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Focus enters into Equity Partnership with KRG Capital
Partners
October 3, 2005
EDMONTON, ALBERTA-Focus Corporation has entered into an exciting equity
partnership with KRG Capital Partners (KRG), a private equity firm based in
Denver, Colorado.
KRG specializes in acquiring and recapitalizing fast growing, profitable
middle-market companies that are committed to expanding their business and
becoming industry leaders. For Focus, this partnership opens the doors for
significant growth, additional investment potential and more enhanced services
for its clients.
"This partnership will create excellent opportunities for our employees,
shareholders and clients," says John Holmlund, CEO of Focus. "KRG has a proven
track record in equity investments and possesses a wealth of business and
financial expertise that will enable us to pursue new growth opportunities. The
partnership will help us reach our future goals and enhance our ability to
deliver outstanding engineering, geomatics and related services to our clients
throughout Western Canada and beyond."
"Focus is a fast growing, entrepreneurial-based business," explains Charlie
Gwirtsman, Managing Partner of KRG. "It is evident that Focus has a lot of
concern for customers, employees and the community. Since we prefer to partner
with companies that have similar values to ours, we believe Focus is a perfect
fit for KRG. We see tremendous opportunity in Western Canada and feel that
Focus is well positioned within the oil and gas and infrastructure markets."
Following the equity partnership transaction, it will be business as usual at
Focus for its employees and clients. "As in the past, our main focus continues
to be on providing the highest quality of service to clients around the world,"
adds Holmlund. "With this new partnership, we will also be actively considering
our strategy for growth and investigating new opportunities."
Focus will continue to operate under its current brand and the head office will
remain in Edmonton, Alberta with support from 13 branch offices throughout
Alberta, British Columbia and Saskatchewan.
About KRG:
Founded in 1996, KRG is a Denver-based private equity firm that currently has
approximately $1.5 billion in assets under management. KRG specializes in
acquiring and recapitalizing fast growing, profitable middle-market companies.
The firm seeks investment opportunities for its partners where KRG can work in
concert with owners and operating managers who are committed to expanding their
companies and becoming industry leaders. The result is a partnership that
focuses on creating a significantly larger enterprise through a combination of
internal growth and complementary add-on acquisitions. For more information on
KRG Capital Partners, please visit www.krgcapital.com..
About Focus:
Focus Corporation is a multi-disciplinary consulting firm providing a range of
engineering, geomatics, planning and project management services to clients
involved in oil and gas, oil sands, infrastructure, land development and
environmental projects. Clients rely on Focus to deliver world-class technical
solutions that optimize their investments, improve their competitive position
and increase their long-term success. Focus employs over 600 staff in offices
throughout Canada and project offices in selected areas of the world.
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