FOR IMMEDIATE RELEASE: Ottawa, Canada, November 27th, 2023
BalowickCapital proudly announces its latest milestone with the successful acquisition of Rebel Vac Systems (“Rebel”), effective as of November 9th, 2023. A dynamic and innovative company in the hydro-excavation and industrial vacuum truck sector.
Rebel possesses a rich history of excellence, innovation, and success; and this acquisition will unlock further opportunities that will benefit all stakeholders involved. The transition process will be executed with the utmost care to minimize disruption to ongoing operations and will be a collaborative effort between both parties, ensuring a smooth and effective merging of resources. The transaction represents not just an acquisition, but a fusion of values, innovation, and shared vision for growth. Together we will drive the next era of success.
Joining the Board of Directors is Jason Weinberger, Jon Piurko, John Higgins, Shokouh Shafiei; and Curtis Colbary, who has been appointed President & CEO to work closely with Rebel’s existing Management team to ensure a smooth transition and to position the Company for its next phase of growth.
Curtis Colbary, Managing Partner of BalowickCapital, expressed his enthusiasm for the acquisition and opportunity to join the company as their new President and CEO, saying
“As a group we are extremely excited about the opportunities here at Rebel and its future growth potential. Jason and his team have continued to build upon a fantastic legacy, dating back multiple decades and have developed a tremendous company culture; and I am honored to be able to join the Company and continue to learn from their past success.”
BalowickCapital would like to extend its gratitude to its Partners, investors, and Rebel’s Management team for their continued support and trust. The acquisition is a testament to the collective commitment to excellence and continued progress.
About Rebel Vac Systems
Founded in 2000, Rebel Vac Systems is a premier manufacturer of high-end custom-built Code and Non-Code hydro-excavation and industrial vacuum trucks based in Alberta, Canada. Rebel differentiates itself by its well-designed, easy to operate and fully customizable capabilities using only the highest quality components engineered to withstand the most rigorous operations and weather conditions.
About BalowickCapital
BalowickCapital is an entrepreneurial investment fund founded with the ambition to acquire, operate and grow an existing privately held business operating in Canada or the US. We focus on companies and entrepreneurs with stories that connect with us and aim to provide opportunities designed to protect and build upon existing legacies. We’ll invest all our time into the company we acquire and look to work with existing management and teams to bring new energy and experience to day-to-day operations to achieve our collective goals.
For further information about the transaction please contact Curtis Colbary, Managing Partner, Principal of BalowickCapital:
Curtis Colbary, CPA
Managing Partner, Principal
balowickcapital.ca