Toronto, Ontario (PRWEB) September 22, 2007
Intrepid Equity Finance Ltd. (http://www.intrepidequity.com) today announced that it has assisted the founders and management of North West Geomatics Ltd. (http://www.nwgeo.com) complete the buy-out of a major shareholder, Telford Services Group Inc.
"We are pleased to have assisted the founders and management of North West regain control of their destiny. The company has significant opportunity for growth and expansion, and this buy-out transaction is a critical first step," said Alkarim Jivraj, Intrepid Founder and Managing Director.
North West specializes in the geomatics business, specifically digital orthophoto and LiDAR acquisition, both as a contract service and for its proprietary database in Western Canada.
"We engaged Intrepid to assist us to raise growth capital, but quickly determined that we needed to first address the issue of corporate ownership. Intrepid took the lead in negotiating the terms of the management buy-out, and together with our legal counsel, helped us to complete the transaction. The process was long and arduous, but in the end, we accomplished our objective - the ability to grow and define the direction of our business" said Fred Welter, CEO of North West.
North West's legal advisor on this transaction was Lawson Lundell LLP.
About intrepid Equity Finance Ltd.
Intrepid Equity Finance Ltd. specializes in advising and investing in growth companies. Our services include raising capital, mergers & acquisitions advice, and business acceleration services. For clients wishing to undertake a business acceleration program, we provide loans of up to $1 million. In addition, Intrepid also makes principal equity investments in client companies on a selective basis. If you'd like information on how Intrepid can assist your company, visit http://www.intrepidequity.com.
About North West Geomatics Ltd.
North West is a leading aerial data acquisition company dedicated to providing high quality aerial mapping and related spatial data services to a variety of public sector and private clients that use aerial imagery.
North West is one of the largest and most advanced contractor for large national, state and federal mapping initiatives in North America offering some of the most technically sophisticated digital sensing and processing techniques currently available.
Valtus Imagery Services is a wholly owned North West subsidiary that distributes North West's proprietary high resolution imagery and LiDAR over the internet.
Intrepid Equity Finance Ltd.
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