SASKATOON, Saskatchewan- May 14, 2025 – Westbridge Capital announced the acquisition of Delta Marine Service, a premier yacht repair and maintenance service provider based in Sidney, British Columbia. The transaction reinforces Westbridge Capital’s commitment to investing in high-quality, founder-led businesses with strong regional market positions and growth potential.
Founded in 1977, Delta Marine Service (“Delta”) operates out of a prime location at Westport Marina in Tsehum Harbour. The company has earned a trusted reputation for its expert technical capabilities, full-service haul-out facilities, and strong client relationships across the Pacific Northwest. Delta’s services include mechanical systems, welding and fabrication, fiberglass and gelcoat work, and major refit projects, serving both recreational and commercial vessels.
“We are excited to partner with Delta and support the next phase of growth,” said Mike Meekins, President and Chief Executive Officer at Westbridge Capital. “The company has built a best-in-class platform under the leadership of Brian Coverley and his management team. We see a clear opportunity to enhance operations, expand regional reach, and invest in talent and infrastructure to meet increasing demand across the maritime sector.”
Upon the close of the transaction, Jason Chupick, General Manager, will assume leadership of Delta’s day-to-day operations, while Brian Coverley, CEO and owner of Delta, will transition to a role on the Board of Directors. “This partnership allows us to accelerate our long-term vision while maintaining the high standards and service-first culture our clients rely on,” said Coverley. “With expanded resources and strategic expertise provided by Westbridge Capital, Delta is well-positioned to scale and evolve in an increasingly sophisticated marketplace.”
About Westbridge Capital Ltd.
Westbridge Capital Ltd. is a Canadian private equity firm that is focused on acquiring stable, profitable businesses with long operating histories and strong management teams. The firm often structures transactions to maintain significant ownership for existing management, ensuring long-term alignment of interests. It partners with management teams to sustain stability, support growth, and enhance operations through its network of experienced professionals. To learn more, visit www.westbridgecapital.ca.
About Westbridge Capital Partners Income Trust
Westbridge Capital Partners Income Trust is a Canadian-domiciled mutual fund trust managed by Westbridge Capital Ltd. The Fund provides high-yield loans to mature operating companies and distributes the associated income to investors through monthly distributions.
