Flowing River Capital’s acquisition of defence company Marshall Land Systems marks the largest Indigenous-owned defense company in Canadian history.
Marshall Land Systems’ initial influence comes from British engineering with origins in Cambridge, United Kingdom. The company’s engineers currently work on innovative specialist vehicles and infrastructures, such as bomb disposal vehicles, deployable shelters, and other battlefield-utilized equipment. The acquiring company, Flowing River Capital, is based in Saskatchewan.
Flowing River Capital and Marshall Land Systems held an event in Moncton at their 82,000 sq. ft. production facility following the change in ownership last November.
Flowing River Capital management team (left to right): Tyler Willox, Partner & Co-Founder; Eric Clark, Partner; Cadmus Delorme, Chairperson of the Board; Thomas Benjoe, CEO
The two companies shared their goals of creating jobs, generating long-term economic benefits, as well as hosting opportunities for Indigenous peoples to pursue a career in the field.
“Flowing River Capital’s ownership reflects an Indigenous approach to long-term stewardship and value creation. We are committed to deepening investment in Marshall Land Systems’ people, capacity, and capabilities—while creating lasting economic and social benefits for Indigenous communities. This is more than a business transaction; it is a long-term commitment to strengthening Canada’s sovereignty and advancing Indigenous prosperity,” said Thomas Benjoe – CEO of Flowing River Capital Partners – during his speech at the event.
Thomas Benjoe, CEO of Flowing River Capital, speaking at the event
Gareth Williams, newly appointed CEO of Marshall Land Systems, expressed at the event the company’s commitment to continue to deliver world-class capability, excellence, and readiness to the Canadian Armed Forces and its NATO allies.
Marshall Land Systems’ North America VP Alain Gauthier told the audience at the event that the defense giant remains committed to delivering high quality solutions for some of the most extreme environments on the planet, including capabilities that Canada needs to secure its Arctic and North.
