Our investments have defined our experience and our approach to partnership. We are proud to have been a part of the continued success of these businesses.
AirSprint
Formed by two experienced pilots, AirSprint pioneered fractional jet ownership in Canada, having started with just one Pilatus C-12 and growing into the largest fractional fleet in Canada. AirSprint today oversees a jet collection of Embraer Legacy 450s, Cessna Citations CJ3+ and Cessna Citations CJ2+, with industry-leading safety standards, exceptional turn-key service and increased flexibility; everything personalized for the Owners’ individual travel needs.
Euclid was attracted to AirSprint for its stable contracted cash flow, high quality customer base and market positioning.
www.airsprint.com
Contact - David Safran
CentriLogic
CentriLogic is a global provider of managed IT solutions, with a comprehensive portfolio of advisory, cloud, application management, and infrastructure services. CentriLogic’s dedication to a client-centric philosophy has earned it the trust of some of the world’s most innovative companies and visionaries. With regional headquarters in Canada, USA, and the United Kingdom, CentriLogic delivers solutions to clients worldwide.
Euclid was attracted to Centrilogic’s recurring contracted revenues from a high-quality and diversified customer base. Euclid’s principals have made a series of investments into Centrilogic, most recently in early 2019 to support a major acquisition to significantly grow the business. Euclid remains a significant investor in Centrilogic and David Safran is a member of the company’s Board of Directors.
www.centrilogic.com
Contact – David Safran
SunVest Solar
Based in Wisconsin and Illinois, SunVest is a leading Midwest solar company that has built a national presence in development, construction, and operation of distributed generation solar energy projects. SunVest has constructed over 80 megawatts of distributed generation and rooftop solar projects. With in-house design, project management and procurement capabilities, SunVest currently has 30 employees and is active in 12 states.
In November 2020, Euclid announced a platform investment in SunVest, including an equity growth investment and $50 million capital commitment. The partnership creates a vertically integrated solar company, including a development pipeline backed by growth capital, initially 20 megawatts of operating and construction-stage solar projects, and $50 million of long-term sponsor equity to expand SunVest’s owned and managed Solar PV Assets to more than 150 megawatts.
www.sunvest.com
Contact - Bram Walters
US Solar Energy Portfolio
In 2018, Euclid partnered with a growing U.S.-based asset manager to acquire a portfolio of solar energy projects located in multiple states in the USA. The projects generate revenue through the sale of energy to various government and commercial offtakers under long-term contracts.
Over the next two years, through additional investment and focus on improving operating performance, generation was increased and the portfolio was successfully refinanced with long-term project financing at a successful return to the investors.
Contact - Bram Walters
Kissner Group
Kissner Group is a market leading North American manufacturer and distributor of bulk rock salt and packaged specialty de-icing products. David Safran joined Kissner as CEO in 2009 and remained as CEO and a significant shareholder until exiting the company in 2016. Under his leadership, Kissner undertook a series of growth initiatives and strategic acquisitions which expanded the company’s footprint across North America, growing the business into one of largest vertically integrated platforms in the sector. David also led Kissner through two major private equity transactions and related financings to support the growth of the company. In 2020, Kissner was acquired by Stone Canyon Industries at a valuation of $2 billion.
www.kissner.com
Contact – David Safran
OneFloral Group
Established in 2010 through the combination of two regional greenhouse businesses in Southern Ontario, OneFloral Group is now one of the largest providers of tailored floral solutions to retail customers in North America, focused on growing and distributing potted plants, fresh cut flowers, bouquets and arrangements, outdoor lawn and garden plants, and vegetable propagation.
Euclid’s principals became involved in OneFloral with its initial formation, then later made a significant investment. Euclid’s interest was eventually acquired by a European private equity investor focused on agriculture, with a successful return on the investment. The OneFloral founders and management team have remained with the business under the new ownership and the business has continued to flourish.
