Golden Opportunities Announces Investment Keeping WBM Technologies Locally Owned and Operated

October 4, 2022

Golden Opportunities Fund Inc. (“Golden”) is pleased to announce an investment into WBM Technologies LP (“WBM”), in both the Diversified Class A-share and Innovation Class i-share, which was completed in syndication with Westcap MBO III Investment LP (the “MBO III Fund”). Both Golden and the MBO III Fund are managed by fund manager, Westcap Mgt. Ltd. (“Westcap”).

WBM, established on the prairies in 1950, has emerged as one of Canada’s top IT service providers growing from humble roots to what is now a team of over 450 people. The company provides world class technology solutions to a customer community that spans both public and private sectors, including many of Western Canada’s most progressive organizations. Mr. Jamie Schwitzer, Chief Investment Officer of Westcap, states, “We are pleased to invest in WBM and be part of the company’s exciting future given the critically important role that technology is now playing in every organization and industry sector worldwide. The company’s exceptional reputation, customer service and culture has made it a successful leader and community partner in the industry. We look forward to bringing our portfolio partners and stakeholders to support WBM’s continued growth.”

“We couldn’t be more excited about this announcement, which to us represents an important next step in our journey,” states WBM President, JoeAnne Hardy. “It was critically important that we find a partner who shared and respected our values and was committed to seeing us move forward. Empowered by Westcap’s expertise and ability to invest in further growth and success, this investment will continue to support our goal of being the best managed technology services provider in Western Canada.”