Press Releases

Press Releases2020-02-19T19:32:34+00:00

Crown Capital Partners Announces Repayment of Loan by Touchstone Exploration

Crown Capital Partners Announces Repayment of Loan by Touchstone Exploration CALGARY, June 15, 2020 – Crown Capital Partners Inc. (“Crown”) (TSX: CRWN), a capital partner to entrepreneurs and growth businesses, today announced the full repayment by Touchstone Exploration Inc. (“Touchstone”) (TSX: TXP) of a loan managed by Crown. Touchstone is a Calgary-based company engaged in the business of acquiring interests in petroleum and natural gas rights and the exploration, development, production and sale of petroleum and natural gas. Touchstone is currently active in onshore properties located in the Republic of Trinidad and Tobago. In November 2016, Crown Capital Partner [...]

Crown Capital Partners Announces Q1 2020 Financial Results, Strategic Update and Suspension of Dividend

CALGARY, May 5, 2020 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN), a capital partner to entrepreneurs and growth businesses, today announced its financial results for the first quarter ended March 31, 2020. Crown’s complete financial statements and management’s discussion and analysis for Q1 2020 are available on SEDAR at www.sedar.com. Q1 2020 Financial & Operating Highlights Interest revenue was $7.3 million, compared with $8.0 million in Q1 2019. Total revenue increased to $6.4 million, compared with $(4.0) million in Q1 2019 due mainly to a significant decrease in the net loss on investments, from $(13.5) million in Q1 [...]

Crown Capital Reports Voting Results from Annual and Special Meeting of Shareholders

CALGARY, May 5, 2020 – In accordance with Toronto Stock Exchange requirements, Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN), a capital partner to entrepreneurs and growth businesses, announced the voting results from its Annual and Special Meeting of Shareholders held on May 5, 2020. A total of 6,101,341 common shares, representing approximately 64.7% of the Corporation’s issued and outstanding common shares, were voted in connection with the meeting. Shareholders voted in favour of all items of business put forth. The votes for the election of directors are as follows: Motions % of Shares Voted For % of Shares Voted [...]

Notice of Crown Capital Q1 2020 Results Conference Call and Annual and Special Meeting of Shareholders

CALGARY, April 23, 2020 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN), which provides growth capital to successful mid-market companies, today announced the details of its 2020 first quarter financial results conference call, as well as revised details of its Annual and Special Meeting of Shareholders, which are being held on May 5, 2020. Due to COVID-19, Crown has changed the format of its Annual and Special Meeting of Shareholders. The meeting will now be held virtually, via webinar (address below). The Annual and Special Meeting of Shareholders will focus on the formal business as outlined in the [...]

Crown Capital Partners Announces Renewal of Normal Course Issuer Bid

CALGARY, April 8, 2020 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX:CRWN), a capital partner to entrepreneurs and growth businesses, today announced that it has received approval from the Toronto Stock Exchange (the “TSX”) to renew its normal course issuer bid (“NCIB”) for a 12-month period commencing April 13, 2020. The renewed NCIB will follow the current NCIB, which ends on April 9, 2020 and under which Crown purchased 235,509 shares at a volume-weighted average price per share of $7.20 up to April 7, 2020. Under the terms of the renewed NCIB, Crown will have the right to purchase [...]

Crown Partners Fund Completes Term Loan with Centric Health for up to $30 Million

Crown Partners Fund Completes Term Loan with Centric Health for up to $30 Million Centric to acquire Remedy’sRx specialty pharmacy business, creating the largest specialty pharmacy business in Canada CALGARY, March 31, 2020 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN), a capital partner to entrepreneurs and growth businesses, today announced that Crown Partners Fund, an investment fund managed by Crown and in which Crown holds an approximate 39% interest, has completed a term loan of up to $30 million (the “Agreement”) with Centric Health Corporation (“Centric”) (TSX: CHH), a leading provider of pharmacy and other healthcare services to [...]

Crown Partners Fund Completes $5.5 Million Term Loan with Internet Service Provider CCI Wireless

CALGARY, March 27, 2020 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN), a capital partner to entrepreneurs and growth businesses, today announced that Crown Partners Fund, an investment fund managed by Crown and in which Crown holds an approximate 39% interest, has completed a two-year, $5.5 million term loan with CCI Wireless (“CCI”), a wireless internet service provider focused on Western Canada. Headquartered in Calgary, CCI specializes in providing internet connectivity to rural and remote residential clients as well as customized connectivity solutions for First Nations and urban and rural enterprise clients across Western Canada. CCI was founded [...]

Crown Capital Partners Announces Financial Results for Q4 & Full-Year 2019

CALGARY, March 13, 2020 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN), a capital partner to entrepreneurs and growth businesses, today announced its financial results for the fourth quarter and year ended December 31, 2019. Crown’s complete financial statements and management’s discussion and analysis for the three- and 12-month periods ended December 31, 2019 are available on SEDAR at www.sedar.com. 2019 Financial & Operating Highlights Interest revenue increased to $28.3 million, compared with $26.6 million in 2018, due to higher contributions from Crown Partners Fund and Crown Private Credit Fund, as well as initial revenue recognized in Crown Power [...]

Crown Capital Announces Quarterly Dividend of $0.15 Per Share

CALGARY, March 12, 2020 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN), a capital partner to entrepreneurs and growth businesses, today announced that its Board of Directors has declared a dividend of $0.15 per common share, payable on March 27, 2020 to all shareholders of record as of the close of business on March 19, 2020. This dividend is designated by the Company to be an “eligible dividend” pursuant to subsection 89(14) of the Income Tax Act (Canada) and any applicable provincial or territorial legislation pertaining to eligible dividends. Shareholders with questions regarding the tax treatment of dividends should consult with their [...]

Notice of Crown Capital Q4 2019 Results Conference Call

CALGARY, February 27 , 2020 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN), a capital partner to entrepreneurs and growth businesses, today announced it will host a conference call to discuss its 2019 fourth quarter and full-year financial results on March 13, 2020 at 8:30 a.m. EST. The call will be hosted by Chris Johnson, President and Chief Executive Officer, and Michael Overvelde, Chief Financial Officer. Crown will issue its financial results on the morning of March 13, 2020. Q4 2019 CONFERENCE CALL DATE:                                    Friday, March 13, 2020 TIME:                        [...]

Crown Capital Partners Announces Q3 2019 Financial Results

CALGARY, November 7, 2019 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN), a capital partner to entrepreneurs and growth businesses, today announced its financial results for the third quarter of 2019. Crown’s complete financial statements and management’s discussion and analysis for the three and nine months ended September 30, 2019 are available on SEDAR at www.sedar.com. Q3 2019 Financial & Operating Highlights Interest revenue increased to $7.5 million, compared with $7.2 million in Q3 2018, due primarily to revenue of $1.3 million from the repayment of the Canadian Helicopters Limited loan, which offset the impact of a lower average [...]

Crown Capital Partners Increases Rokstad Holdings Corporation Term Loan to $50 Million

CALGARY, November 6, 2019 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN), a capital partner to entrepreneurs and growth businesses, today announced the closing of an additional advance of $15 million to Rokstad Holdings Corporation (“Rokstad”), increasing the total term loan with Rokstad to $50 million. Headquartered in Coquitlam, British Columbia, Rokstad provides power line construction and maintenance services to blue-chip customers across North America. “Rokstad continues to experience very strong top-line growth, driven by the significant need to improve and repair the power grid across North America,” said Chris Johnson, Crown’s President & CEO. “Most notably, the company [...]

Crown Capital Announces Quarterly Dividend of $0.15 Per Share

CALGARY, November 6, 2019 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN), a capital partner to entrepreneurs and growth businesses, today announced that its Board of Directors has declared a dividend of $0.15 per common share, payable on November 29, 2019 to all shareholders of record as of the close of business on November 15, 2019. This dividend is designated by the Company to be an “eligible dividend” pursuant to subsection 89(14) of the Income Tax Act (Canada) and any applicable provincial or territorial legislation pertaining to eligible dividends. Shareholders with questions regarding the tax treatment of dividends should consult with their own tax [...]

Crown Capital Partners Announces Follow-on Investments in Crown Partners Fund

CALGARY, November 1, 2019 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN), a capital partner to entrepreneurs and growth businesses, today announced that Crown Capital Partner Funding, LP (“Crown Partners Fund”), an investment fund managed by Crown, and in which Crown holds a 37% interest, has advanced an additional $12 million to two portfolio companies: A $5 million increase in its loan facility to Touchstone Exploration Inc. (“Touchstone”), from $15 million to $20 million. In November 2016, Crown Partners Fund completed a $15 million, five-year term loan with Touchstone. A $7 million increase in its loan facility to Triple [...]

Notice of Crown Capital Q3 2019 Results Conference Call

CALGARY, October 22, 2019 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN), a capital partner to entrepreneurs and growth businesses, today announced it will host a conference call to discuss its 2019 third quarter financial results on November 7, 2019 at 8:30 a.m. EST. The call will be hosted by Chris Johnson, President and Chief Executive Officer, and Michael Overvelde, Chief Financial Officer. Crown will issue its financial results on the morning of November 7, 2019. Q3 2019 CONFERENCE CALL DATE:                                    Thursday, November 7, 2019 TIME:                                     8:30 a.m. EST DIAL IN NUMBER:                 (416) 764-8688 [...]

Crown Capital Partners Announces Follow-on Investments in Two Portfolio Companies

CALGARY, August 19, 2019 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN), a capital partner to entrepreneurs and growth businesses, today announced that Crown Capital Partner Funding, LP (“Crown Partners Fund”), an investment fund managed by Crown, and in which Crown holds a 37% interest, has advanced an additional $17 million to two portfolio companies: A $10 million, six-month bridge facility to Rokstad Holdings Corporation (Rokstad”), bringing the total outstanding to $35 million. In April 2019, Crown Partners Fund completed a $25 million, five-year term loan with Rokstad. A $7 million increase in the loan facility to DATA Communications [...]

Crown Capital Partners Announces Q2 2019 Financial Results

CALGARY, August 8, 2019 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN), a capital partner to entrepreneurs and growth businesses, today announced its financial results for the second quarter of 2019. Crown’s complete financial statements and management’s discussion and analysis for the three and six months ended June 30, 2019 are available on SEDAR at www.sedar.com. Q2 2019 Financial & Operating Highlights Total revenue increased to $11.0 million, compared with $9.0 million in Q2 2018. The year-over-year change is due mainly to a $4.4 million net change in unrealized gains in fair value of investments that includes an expected [...]

Crown Capital Announces Quarterly Dividend of $0.15 Per Share

CALGARY, August 7, 2019 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN), a capital partner to entrepreneurs and growth businesses, today announced that its Board of Directors has declared a dividend of $0.15 per common share, payable on August 30, 2019 to all shareholders of record as of the close of business on August 16, 2019. This dividend is designated by the Company to be an “eligible dividend” pursuant to subsection 89(14) of the Income Tax Act (Canada) and any applicable provincial or territorial legislation pertaining to eligible dividends. Shareholders with questions regarding the tax treatment of dividends should consult with their own tax [...]

Crown Capital Partners Acts as Agent for Concentra Bank in Senior Loan Facility

CALGARY, July 29, 2019 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN), a capital partner to entrepreneurs and growth businesses, today announced it has entered an agreement with Concentra Bank (“Concentra”) under which Crown will provide investment management services for Concentra’s $20 million investment in a syndicated senior secured credit facility for a holding company controlled by Don Wall. As previously disclosed, Crown announced the repayment of its loan to Canadian Helicopters, of which Don Wall is the sole-owner and President and CEO. “We are pleased to support Concentra on this investment, which leverages our knowledge of a pre-existing [...]

Crown Capital Partners Announces Repayment of Loan by Canadian Helicopters

CALGARY, July 29, 2019 – Crown Capital Partners Inc. (“Crown”) (TSX: CRWN), a capital partner to entrepreneurs and growth businesses, today announced the full repayment by Canadian Helicopters Limited (“Canadian Helicopters”) of an $8 million term loan from Crown Capital Partner Funding, LP (“Crown Partners Fund”). Canadian Helicopters is the largest helicopter transportation services company in Canada with a network of 28 strategically located fixed bases to support operations throughout the country. “Canadian Helicopters has been a solid performer and we wish Don and his team continued success,” said Chris Johnson, President and CEO of Crown. “This was another successful investment for Crown [...]

Crown Capital Partners Acts as Agent for Concentra Bank in Senior Loan Facility

CALGARY, July 29, 2019 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN), a capital partner to entrepreneurs and growth businesses, today announced it has entered an agreement with Concentra Bank (“Concentra”) under which Crown will provide investment management services for Concentra’s $20 million investment in a syndicated senior secured credit facility for a holding company controlled by Don Wall. As previously disclosed, Crown announced the repayment of its loan to Canadian Helicopters, of which Don Wall is the sole-owner and President and CEO. “We are pleased to support Concentra on this investment, which leverages our knowledge of a pre-existing [...]

Notice of Crown Capital Q2 2019 Results Conference Call

CALGARY, July 16, 2019 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN), a capital partner to entrepreneurs and growth businesses, today announced it will host a conference call to discuss its 2019 second quarter financial results on August 8, 2019 at 8:30 a.m. EDT. The call will be hosted by Chris Johnson, President and Chief Executive Officer, and Michael Overvelde, Chief Financial Officer. Crown will issue its financial results on the morning of August 8, 2019. Q2 2019 CONFERENCE CALL DATE:                                      [...]

Crown Capital Partners Announces Acquisition of WireIE

Creates new platform for revenue growth and diversification for Crown Provides WireIE with strengthened financial foundation to expand services and customer base CALGARY, July 15, 2019 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN), a capital partner to entrepreneurs and growth businesses, today announced it has completed a transaction (the “Transaction”) to acquire WireIE Holdings International Inc. (“WireIE”), an Ontario-based network operator that specializes in the deployment and management of carrier-grade data networks across Canada and internationally to underserved communities. Pursuant to the Transaction, Crown has acquired all the debt and equity of WireIE for a nominal amount on [...]

Crown Capital Provides Update on Solo Liquor Holdings Limited

CALGARY, May 28, 2019 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN), a capital partner to entrepreneurs and growth businesses,  previously disclosed that Solo Liquor Holdings Limited and Solo Liquor Stores Ltd. (collectively “Solo”) was placed in receivership on May 1, 2019 by ATB Financial, which provided credit facilities to Solo. Crown Capital Partner Funding, LP (“Crown Partners Fund”) has a $15 million loan outstanding to Solo. Crown is the manager of the fund and has an effective interest of approximately 37% in Crown Partners Fund.  In its financial results for the three months ended March 31, 2019, [...]

Crown Capital Partners Announces Q1 2019 Financial Results

CALGARY, May 7, 2019 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN), a capital partner to entrepreneurs and growth businesses, today announced its financial results for the first quarter ended March 31, 2019. Crown’s complete financial statements and management’s discussion and analysis for the three-month period ended March 31, 2019 are available on SEDAR at www.sedar.com. Q1 2019 Financial & Operating Highlights Interest revenue increased by 43% over the comparable period to $8.0 million due primarily to expansion of the investment portfolio. Fees and other income increased to $1.6 million (Q1 2018 – $0.2 million) including fees earned in [...]

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