CPE News (6.28.2024) – Weathervane Investment Corp. has invested in Smartrend Manufacturing Group Inc. (SMG) Financial terms were not disclosed.
Led by founder Kevin Smith and wife Cam Quan-Smith, Winnipeg, Manitoba based Smartrend Manufacturing Group is a renowned manufacturer of safety technology, electric vehicle components, and distributor of customer-specific engineered components. With a strong track record in precision engineering and production, SMG has positioned itself as a key player in the manufacturing sector.
Weathervane’s investment will provide SMG necessary capital to help accelerate its expansion plans and new product development efforts. This partnership will leverage Weathervane’s capital and entrepreneurial expertise alongside SMG’s manufacturing prowess and global supply chain relationships.
Led by Partners, Kellie Manchester, Matt Wubs, and Geoff McKay, Weathervane is a Vancouver based private equity fund, focusing on building high-growth partnerships with entrepreneurial businesses.
photo credit: Smartrend Manufacturing Group
News Release
Weathervane Investments Announces Strategic Partnership with Smartrend Manufacturing Group Inc.
Vancouver, BC – June 24, 2024 – Weathervane Investment Corp (“Weathervane”) is excited to announce its strategic partnership with Smartrend Manufacturing Group Inc. (“SMG”). This collaboration is built on a shared vision of long-term growth and aims to drive innovation, expand market reach, and create sustainable value in the manufacturing sector.
Headquartered in Winnipeg, SMG is a renowned manufacturer of safety technology, electric vehicle components, and distributor of customer-specific engineered components. With a strong track record in precision engineering and production, SMG has positioned itself as a key player in the manufacturing sector.
Weathervane’s investment in SMG will provide the necessary capital to help accelerate its expansion plans and new product development efforts. This partnership will leverage Weathervane’s capital and entrepreneurial expertise alongside SMG’s manufacturing prowess and global supply chain relationships.
Kevin Smith, CEO of SMG, expressed his enthusiasm for the collaboration, stating, “Weathervane’s investment will help fuel our expansion plans and accelerate our R&D efforts. We look forward to a successful collaboration.”
Matt Wubs, Partner at Weathervane, shared his excitement about the partnership, saying, “We are thrilled to partner with SMG. Their reputation for innovation and excellence in the safety products industry and engineered solutions aligns perfectly with our investment philosophy. Together, we will unlock new opportunities and drive growth.”
About Smartrend Manufacturing Group Inc.
SMG is a leading manufacturing company known for its cutting-edge technology and commitment to quality. With a strong track record in precision engineering and production, SMG has positioned itself as a key player in the manufacturing sector. For more information about SMG, visit smartrendmfg.com
About Weathervane Investments
Weathervane Investments, a Vancouver-based private equity fund, focuses on building high-growth partnerships with entrepreneurial businesses. The founding partners of Weathervane bring operational, transaction, and investing expertise to the platform, intending to leverage those skillsets to support businesses looking to reach the next level of growth. For more information about Weathervane Investments, please visit weathervaneinvestments.ca.