Walter is a leading provider of consumable surface technology solutions for industrial users.






September 2018 - Present


Wole James

Gietha Murugiah

Walter Surface Technologies Hero

Transaction Summary

ONCAP acquired Walter Surface Technologies (“Walter”), in partnership with the existing management team and founding family, in September 2018.

Business Description

Based in Pointe-Claire, QC, Walter is a leading provider of premium, consumable surface technology solutions for industrial users, including abrasives for cutting, blending, grinding, sanding and finishing metal, as well as safety/PPE, complementary chemicals, tooling, power tools, and weld systems. The Company’s products are sold through independent and national industrial distributors throughout Canada, the United States, Brazil and Mexico, and are supported by Walter’s team of end-user focused sales representatives.

Investment Thesis

ONCAP was attracted to Walter for several reasons, including its: (i) strong premium brand in the Canadian market built over 65 years, (ii) loyal customer base creating pull through demand for Walter products, (iii) highly consumable nature of its products, (iv) entrepreneurial management team, (v) diversification across products, product categories, distribution partners, end-users and end markets, and (vi) numerous organic and inorganic growth opportunities throughout each of its operating geographies and product categories.