worked in the health promotion field, with a specific focus on community mental health engagement and development. Sue holds a Bachelor of Science in Health Promotion from Dalhousie University.
Board of Directors
Scott McCain
Florenceville, NB
President, JSM Capital Corporation
Michael Milligan
Toronto, ON
President, McCain Financial Advisory Services Inc.
Rob Normandeau
Bedford, NS
President, SeaFort Capital Inc.
James Dickson
Halifax, NS
Counsel, Stewart McKelvey
Rob Sobey
Stellarton, NS
Director, Empire Company Limited
Donald Sobey
Stellarton, NS
Chair Emeritus, Empire Company Limited
Director Emeritus, SeaFort Capital Inc.
Maxime St-Pierre
Cheverie, NS
President, Gestion Maxime St-Pierre Inc.
SeaFort Scholarship
SeaFort Capital is committed to investing in the long-term success of its companies and supporting employees and their families.
SeaFort Capital is pleased to announce the establishment of an annual scholarship award. The SeaFort Scholarship will be awarded to the children of SeaFort Capital company full-time employees for study at a Canadian post-secondary institution.
Applications will be accepted until March 31, 2020.
Please contact SeaFort Capital for more information regarding the application process.
In the News
Contact
SeaFort Capital
Please contact us at info@seafortcapital.com if you are aware of an investment opportunity that you think we should explore. We’d love to hear from you.
CIBC Building
701-1809 Barrington Street
Halifax, Nova Scotia
B3J 3K8
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