KV Private Equity is pleased to announce that it has acquired the business of Campion Marine (“Campion”) as the fourth investment of KV Private Equity Fund.
Founded in 1974 and located in Kelowna, BC, Campion manufactures a highly desirable range of recreational fiberglass boats that are distributed globally via local dealer partners. Campion is recognized as Canada’s largest independent fiberglass boat builder and has an unparalleled reputation of providing high quality products at an exceptional value.
“Campion provides an exciting entry point into the marine market for us, and is a natural fit with our existing portfolio of investments in the recreational vehicle space” said Jonathan Herman, COO of KV Private Equity. “We were attracted to Campion due to the strength of its brand, loyal dealer network, and the dedication of its long-term employees and ownership group over the last 45 years of operations.”
Brock Elliott, on behalf of the vendors, said, “Campion has been a very meaningful part of our family for two generations, and we are very pleased to have found partners in KV who we trust to carry on this legacy through it’s next stage of growth. The most important thing to me was the new owners of Campion would continue the legacy we’ve spent the past 45 years building,” said Campion president Brock Elliott. I wanted to retire, so we went looking for a suitable purchaser. We had a bunch of interested parties, but in the end we didn’t have to look any farther than KV.”
About KV Private Equity
KV Private Equity Inc. is based in Edmonton, Alberta and invests in lower mid-market operating businesses that are headquartered in Western Canada, with established operations and strong growth potential. We are active partners in the businesses we invest in, with our hands-on involvement allowing us to leverage the financial expertise and extensive business experience of our professional staff and partners.
For more information about Campion Boats visit www.campionboats.com