# TerraVest Industries

TerraVest Industries is an Asset Manager based in Vegreville, Canada.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Vegreville, Canada
- **Region:** North America
- **Address:** Vegreville, AB, Canada
- **Founded:** 2004
- **Assets under management:** Undisclosed
- **Website:** terravestindustries.com

## Regulatory record

- **Reports private funds:** No

## About

TerraVest Industries launched in 2004 as a single-asset fuel distribution business before shifting into a diversified industrial holding model. CEO Dustin Haw has been the architect of the firm's evolution, building through acquisition rather than organic startup growth. The company went public on the Toronto Stock Exchange and today operates a collection of independent subsidiaries that serve energy, agricultural, and commercial markets across Canada and the United States. The firm's portfolio spans several distinct industrial segments. Home heating and propane tank manufacturing forms a foundational vertical, anchored by businesses like Canadian Pressure Testing and WesTank. The oil and gas processing equipment segment includes companies producing separators, treaters, and produced water tanks under the Tornado and EnviroVault brand names. A third vertical covers commercial real estate and property management, generating recurring rental income. TerraVest typically acquires profitable, cash-flowing businesses with strong regional market positions and retains their existing management teams post-acquisition, a model that prioritizes operational decentralization. The firm has scaled through an active acquisition cadence. Total enterprise value is public-market determined, with the company consistently deploying capital into bolt-on and platform deals. Its subsidiary count has grown to over 20 businesses operating from facilities in Alberta, Saskatchewan, Ontario, and several US states. In May 2024, TerraVest completed the acquisition of Advance Engineered Products, expanding its tank trailer and vacuum truck manufacturing capabilities into Saskatchewan, May 2024). TerraVest's structural differentiator is its hybrid public-company holding model. Unlike private family offices that roll up industrial assets quietly or private equity firms that operate on a fixed fund lifecycle, TerraVest offers permanent equity capital through a listed vehicle. This allows acquired business owners to become shareholders in the larger entity rather than simply cashing out, creating an unusual alignment mechanism that competes directly with family-office and search-fund acquirers for mid-market industrial deals across Western Canada.

## Sectors

- Industrial Tech
- Energy Transition & Renewables
- Real Estate

## People

- Dustin Haw — Chief Executive Officer

## Questions

### What type of entity is TerraVest Industries — a manufacturer, a holding company, or a private equity firm?

TerraVest is a publicly traded industrial holding company listed on the Toronto Stock Exchange. It operates a decentralized portfolio of more than 20 subsidiary businesses that manufacture equipment for energy, agricultural, and commercial end-markets. Unlike a private equity firm, it provides permanent capital and does not operate on a fund-return cycle.

### Which end-markets does TerraVest serve?

The firm's businesses serve three primary end-markets: domestic home heating and propane storage, upstream and midstream oil and gas processing, and commercial property management. Within oil and gas, products include separators, treaters, storage tanks, and process equipment. The home heating vertical manufactures and services propane tanks and related vessels.

### Where are TerraVest's operations located?

TerraVest maintains manufacturing and service facilities across Western Canada, including Alberta, Saskatchewan, and Ontario. Its US subsidiary operations extend the firm's footprint into several American states, supporting both the energy equipment and tank manufacturing segments.

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Last updated: 2026-06-03T20:00:00.000Z

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