#803, 5920 Macleod Trail SW

Calgary, AB T2H 0K2

Tel: 587.887.1527
FOR IMMEDIATE RELEASE, ATTENTION INVESTMENT EDITORS
Equicapita Announces Acquisition of A&R Metal Industries Ltd.
Calgary, Alberta January 5, 2015 Equicapita Income Trust and Equicapita Income LP (collectively
Equicapita or the Fund) are pleased to announce the acquisition of a 100% equity ownership of A&R
Metal Industries Ltd. (A&R) by an affiliate of the Fund.
Established in 1969, Richmond, B.C. based A&R is a leading manufacturer of
high quality metal parts. Working from a 70,000+ square foot facility, A&R
currently supplies the North American Class 8 truck market with a variety of
custom trim parts, as well as other speciality manufactured parts for a
number of industries, including automotive, commercial and agricultural
applications.
We are extremely pleased to have successfully completed the acquisition of A&R Metal Industries Ltd.
said co-founder, Greg Tooth. A&R provides us with an excellent opportunity to continue to execute on
our investment strategy. A&R is a well-established Western Canadian business with over 40 years of
operating history, in a very stable industry. A&R has a long-dated history of consistent profitability and
cash flows, strong customer and supplier relationships and, perhaps most importantly, is led by a highly
experienced and capable management team. These factors represent cornerstones of our investment
strategy. We are very excited to be the new owners of A&R Metal Industries and look forward to
working with the existing management team and employees to provide the highest quality products to
our customers.
The A&R transaction closed on December 31, 2014. Equicapita retained Burstall Winger Zammit (BWZ)
and BDO Canada LLP (BDO) as advisors. BWZ provided legal and tax due diligence and structuring
support and BDO provided tax and financial due diligence support.
About Equicapita
Founded in 2013, Equicapita is a private company buyout fund based in Calgary, Alberta focused on
acquiring private, Western Canadian businesses with enterprise values ranging from $5 million to $20
million. This investment represents Equicapitas third portfolio company investment.
For more information please contact:
Greg Tooth - Director
Tel: 587.887-1527
E-mail: gtooth@equicapita.com

Forward looking information

This news release may contain certain information that is forward looking and, by its nature, such
forward-looking information is subject to important risks and uncertainties. The words "anticipate,"
"expect," "may," "should" "estimate," "project," "outlook," "forecast" or other similar words are used to
identify such forward looking information. Those forward-looking statements herein made by
Equicapita, if any, reflect Equicapita's beliefs and assumptions based on information available at the
time the statements were made. Actual results or events may differ from those anticipated or predicted
in these forward-looking statements, and the differences may be material. Factors which could cause
actual results or events to differ materially from current expectations include, among other things: risks
associated with the ownership and operation of businesses, including fluctuations in interest rates;
general economic conditions; supply and demand for businesses; competition for available businesses;
changes in legislation and the regulatory environment; and international trade and global political
conditions. Readers are cautioned not to place undue reliance on any forward-looking information
contained in this news release (if any), which is given as of the date it is expressed herein. Equicapita
undertakes no obligation to update publicly or revise any forward-looking information, whether as a
result of new information, future events or otherwise.