PFM’s Strategic Investment in VAW Systems Boosts Growth for Noise Control Provider
Regina, Saskatchewan- PFM Capital Inc. (“PFM”) is pleased to announce that the Apex IV Investment Fund (“Apex IV”), with support from the Manitoba First Fund (“MFF”), has invested in VAW Systems Ltd. (“VAW”). VAW is a leading provider of engineered noise control solutions for commercial, industrial, and turbine applications headquartered in Winnipeg, Manitoba.
VAW designs, manufactures, and supplies high-performance noise control products for clients across North America and internationally. VAW operates from a modern 108,000 sq. ft. facility that integrates manufacturing, research and development, and warehousing functions. VAW also works with trusted subcontractors to meet increasing demand and maintain its high standards of quality and efficiency.
As part of the transaction, all members of the current senior management team—including Dan Sierens, Stuart Kidd, Glen Agar, and Jason Sierens—will remain in their roles and retain meaningful ownership interests in the business, ensuring continuity and alignment as VAW moves into its next phase of growth.
Ken Ross the CEO of the Manitoba First Fund congratulates PFM and VAW on this exciting partnership: “Manitoba First Fund is proud to have played a critical role in bringing this investment to fruition, supporting a long-standing Manitoba-based business in its journey to further its development and growth. We look forward to seeing VAW continue to grow and excel.”
“This marks a significant milestone for both our team and the continued evolution of our business,” said Dan Sierens, Chief Executive Officer of VAW. “PFM’s investment reflects the strong foundation we’ve built and the dedication our team brings. We are excited to partner with a firm that aligns with our long-term vision and shares our commitment to operational excellence and sustainable growth.”
“We are proud to partner with the team at VAW and look forward to building on an impressive legacy of innovation and excellence,” said Jeff Linner, Chief Investment Officer at PFM Capital. “VAW has carved out a strong position in a highly specialized segment of the industrial sector. Their deep engineering capabilities, scalable operations, and commitment to quality make the business uniquely positioned to capitalize on a growing global demand for noise control solutions.”
About VAW Systems
VAW Systems strives to be the pre-eminent global supplier of engineered noise control products. Our founding principle of integrity is solidly rooted in our business today. VAW was established with a customer focus at the forefront of all our activities. This ensures that our team provides the highest level of customer service, on-time delivery, competitively priced, high-quality and innovative products. Our goal is to always meet or exceed customer expectations; as a supplier to some of the largest companies in the world, VAW’s quality standards meet or exceed their expectations. Our versatility allows us to competitively deliver single-piece orders and large multi-truckload shipments. Each day, we demonstrate how easy we are to deal with, finding solutions and delivering high-quality products. For more information, please visit www.vawsystems.com.
About PFM Capital Inc.
PFM Capital Inc. is Saskatchewan’s largest private equity investment firm with over $850 million in assets under management across several funds. Based in Regina, Saskatchewan, PFM’s niche focus allows investors to benefit from Western Canada’s economic strengths by taking advantage of the firm’s established contact network and long-term track record. PFM is employee-owned and has been managing private equity and venture capital funds since 1993. For more information, please visit www.pfm.ca.
About the Manitoba First Fund
Manitoba First Fund (“MFF”) is a $100 million, provincially funded venture capital organization that began operations in 2023. MFF was established as a fund of funds to partner with existing investment fund managers that commit to investing in Manitoba and bringing additional capital to the market.
For more information, please contact:
Ken Ross FCPA FCA
Chief Executive Officer
Manitoba First Fund
204-799-3988