UpperStage.Capital has acquired Talius, a British Columbia-headquartered cleantech building materials company. Talius has been Canada’s premier supplier of high-end rollshutters and habitat screens for over forty years, and is UpperStage’s first private equity acquisition.
“After 20 years in cleantech and impact venture capital, developing a new hands-on investment model with our 8-person team has been a rewarding challenge,” says UpperStage CEO Keith Gillard. “Talius represents a perfect example of our investment thesis: A bootstrapped company with world-class products, ready to compete globally, and seeking new leadership to rocket to the next level of success.”
Ken Shi, co-founder of the USD5 billion venture capital firm 5Y Capital and one of UpperStage’s earliest supporters, says: “As a successful investor, I share UpperStage’s vision of bringing Canadian companies to the global stage. As soon as I understood UpperStage’s proprietary model, I really wanted to be part of their adventure.”
UpperStage COO Frank Christiaens adds: “I am very excited to step in as Executive Chair of Talius. Talius rollshutters mitigate the severest impact of climate change while Talius Habitat Screens substantially reduce the CO2 footprint of new and existing high rise residential or office buildings. UpperStage is building Talius into the next great Canadian cleantech success story.”
