Alphi Capital Announces Inaugural Investment in Da-Lee Group
Summary
TORONTO, Nov. 6, 2023 /CNW/ - Alphi Capital ("Alphi"), a lower middle market private equity firm based in Toronto, Ontario, announced the recapitalization of the Da-Lee Group ("Da-Lee") in partnership with the founding family, David Rogers and Lee-Ann Lochhead. Based in Stoney Creek, Ontario, Da-Lee provides key infrastructure and environmental services including dust control, winter de-icing, calcium chloride distribution, pavement repair and waste management services to industrial and municipal customers.David Rogers, CEO of Da-Lee, said, "We are thrilled to partner with Alphi and look forward to benefitting from their deep expertise in building businesses and driving value creation. ""With over 50 years of exceptional service delivery, we were impressed both with the quality of the Da-Lee business and the management team who have driven this growth. Alphi brings a programmatic approach to value creation through data analytics, sales force growth, and execution of buy and build strategies.Founded in 1972, Da-Lee provides infrastructure and environmental services. Its infrastructure division provides dust control and winter de-icing solutions for municipal and industrial clients, calcium chloride distribution, cold laid asphalt, and pavement repair products.