News Summary

Dynamic Capital Equipment Finance Ltd. has successfully closed its largest transaction to date, funding the acquisition of Formula Contractors Ltd. by Prince George-based entrepreneur Will Hoban. Formula, a key player in Western Canada’s heavy civil construction industry since the 1970s, will continue to operate under its well-established brand while returning to its roots with the incorporated name Formula Contractors Piling & Bridge Ltd. This acquisition aims to build on Formula’s legacy of quality, reliability, and innovation across infrastructure, energy, and resource sectors. Dynamic Capital’s CEO, Dustin White, emphasized the strategic impact of the deal, highlighting the company’s commitment to supporting entrepreneurs in capital-intensive industries. Will Hoban expressed his admiration for Formula’s founder and his vision for the company’s growth under his leadership.