Current Portfolio Investments

Interior Heavy Equipment Operator SchoolInterior Heavy Equipment Operator School(IHE) is the largest heavy equipment operator school in Western Canada and an industry recognized leader in hands-on heavy equipment training. Student operators are taught a variety skills using excavation and construction equipment that are essential for success in the civil, road building, forestry, mining and oil and gas sectors. The Company is headquartered near Kelowna with school sites located in Innisfail, Alberta and Winfield and Mission, British Columbia.

Headwater has partnered with IHE’s President Mike Hansen to facilitate the exit of another shareholder and to support the continued growth of the business.

Frost FighterFrost Fighter is a leading manufacturer of high- capacity portable heaters sold primarily into the North American equipment rental industry. The Company, located in Winnipeg, Manitoba, has a strong history of designing and manufacturing reliable equipment engineered for demanding applications in harsh environments. Frost Fighter, established in 1965, was originally a division of Industrial Commercial Equipment Manufacturing Ltd., a family owned and operated business. It became a standalone business in late 2011 and will continue to be operated by members of the family's second generation.

Headwater has partnered with the existing owners to help them grow the business.

911 Industrial Response911 Industrial Response is an independent, Canadian-based provider of industrial emergency medical services to remote industrial locations and facilities in Western Canada. The Company provides a premium service with highly trained staff and a fleet of mobile treatment centres and Emergency Transport Vehicles. 911 Industrial operates from its head office in Grande Prairie, Alberta and has an additional location in Dawson Creek, British Columbia.

Headwater has partnered with the existing owners to help them grow the business.

Mormack EquipmentMormak is a distributor of leading aggregate equipment brands and parts and is a fabricator of custom designed, fully portable aggregate plants. Each plant can be fully customized and is engineered and fabricated to meet the unique needs of each of their customers. The Company has three locations. Its head office and fabricating facility is located in Vernon, B.C., there is a large service facility in Calgary, Alberta and an additional smaller facility in Chilliwack, B.C.

Headwater has partnered with management to grow Mormak’s presence across Western Canada.

Precision Mounting TechnologiesPrecision Mounting is a leading manufacturer of custom computer mounts, docking stations and consoles that are primarily used in police cars, fire trucks, ambulances, utility and military vehicles and watercraft. Precision Mounting sells its equipment to an extensive list of institutional and commercial customers in Canada and the United States.

Headwater partnered with Precision Mounting's owner, senior management and an experienced executive to complete the acquisition which allowed the vendor to retire from working full time in the business.

Pumps & PressurePumps & Pressure distributes and services pressure washers, air compressors, truck and car wash systems, hydraulics, and industrial lubrication equipment for a variety of industrial and commercial applications.

Pumps & Pressure was founded in 1984 by Jack Tremain and his family as a small pressure washer service and repair business. It has since grown to operate from nine locations in Western Canada, including Red Deer, Edmonton, Calgary, Grand Prairie, Leduc, Lethbridge, Saskatoon, Brandon and Burnaby. Headwater partnered with Jack and his family to continue growing the business.