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EDMONTON, Alberta — KV Capital today announced the launch of its building products platform company—KV BPGF Holdings LP (“BP Holdings”). Dave Mowat, former President and CEO of ATB Financial, will serve as board chair.
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BP Holdings marks a strategic evolution for KV Capital’s building products portfolio, shaped by broader market demands from builders and developers. The new platform combines what were previously independent companies into a single-source supplier for Western Canadian homebuilders. By streamlining supply for framing, lock-up, finishing, and related services, the platform aims to reduce construction costs and accelerate timelines to meet growing regional housing demand.
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It will also be governed by an independent board of directors chaired by Mowat.
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Mowat is best known for his leadership of ATB Financial, where he served as President and CEO from 2007 to 2018. Under his leadership, ATB’s assets rose from $20.3 billion to $49.6 billion while total operating revenue doubled. Mowat, who has also served as CEO for Vancity Credit Union, currently sits on the boards of directors for Laurentian Bank, TELUS, and the Edmonton Regional Airports Authority.
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“We created BP Holdings to address the biggest pain points of residential homebuilders: speed, certainty, and cost efficiency,” said KV Capital CEO and co-founder Aleem Virani. “Dave’s financial acumen, demonstrated talent for corporate governance, and people skills make him an ideal choice for board chair.”
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“This platform addresses long-standing supply chain challenges faced by homebuilders,” said Mowat. “Throughout my career, I’ve learned that listening closely to customers is the key to understanding their pain points and enabling their success. KV Capital is uniquely positioned in the market to gain those insights and turn them into action through this platform.”
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The platform’s subsidiaries include Nelson Lumber and Benson Cabinetry and Millwork, both of which KV Capital made majority investments in alongside the previous owners and co-investors in 2024 and 2025, respectively. Current activity is underway to strategically grow this portfolio, with the next partnership—a leading Alberta-based manufacturer of windows and doors—expected to be announced in the coming weeks.
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KV Capital welcomes discussions with business owners, intermediaries, and investors regarding additional investment opportunities aligned with the platform’s strategic focus.
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About KV Capital
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KV Capital is a Canadian alternative investment manager with approximately $800 million in assets under management. The company has funded over $2 billion in investments across several different asset classes, including private operating businesses, real estate, and mortgages.
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KV Capital Inc. is a licensed mortgage brokerage in Alberta, Ontario, and British Columbia, and a licensed financing corporation in Saskatchewan (Ontario Licenses #13465 and #13656, Saskatchewan License #514505).
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View source version on businesswire.com:
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Contacts
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BP Holdings partnerships:
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Jonathan Herman
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President, Private Equity
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780.901.7669
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Investor relations:
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Elissa Nys
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Senior Associate, Investor Relations
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587.404.4376
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Media:
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Vanessa Tracy-Roth
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Senior Brand Manager
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780.999.5727
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English (US)