The construction sector is consolidating at a rapid pace, and this latest deal signals a major push into precast concrete and bridge work across North America. CapWest Group of Companies, the construction arm backed by Onni Group’s investment platform, has officially closed on two Chilliwack-based firms, bringing their specialized capabilities under one roof.
CapWest acquired Pioneer Precast Products and IOTA Construction, expanding its precast concrete manufacturing and bridge construction across Canada and the U.S.
We are excited to welcome Pioneer Precast and IOTA. CapWest's trades alongside Pioneer and IOTA's precast capabilities strengthen how we deliver for clients.”— Brett Latham, Chief Operating Officer, CapWest Group of CompaniesCHILLIWACK, BRITISH COLUMBIA, CANADA, October 14, 2026 /EINPresswire.com/ — The transaction, completed on October 1, 2026, brings together two established players in the regional construction market. Pioneer Precast Products specializes in designing and manufacturing precast concrete for bridge, marine, industrial, and residential projects across both Canada and the United States. Meanwhile, IOTA Construction focuses on designing, building, and installing bridges and precast concrete throughout British Columbia, Alberta, and Washington. Ad Hanna, who previously led these operations, now steps into the role of VP, Precast for CapWest, taking charge of the company’s expanded precast division.
"Having CapWest's backing will let us keep growing the precast business and take on more work across British Columbia and beyond," said Ad Hanna, VP, Precast, CapWest Group of Companies.
"We are excited to welcome Pioneer Precast and IOTA. CapWest's trades alongside Pioneer and IOTA's precast capabilities strengthen how we deliver for clients," said Brett Latham, Chief Operating Officer, CapWest Group of Companies.
For existing clients, the transition is designed to be seamless. Customers can still book a free consultation to get an estimate on their projects, and both Pioneer Precast Products and IOTA Construction will continue to offer the same precast products and service levels they always have. Pioneer Precast Products remains headquartered at 8190 Aitken Road, Chilliwack, BC V2R 4H5, and can be reached at (604) 702-0630. The IOTA Construction office phone is (604) 702-0610. Their websites, pioneerprecast.ca and iotaconstruction.com, remain active for inquiries.
Questions and Answers
Who owns Pioneer Precast Products and IOTA Construction?
CapWest Group of Companies. It acquired Pioneer Precast Products and IOTA Construction on October 1, 2026.
What changes for customers?
Nothing changes for how customers can book a free consultation to get an estimate on their projects. Customers can expect Pioneer Precast Products and IOTA Construction to continue delivering the same precast products and service.
Where does the business operate?
Pioneer Precast Products serves projects in Canada and the United States. IOTA Construction works in British Columbia, Alberta, and Washington from Chilliwack.
Quick facts: Pioneer Precast Products
• Acquirer: CapWest Group of Companies
• Acquired: Pioneer Precast Products
• Business: Precast concrete for bridge, marine, industrial, and residential projects
• History: Over three decades of expertise
• Leadership: Ad Hanna, VP, Precast, CapWest Group of Companies
• Location: 8190 Aitken Rd, Chilliwack, BC V2R 4H5
• Phone: (604) 702-0630
• Website: pioneerprecast.ca
Quick facts: IOTA Construction
• Acquirer: CapWest Group of Companies
• Acquired: IOTA Construction
• Business: Designs, builds, and installs bridges and precast concrete
• Regions: British Columbia, Alberta, and Washington
• Leadership: Ad Hanna, VP, Precast, CapWest Group of Companies
• Location: 8190 Aitken Road, Chilliwack, BC V2R 4H5
• Phone: (604) 702-0610
• Website: iotaconstruction.com
About Pioneer Precast Products
Pioneer Precast Products designs and manufactures precast concrete for bridge, marine, industrial, and residential projects in Canada and the United States. With over three decades of expertise, it sets the standard for premium precast concrete solutions. More at pioneerprecast.ca.
About IOTA Construction
IOTA Construction designs, builds, and installs bridges and precast concrete in British Columbia, Alberta, and Washington. More at iotaconstruction.com.
About Onni Group
For more than 50 years, Onni has been building communities for people to live, work, and play across Los Angeles, Seattle, Chicago, Phoenix, Toronto, and Vancouver. Onni Group has 22,000 homes, owns and manages 11,200 rental apartments, has 19 million square feet of office, retail, and industrial space, and has 28 million square feet in development. More at onni.com.
About Onni Capital
Onni Capital is Onni Group's investment and innovation platform for venture capital, private equity, and technology. It acquires businesses, backs founders, and invests for the long term. More at onni.capital.
About CapWest Group of Companies
CapWest Group of Companies provides General Contractors and Developers with end-to-end solutions and trades for the critical path elements of any project. Founded on more than 35 years of collective professional experience, CapWest provides integrated solutions across excavation and civil works, structural concrete, equipment rental and operations, electrical, drywall and steel stud, metal panel and firestopping, meeting the evolving needs of the construction industry throughout Vancouver and across North America. CapWest Group of Companies is owned by Onni Group. More at capwestbuild.com.
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Ad Hanna on Partnering with Onni
Why it matters: This acquisition consolidates specialized precast and bridge construction expertise under a single, well-capitalized owner, positioning CapWest to take on larger and more complex infrastructure projects across North America. For clients, the deal promises continuity, but for the broader market, it signals that Onni Group is doubling down on vertical integration in the construction supply chain—a move that could reshape competitive dynamics in the region.
