Golden Opportunities Fund, a Saskatchewan local investment fund, has announced its recent investment in Degelman Industries, which was completed in syndication with the Westcap MBO II Investment. Both funds are managed by Westcap Mgt.
Regina-based Degelman is recognized for the design and manufacturing of equipment for the agricultural and industrial sectors. Degelman designs manufacture and sells over 50 products across the globe through a network of dealers in Canada, the U.S., Russia, Australia, Germany, Kazakhstan, South Africa, and Ukraine.
Degelman has grown to 269 employees, including a management team that collectively has more than a century of expertise and success and is now part of the ownership group. Degelman’s Regina-based head office of approximately 169,000 square feet of space includes a manufacturing facility, as well as a research and development facility and design team.
Source: Golden Opportunities Fund