About Comact
Comact is an Industrial Goods & Manufacturing company based in Vanderhoof (Canada) founded in 1983 by Ike Fehr and Brian Fehr. Forestry solutions, wood supply, and plant construction services are provided. It operates on a IoT-as-a-Service and Professional Services model. Comact has raised $10.47 million across 1 funding round from investors including BDC, Export Development Canada and Highland West Capital. The company has 769 employees. Comact has completed 3 acquisitions, including Equipements YGE, Industrial Cutting Solutions and Smith Sawmill Service. Its chief executive, as recorded, is Brian Fehr. Comact offers products and services including OPER8, Smart Vision, Robotics, and AI-Powered Scanners. Its focus areas include Industrial Goods, Machinery and Wood Processing Equipment. Its legal entity is BID Group.
Company details
Comact is established as a high-tech OEM specializing in wood processing solutions across North America and beyond. The company is focused on providing equipment and technologies that enhance throughput, recovery, and efficiency in sawmills. Various processes such as stem processing, log handling, primary and secondary log breakdown, edging, resawing, and kiln drying are supported. Advanced technologies including AI, IoT, and robotics are integrated to drive industry transformation. Full project services, digital transformation, and aftermarket support are offered to ensure client success in a competitive market with rising costs and shrinking margins.
- Headquarters Vanderhoof, Canada
- Employees 769
- Founders Ike Fehr, Brian Fehr
- SectorsIndustrial Goods & Manufacturing
- Email••••••••
- Phone•••• ••••
- Website bidgroup.ca
- Social LinkedIn
- Legal Name Bid Group
- Annual Revenue$22.06 M (USD)18as on Apr 30, 2023
- Net Profit$1.38 M (USD)13as on Apr 30, 2023
- Total Equity Funding$10.47M (USD)
in 1 rounds
- Latest Funding Round$10.47M (USD), Series A
Jul 2017
- InvestorsBDC
& 3 more
- Employee Count769
- Investments & AcquisitionsEquipements YGE
& 2 more
Products & Services of Comact
Comact offers a comprehensive portfolio of products and services, including OPER8, Smart Vision, Robotics, and AI-Powered Scanners.
Industrial IoT solution built for real-time visibility needs.
Process control system designed for productivity and safety.
Automated systems used for sorting and stacking tasks.
Scanners developed for producing superior-grade boards efficiently.
Funding Insights of Comact
Comact has successfully raised a total of $10.47M through 1 strategic funding round. The most recent funding activity was a Series A round of $10.47 million completed in July 2017. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $10.47M
- Total Rounds 1
- Last Round Series A — $10.47M
- First Round $10.47M
(Jul 2017)
- Investors Count 4
All 1 funding rounds of Comact with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2017 | $10.47M | Series A | – | Highland West Capital |
4 investors in total: 4 institutional.
Investors in Comact
Comact has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include BDC, Export Development Canada and Highland West Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Highland West Capital is operated as a family office. | hwcl.ca | Vancouver, Canada | ||
| roynat.com | ||||
SME loans are provided to support business exports. | 1944 | edc.ca | Ottawa, Canada | |
Commercial banking services for small and medium-sized enterprises are provided. | 1944 | bdc.ca | Montreal, Canada |
Investor details for Comact
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Comact
47 people are tracked at Comact (23 in leadership, 24 in team); the tracked headcount is 769.
| Name | Role | Group |
|---|---|---|
Ike Fehr | Co-Founder | Leadership |
Brian Fehr | Co-Founder & Co-CEO | Leadership |
Sylvain Dionne | Senior Vice President - Sales And Customer Experience | Leadership |
Alistair Cook | President and Chief Executive Officer | Leadership |
Frederic Cote | Senior Vice President Supply Chain & Logistics | Leadership |
Anne-Marie Lévesque | Vice President Business And Product Development | Leadership |
Simon Potvin | President, Wood Processing Division | Leadership |
Rick Wilson | Chief Financial Officer | Leadership |
Maxime Lessard | Vice President Customer Service & Sales | Leadership |
Corin Bowman | Vice President, General Counsel | Leadership |
Adam Infanti | Chief Financial Officer | Leadership |
Lisa Minnie | VP Finance | Leadership |
David Gourde | Senior Vice President Of Engineering | Leadership |
Yvon Hubert | VP Automation | Leadership |
Alex Ouimet | Director, IT Infrastructure And Operations | Leadership |
M.sc Diego Braido F.eng. Pmp, E-Mba Candidate | Director Of Applied Artificial Intelligence | Leadership |
Dominic Robitaille | Director Of Engineering Kiln & Energy Systems At BID Group | Leadership |
Chris Wells | Senior Vice President Business Development | Leadership |
Shelton Coulter | Vice President Of Sales | Leadership |
Laurent Poudrier | Vice President Of Sales USA | Leadership |
27 more people are available in the full profile.
Complete people profiles for Comact
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Comact
Comact has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Equipements YGE, Industrial Cutting Solutions and Smith Sawmill Service.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Provider of business supplies and equipment, specializing in circular saw guide grinders and machining capabilities | ygeonline.com | Saint-raymond, Canada | 1998 | Oct 2023 | •••• | |
Saw blades are manufactured for industrial applications and services. | industrialcuttingsolutions.tcc.mode | 0 | Aug 2023 | •••• | ||
Supplier of saws, knives, and mill supplies for wood industry | sawmill.shop | Timpson, United States | 1990 | Aug 2022 | •••• |
Complete acquisition details for Comact
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of Comact
5 dated milestones of Comact across 40 years, from founding to its latest funding, stage changes and deals.
- Founded Comact is founded.
- Funding First funding round of $10.5M.
- Acquisition Acquires Smith Sawmill Service.
- Acquisition Acquires Industrial Cutting Solutions.
- Acquisition Acquires Equipements YGE.
Top companies in Oil & Gas Equipment & Services
2 companies that operate in the same segment as Comact (Oil & Gas Equipment & Services) in Canada, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Sustainable energy infrastructure is designed, deployed, and serviced globally. | 1980 | Calgary, Alberta, Canada | USD 12.43 M | USD 2.62 B | 4,600 | |
Provider of hydraulic fracturing, coiled tubing, and cementing services | 1999 | Calgary, Alberta, Canada | USD 1.02 B | 2,200 |
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Frequently Asked Questions about Comact
Comact was founded in 1983 and raised its 1st funding round 34 years after it was founded.
Comact is headquartered in Vanderhoof, Canada. It is registered at Vanderhoof, British Columbia, Canada.
Brian Fehr is the CEO of Comact, as recorded in our data. They have also founded this company.
Comact is a funded company, having raised a total of $10.47M across 1 funding round to date. The company's 1st funding round was a Series A of $10.47M, raised on Jul 2017.
Comact has 769 employees.
Annual revenue of Comact is $22.06M as on Apr 30, 2023.
Comact is established as a high-tech OEM specializing in wood processing solutions across North America and beyond. The company is focused on providing equipment and technologies that enhance throughput, recovery, and efficiency in sawmills. Various processes such as stem processing, log handling, primary and secondary log breakdown, edging, resawing, and kiln drying are supported. Advanced technologies including AI, IoT, and robotics are integrated to drive industry transformation. Full project services, digital transformation, and aftermarket support are offered to ensure client success in a competitive market with rising costs and shrinking margins.
Comact offers OPER8, Smart Vision, Robotics, and AI-Powered Scanners.
Comact has made 3 acquisitions, including Equipements YGE, Industrial Cutting Solutions, and Smith Sawmill Service.
Comact has 4 investors. Key investors include BDC, Export Development Canada, Highland West Capital, and Roynat Capital.
Comact operates through Bid Group.