Basin Capital Inc. Launches with $10 Million Manitoba-Focused Commitment, Signaling Prime Opportunity for Western Canadian Private Equity Investors

Manitoba First Fund Anchors Match Funding to Accelerate Acquisition and Growth of Small Businesses in Manitoba

Saskatoon, Saskatchewan – December 08, 2025 – Basin Capital Inc., a Saskatoon-based private equity firm, today announced its official launch with a $10 million capital commitment dedicated to acquiring and scaling high-potential small businesses in Manitoba. This milestone, anchored by a $5 million match funding commitment from the Manitoba First Fund, positions Basin's flagship fund—Basin Asset Management Limited Partnership (BAM LP)—to capitalize on one of the most unique investment climates in decades.

“This launch and our partnership with the Manitoba First Fund underscore the timely opportunity in Western Canada's small business sector," said Rick Wingate, Partner at Basin Capital. "We're unlocking overlooked value through pragmatic capital, targeting scalable businesses lacking succession plans for accelerated growth."

"We're proud to partner with Basin Manitoba LP, bringing scalable capital to Manitoba's economy," said Ken Ross, CEO of Manitoba First Fund. "This partnership brings together proven investment leadership, a focused mandate, and immediate potential to deliver results where it matters most—in Manitoba communities.”

Amid a $1 trillion generational asset transfer and the global shift to a carbon economy, small Western Canadian businesses with de-risked income streams are ripe for reinvigoration. BAM LP targets these opportunities, focusing on companies with revenues below $10 million and EBITDA below $2 million.  Investments made are targeting 15-25% return on investment, before leverage, through consolidation, technology integration, and market expansion in key sectors, including value-added agriculture, industrial, environmental, and technology.

The Manitoba First Fund's commitment will be matched by BAM LP, creating Basin Manitoba Limited Partnership (BAM Manitoba LP) as a dedicated vehicle. This partnership reduces at-risk capital for subscribers while enabling larger acquisitions in Manitoba.

“This is a focused deployment of capital where it matters most,” said Andrew Davidson, Partner at Basin Capital Inc. “With Manitoba First Fund’s support, we’re executing a clear investment strategy—targeting small, scalable businesses in Manitoba that are ready for growth, succession, and long-term value creation.”

About the Basin Capital Group 

Basin Manitoba LP is a dedicated Manitoba-focused sub-fund of Basin Asset Management LP. Both were established by Basin Capital Inc., a Western Canada-based private equity firm focused on acquiring and growing small businesses with strong fundamentals and long-term potential. The firm’s mission is to unlock value through pragmatic capital and partnership-based ownership. For investment opportunities, contact the partners or visit basinassetmanagement.ca.

About the Manitoba First Fund

Manitoba First Fund is a $100 million, provincially funded fund-of-funds established to increase access to venture capital for Manitoba-based businesses by partnering with experienced investment managers that commit to investing in the province. The organization works with fund partners to bring additional capital and expertise to Manitoba companies

Media and Investment Contact

Rick Wingate
Partner
Basin Capital Inc.
Phone: (306) 229-5029
Email: rwingate@basinam.ca

Andrew Davidson
Partner
Basin Capital Inc.
Phone: (306)281-9104
Email: adavidson@basinam.ca

Ken Ross, FCPA FCA
CEO
Manitoba First Fund
Phone: (204) 799-3988
Email: ken.ross@manitobafirstfund.com