Golden Opportunities Fund Invests In Long-standing Excavating Company: Maxie’s Excavating LP

November 6, 2019

Golden Opportunities Fund is pleased to announce an investment of $8.92 million in the management buyout of Maxie’s Excavating LP (“Maxie’s”).

Founded in 1972, Maxie’s is a long-standing brand in Saskatchewan, headquartered in
Saskatoon, that is well-known with a strong reputation for high-quality work and has grown to be one of the
largest excavating companies in the Province. Maxie’s’ broad services include commercial, industrial and heavy
civil earthwork construction, demolition and land development, aggregate processing and supply, rail services,
emergency responses to environmental spills and snow removal.

As an infrastructure earthworks company, Maxie’s has a fleet of iron that includes over 350 pieces of equipment
that it owns and a team of more than 60 long-standing employees. The company is able to react quickly to
meet the needs of many of the top general contractors, builders and industrial companies in Canada, doing
business in Saskatoon and surrounding area.

Maxie’s’ broad services and focus across multiple industries, including agriculture, potash, infrastructure,
railways, cannabis, asphalt and oil and gas, positions it well for operating results in all cycles of our
Saskatchewan economy.

The management buyout of Maxie’s Excavating was completed in syndication with
Westcap MBO II Investment LP, also managed by Westcap Mgt. Ltd.