Wilmington Capital Management Inc.
WCM-B.TO
Toronto Stock Exchange2.30
CAD
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Wilmington Capital Management Inc.
WCM-B.TO
(Toronto Stock Exchange)
Recent
price
2.30
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Wilmington Capital Management Inc. is a Canadian investment company that focuses on alternative asset classes and special situations, investing its own capital alongside partners and co-investors in hard assets and managing those assets through operating platforms. Founded in 1979 and headquartered in Calgary, Alberta, the company historically operated across marinas, real estate, energy and other divisions, with a business model centered on enhancing asset values over the medium to long term. Its core activities include investments in and management of real estate development land and communities; marinas; RV resorts and campgrounds; self-storage; manufactured home communities; and energy-related holdings, as well as related asset management and operating support services. The company’s website says it has increasingly monetized investments to unlock embedded value, simplify the business, repatriate capital to shareholders and evaluate options to improve shareholder liquidity. As of December 31, 2024, Wilmington’s remaining investment was Bay Moorings Partnership, an Ontario real estate development interest tied to the Champlain Shores lakefront community project, which includes 50 home sites and zoning for an 88-unit condominium. The company has previously invested in Maple Leaf Marinas, Real Storage, Parkbridge Lifestyle Communities, Sunchaser RV Resort and Northbridge Capital Partners, reflecting a portfolio oriented toward operating real assets and special situation investments. Recent strategic changes include the sale of its 17% interest in Maple Leaf Marinas Holdings Partnership for $22.0 million in February 2024, the sale of its 16% interest in Sunchaser RV Resorts LP for $4.7 million in November 2024, and the sale of 3.4 acres of Calgary development land for $9.2 million in August 2024. The company also sold its interest in Northbridge Capital Partners at the end of 2023 and continues to seek orderly monetization of direct holdings received from that transaction. In 2025 and 2026, Wilmington undertook a leadership transition, with Chris Killi, Joe Killi and Marc Sardachuk stepping down effective December 31, 2025, and Andrew Cockwell assuming the roles of Chairman and CEO in March 2026. The company reported first-quarter 2026 net income of $2.5 million and second-quarter 2026 net income of $5.6 million, while continuing to provide operational updates tied to its asset monetization strategy and portfolio repositioning.