Clearspring Capital Partners
Private equityToronto · Growth · 18 people tracked
Also known as CLEARSPRING MANAGEMENT INC.
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Investment thesis
Clearspring Capital Partners invests exclusively in Canadian mid-market companies, targeting founder- and management-led businesses with strong competitive positions, stable financial track records, and clear growth potential. The firm combines investment acumen, operational depth, and consulting rigour, drawing on decades of experience building, operating, acquiring, and advising North American businesses. It takes an active role in its portfolio companies, aligning with partners' ambitions and sharing both risks and rewards. Value creation planning begins as soon as a shared investment thesis is agreed with management. The firm applies its proprietary ClearPower5 model—market leadership, focus, ownership alignment, competitive moat, and customer loyalty—and relies heavily on firsthand data gathered from customers, competitors, suppliers, and industry experts to shape strategy and drive growth.
Source: firm website, verified Oct 13, 2026.
Team · 18 people
from the firm's website & curatedLarry joined Clearspring in 2006 as a Managing Director and leads efforts to grow the firm's portfolio companies, serving as board chairman for several investees including Telecon, Traditours and Tecnic. Previously he founded and led Chapters Inc., served as CEO of Pep Boys, founded Bain & Company in Canada, and has sat on numerous major Canadian corporate boards.
John Veitch joined Clearspring Capital Partners in 2013 and has over fifteen years of experience in private equity and M&A, leading portfolio value creation, sourcing and due diligence. He currently leads investments in Telecon, Tecnic and Innotex, previously led realized deals including Demers Ambulance and Logistik Unicorp, and even served as interim CFO at Demers Ambulance. He earlier worked in investment banking at Scotiabank and in audit at Ernst & Young, and holds a Bachelor of Commerce from Queen's University.
Milap Choksey joined Clearspring Capital Partners in 2018 and leads investment sourcing, execution, value creation and portfolio management, serving as a board director and lead asset manager of Regal and Traditours. He has over 20 years of operating, private equity, consulting and M&A experience, including three years as COO of Regal, and previously worked at Canadian Tire Corporation, Bain & Company, Birch Hill Equity Partners and CIBC Capital Markets.
Richard Tong serves as Chief Legal Officer at eCapital Corp. His experience spans the professional and technical services industry, including testing, inspection, certification, engineering, and design firms, with expertise in mergers and acquisitions, corporate governance, corporate law, risk management, litigation, and SEC compliance for public companies. He holds a Juris Doctor from the University of Miami School of Law.
Will Wang joined Clearspring Capital Partners in 2018, working across investment execution and portfolio management, and has been involved in all platform investments since then. He sits on the board of Tecnic and is a board observer at Telecon, Regal, and INNOTEX; he previously worked in investment banking at Scotiabank and in audit at Deloitte, and holds accounting degrees from Penn State and an MBA from Queen's University.
Former President and CEO of Demers Ambulances.
Cassandra Tutelea joined Clearspring in 2026 and works across investment execution and portfolio company management. She previously worked at a Montreal-based mid-market private equity firm where she completed four manufacturing-sector transactions, co-founded a virtual tour startup, and worked in corporate development. She holds a Bachelor of Commerce from McGill University.
Former Premier of Ontario (1985-1990) and past leader of the Ontario Liberal Party, David Peterson is Chairman Emeritus of Cassels Brock & Blackwell and Chancellor Emeritus of the University of Toronto. He has served on numerous public and private boards and held prominent roles in Canadian public policy and constitutional affairs.
Harry Yanowitz joined Clearspring in late 2025 as an Operating Partner, working with portfolio company management teams on operational improvement, growth, and financial strategy after supporting the firm since 2010. He previously served as CFO of Pep Boys, as President/COO/CFO of Chapters Inc., and in interim executive roles at Telecon, and spent over 15 years advising mid-market PE-backed companies as Managing Director at Crosby Brown Advisors.
Jim Probert joined Clearspring Capital Partners in 2013 as CFO. He previously spent four years as Director of Finance at CARGO Cosmetics Corp. and fifteen years at PricewaterhouseCoopers in its Private Company Services Group. He earned his Chartered Accountant designation in 1995 and holds a B.A. from the University of Toronto.
Joe joined Clearspring as a Managing Director in 2003 and now serves as Senior Advisor, sitting on the board of Regal. Before Clearspring he spent 17 years at Bain & Company, including a role as Head of Bain Canada, and holds an MBA from the Richard Ivey School of Business.
Matt Bérubé joined Clearspring in 2023 and is involved in all aspects of the investment process, focusing on the firm's investments in Tecnic, Traditours and INNOTEX where he serves as a Board Observer. He previously worked in the Technology Private Equity group at Investissement Québec and in the Technology group at CDPQ, with over five years of private equity investing experience.
A retired Canadian general who served as Canada's 18th Chief of the Defence Staff, with a background in electrical engineering and a military flying and command career; he now advises Canadian and American defence and security firms.
Sam Chan is Head of Programs at Launch Academy, overseeing program development and advising startups on go-to-market strategy. He previously consulted for Samsung, Microsoft, Intel, Qualcomm, and NBC on developer relations and ran large hackathons.
What they invest in
from 3 of 18 portfolio companiesEnterprise Software ×2Logistics & Supply Chain ×2SaaS ×2Advanced Manufacturing ×1AI & Machine Learning ×1Defense Tech ×1FoodTech ×1Hardware ×1
HQs:United States×2
Investments · 18 tracked
founders shown can be your intro pathCreation Technologies is an electronics manufacturing services (EMS) provider offering design, manufacturing, supply chain, order fulfillment, and aftermarket solutions to OEM customers.
Advanced ManufacturingDefense TechHardwareLogistics & Supply ChainBurnaby
Douglas F. Besse(Director)Geoff Reed(Executive Officer, Director)Bhawnesh Mathur(Executive Officer, Director)Michael Walsh(Executive Officer, Director)Patrick Ciriacks(Director)
BoardArthur Walker(Director)
Co-investorsBirch Hill Equity Partners Management Inc.Lindsay Goldberg
Odeko provides software and operational systems for independent food service businesses to compete with chain restaurants through cost optimization and margin improvement.
Enterprise SoftwareFoodTechLogistics & Supply ChainRetail TechSaaSNew York City, US
James Burkhardt(Founder)inDane Atkinson(CEO)inTom Hore(Chief Product Officer)inStephen Mar(Chief Legal & Administrative Officer)inTodd Sunsted(Executive Officer)Bernar Bekirov(Executive Officer)in
Co-investorsAlumni VenturesB Capital GroupB4 CapitalBoxGroupEmles Venture PartnersFirst Round Capital+29 more
TransPerfect provides language services and translation solutions to global organizations across multiple industries.
AI & Machine LearningEnterprise SoftwareMarketing TechSaaSSector AgnosticNew York, US
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
AlarmForceCBI Health GroupCEI Health GroupDemers AmbulancesDMEDynacare KasperHomewoodInnotexLogistikMaxxamMedical PharmaciesMini-SkoolRegalTecnicTraditours
Frequently asked questions
- How many investments has Clearspring Capital Partners made?
- Clearspring Capital Partners has 18 tracked investments.
- What stage does Clearspring Capital Partners invest at?
- Clearspring Capital Partners invests at the Growth stage.
- What sectors does Clearspring Capital Partners focus on?
- Clearspring Capital Partners focuses on Advanced Manufacturing, Healthtech, Sector Agnostic.
- Where is Clearspring Capital Partners located?
- Clearspring Capital Partners is headquartered in Toronto, CA.
- Does Clearspring Capital Partners lead rounds?
- Yes, Clearspring Capital Partners leads investment rounds.
- Who does Clearspring Capital Partners co-invest with?
- Clearspring Capital Partners most often shares deals with OMERS Private Equity Inc., Birch Hill Equity Partners Management Inc., Lindsay Goldberg, among 3 tracked co-investors.
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