Fulmer & Company

Fulmer & Company

Yuri Fulmer established his investment vehicle in Vancouver, having transitioned from a single restaurant franchise into an enterprise that now holds 30 Canadian businesses. The firm self-identifies as a family office, though it functions with the buy-and-hold discipline of a permanent-capital acquirer. Killian Foley serves as Managing Director, overseeing portfolio coordination, while Desmond Chun — a former Blackstone Assistant Vice President — runs the equity business. The firm acquires majority stakes in profitable Canadian small and medium-sized enterprises generating over $1 million in annual EBITDA, with enterprise values between $2 million and $25 million. It also takes minority positions in growth-stage companies. Confirmed portfolio companies include Western Restaurant Franchises Inc., which operates a network of quick-service restaurants; BBS Pro Services Inc., one of Western Canada's largest installers of liquor-dispensing systems; and Goodly Foods, a social enterprise that converts surplus produce into food products. The investment perimeter concentrates on Canada, with an administrative presence in Manhattan Beach, California. The firm operates its equity holdings through a small, multidisciplinary team. In May 2025, the firm introduced an Employee Recognition and Reward Program across its major business units. Its long-term operating model contrasts with traditional private equity by employing no predetermined exit horizon. Adjacent vehicles include The Fulmer Foundation, established in 2019 to channel financial and operational support into community health and social issues, with Goodly Foods sitting as a primary social enterprise. Fulmer & Company's architecture couples permanent balance-sheet capital with an on-staff legal and operational team that handles commercial law, franchise law, and human resources in-house. Deputy Managing Director Felicia Chen previously spent over a decade as General Counsel at Mr. Lube Canada, supplying the firm with the legal infrastructure to restructure, acquire, and integrate portfolio companies without external counsel dependence — a deliberate structural advantage for a firm that buys to hold.