Mosaic Capital

What Mosaic Capital does

Mosaic Capital Corporation is a Calgary-based investment company that owns and operates a diversified portfolio of seven established businesses in niche markets across Western Canada, spanning oil and gas services, industrial services and infrastructure, printing, technology, and real estate. The firm targets acquisitions of businesses generating C$3-10 million per annum of free cash flow with durable competitive advantage in industries with strong long-term prospects, acquiring in partnership with existing owners, employees, and communities while providing strategic, financial, HR, accounting, and legal support and preserving operational autonomy for portfolio management teams.

The company was formed in May 2011 through a C$91.5 million merger of Mosaic Diversified Income Fund and First West Properties Ltd., both previously managed by the same team. In January 2017, Mosaic closed a C$150 million financing with Fairfax Financial Holdings comprising preferred securities, senior secured debentures, and warrants. On August 5, 2021, the company was taken private through a statutory plan of arrangement under which affiliates of Fairfax Financial Holdings and MCC Holdings acquired all outstanding common shares for C$5.50 per share, valuing the consolidated enterprise at approximately C$277.3 million inclusive of debt; common shares and debentures were delisted from the TSX Venture Exchange the same day. Since privatization, Mosaic has continued to deploy capital, with notable recent activity being its participation in Highview Power's £130 million Hunterston (Scotland) and £300 million Carrington (Greater Manchester) funding rounds in November 2025 alongside the UK National Wealth Fund, Centrica, Rio Tinto, Goldman Sachs, and KIRKBI.

The business model centers on long-term equity ownership of cash-generative operating businesses rather than on selling a discrete product or service; Mosaic's revenue mechanics are the aggregate cash flow and EBITDA of its seven underlying operating companies, with no publicly disclosed per-unit pricing, customer pricing tiers, or end-customer segments at the holding-company level.

Name

Mosaic Capital

Legal name

Mosaic Capital Corporation

Website

https://mosaiccapitalcorp.com

Company type

Private

Founded year

2011

Operating status

Acquired

Headcount range

11–50 employees

Short description

Mosaic Capital Corporation is a Calgary-based private investment company that owns a portfolio of seven established cash-generative operating businesses across Western Canada, spanning oil and gas services, industrial services, printing, technology, and real estate.

Ownership category

akta.pro rank

Product category

Private Equity / Investment Holding Company

NAICS

Management of Companies and Enterprises (55111), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)

SIC

Investors, Nec (6799), Non-Operating Establishments (9995)

akta.pro primary industry

Family Office Investment Platforms & Direct Investing (PE/VC/Co-Invest) (FSAAADAH)

Keywords

• Private equity investment
• Mid-market acquisitions
• Portfolio management
• Business succession planning
• Western Canada investing

Headquarters

HQ city

Calgary

HQ country

Canada

HQ region

North America

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Others

Core offering

Mosaic Capital Corporation is a Western Canada-based investment company that acquires and operates a portfolio of established businesses in niche markets. The company targets mid-market companies with $3-10 million in annual free cash flow, providing strategic, financial, human resource, accounting, and legal expertise while allowing acquired management teams operational autonomy. The portfolio spans infrastructure, printing, oil and gas services, technology, and real estate industries.

Product overview

Mosaic Capital Corporation is a Calgary-based investment company that operates as a single unified investment platform rather than a modular product architecture. The company owns a diversified portfolio of seven established businesses across infrastructure, printing, oil and gas services, technology, and real estate industries in Western Canada. Its core offering consists of three interconnected services: the portfolio of established businesses generating sustainable cash flow, investment management targeting mid-market companies with $3-10 million annual free cash flow, and business acquisition services that partner with owners while providing strategic and operational expertise. The company was taken private in August 2021 through a $277.3 million acquisition by Fairfax Financial Holdings and MCC Holdings.

Differentiator

Problem solved

Functional benefit

Products and services

• Portfolio of Established Businesses Diversified portfolio of seven established businesses that generate strong, sustainable cash flow from operations in niche markets, spanning infrastructure, printing, oil and gas services, technology, and real estate industries across Western Canada.
• Investment Management Services Investment management through strategic acquisitions, long-term portfolio ownership, sustained cash flows, and organic portfolio growth in mid-market companies with demonstrated free cash flow of $3-10 million per annum.
• Business Acquisition Services Acquisition of businesses in partnership with owners, employees, and communities, providing strategic, business, financial, human resource, accounting, and legal expertise while allowing acquired management teams operational autonomy.

Quantifiable outcome

• Demonstrated history of growing sustainable cash flow
• +2 more outcomes

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators4 records

Recent moves7 records

Expansion highlights4 records

Direct peers

• Wynnchurch Capital: Mid-market private equity firm focused on acquiring and recapitalizing businesses operating in cyclical, industrial, and niche markets — comparable in holding period orientation and mid-market focus.
• ONCAP (Onex): Onex's ONCAP platform targets lower mid-market Canadian and North American businesses, sharing Mosaic's focus on partnership with founders and long-term value creation.
• Pelican Capital: Western Canada-based private investment firm acquiring controlling stakes in mid-market operating businesses — directly comparable given overlapping geographic and size profile.
• TorQuest Partners: Toronto-based mid-market private equity firm investing in Canadian operating companies across diversified industries, with a long-hold, partnership-oriented approach closely aligned with Mosaic's strategy.
• Novacap: Canadian mid-market private equity firm investing across diversified sectors with a long-term value creation approach — directly comparable in strategy and scale.
• Clairvest Group: Canadian mid-market private equity firm that partners with management teams to acquire and grow businesses with proven cash flow — directly comparable to Mosaic's mid-market, FCF-focused buyout strategy.
• Birch Hill Equity Partners: Canadian mid-market private equity firm with a focus on partnering with management teams — a near-direct peer in size, geography, and acquisition approach to Mosaic Capital.
• Ironbridge Equity Partners: Canadian mid-market private equity firm that invests in owner-operated businesses across multiple sectors — closely aligned with Mosaic's middle-market, management-partnership model.
• Walter Capital Partners: Canadian mid-market private equity firm partnering with entrepreneurs to acquire and grow operating companies — comparable in size, geography and partnership approach.

Others

• Osprey Capital Partners: Canadian mid-market investment banking advisor that served as exclusive financial advisor to MCC Holdings in the C$277.3M Mosaic take-private transaction — an adjacent capital-markets intermediary rather than a direct operating peer.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/mosaic_cap_corp
• LinkedInlinkedin.com/company/mosaic-capital-corporation

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds4 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A11 records

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Mosaic Capital