Baker Tilly advises Benson on partnership with KV Capital

Victoria, BC – Baker Tilly is pleased to announce a strategic partnership between Benson Cabinetry & Millwork Ltd. (Benson) and KV Capital Inc. (KV). The transaction closed April 1, 2025, with Baker Tilly serving as exclusive financial advisor to Benson.

Based in Victoria, Benson is a privately owned leader in cabinetry manufacturing, specializing in multi-unit high-rise construction projects. Owned and operated by Tim and Natalie Benson, the company is known for its strong focus on customer service and employee culture. With locations in both Victoria and Vancouver, Benson services most of British Columbia.

With deep ties in the Alberta market and beyond, KV’s partnership will enable Benson to broaden its Canadian reach and expand its offerings. Likewise, this partnership further solidifies KV’s diverse portfolio of building material companies and real estate debt and equity holdings.

“Tim and Natalie are true entrepreneurs with a focus on growth, coupled with a commitment to exceeding expectations for their staff and customers,” explains Kevin Shaw, Baker Tilly Canada Capital Cooperation’s president and managing director. “Their emphasis on world-class quality while empowering their team has defined their stellar reputation. We are proud to have guided them through this complex and transformative transaction, positioning Benson for its next phase of growth and evolution with KV.”

Tim Benson, the company’s president, adds, “This is a significant step for us. We have secured a partner who not only has thorough knowledge of our business, but the entire homebuilding sector. KV will help deepen our capital base and bolster our management capabilities. Along with enabling us to expand further, this partnership is key to maintaining - and even improving - the quality and service for which we are known.”

Echoing Tim Benson, Aleem Virani, CEO of KV, notes, “Benson is a crucial enabler for the continuing growth of Canada’s housing industry. We are proud to have them as a partner and look forward to working with Tim and Natalie and their colleagues in an all-Canadian collaboration to build much-needed new homes that are practical, comfortable and beautifully fitted out.”

Founded in 2006 and based in Edmonton, KV is a Canadian alternative investment manager with approximately $700 million in assets under management. The firm has funded more than $1.8 billion in investments across several different asset classes, including private operating businesses, real estate equity and real estate debt.

Henley & Straub LLP served as the legal representative to Benson for this transaction.