CapWest buys Pioneer Precast and IOTA Construction

CapWest Group of Companies, backed by Onni Capital, acquired Pioneer Precast Products and IOTA Construction on Oct. 1, 2026. The deal expands CapWest’s precast concrete and bridge construction footprint across Western Canada and Washington without changing service for current customers.

Why it matters: - The acquisition expands CapWest Group of Companies into more precast concrete manufacturing and bridge construction work across Canada and the U.S. - The combined platform gives CapWest broader reach in bridge, marine, industrial and residential projects. - Existing customers of Pioneer Precast Products and IOTA Construction are told to expect no change in how they book consultations or receive service.

What happened: - CapWest Group of Companies acquired Pioneer Precast Products and IOTA Construction on Oct. 1, 2026. - The deal brings Pioneer Precast’s manufacturing business and IOTA Construction’s bridge and precast installation work under CapWest. - Ad Hanna joins CapWest as vice president of precast and will lead CapWest’s precast work.

The details: - Pioneer Precast Products designs and manufactures precast concrete for bridge, marine, industrial and residential projects in Canada and the United States. - IOTA Construction designs, builds and installs bridges and precast concrete in British Columbia, Alberta and Washington. - Pioneer Precast Products has more than three decades of expertise in precast concrete. - IOTA Construction operates from Chilliwack, British Columbia. - Pioneer Precast Products is located at 8190 Aitken Road, Chilliwack, BC V2R 4H5. - The Pioneer office phone number is (604) 702-0630. - The IOTA Construction office phone number is (604) 702-0610. - Pioneer Precast Products and IOTA Construction list their websites as pioneerprecast.ca and iotaconstruction.com. - Brett Latham, chief operating officer at CapWest Group of Companies, said CapWest’s trades and Pioneer and IOTA’s precast capabilities strengthen how the company delivers for clients.

Between the lines: - The transaction gives CapWest a larger construction platform tied to critical-path infrastructure work. - Onni Capital’s backing signals continued investment in operating businesses that can scale through acquisitions. - The message to customers is continuity, not disruption, which can help preserve relationships during ownership changes.

What's next: - CapWest will move forward with Ad Hanna leading the precast business. - Pioneer Precast Products and IOTA Construction are expected to keep offering the same products and services. - Customers can still book free consultations for project estimates. - CapWest will continue building out its integrated construction and trades platform across North America.