
Jim Probert
CFO
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- Full Name
- Jim Probert
- Title
- Chief Financial Officer
- Firm
- Clearspring Capital Partners
- Firm Type
- Private Equity (Canadian mid-market buyout firm)
- Investment Stage
- Control / majority buyouts, growth and acquisition financings, recapitalizations, going-private and consolidation transactions (mid-market — not seed/angel)
- Check Size
- Firm has deployed ~$600 million across ~19 companies, with transaction experience ranging from ~$10 million to over $1 billion in deal size
- Target Company Profile
- Canadian mid-market companies with at least ~$5 million in EBITDA, strong competitive positions, stable financial track records, and clear growth potential
- Sector Focus
- Sector-agnostic across the mid-market; portfolio skews to manufacturing, healthcare services, infrastructure/telecom, and consumer/distribution
- Geographic Focus
- Canada (exclusive focus)
- Location
- Toronto, Ontario (firm HQ at 333 Bay St, Suite 640); Probert is based in the Greater Toronto Area (Markham, ON)
Background
Jim Probert is the Chief Financial Officer of Clearspring Capital Partners, a Toronto-based private equity firm focused exclusively on Canada's mid-market. He joined the firm in 2013 and is responsible for the firm's finance and accounting function rather than deal origination. Note: while a stub record classified him under "Angel Investors / Seed Round," the evidence indicates he is a finance executive at a control-buyout private equity firm, not a personal angel investor writing seed checks.
Probert is a Chartered Accountant, having earned his CA designation in 1995 during his tenure at PricewaterhouseCoopers LLP. He spent roughly fifteen years at PwC as a senior member of the Private Company Services Group, delivering audit, accounting, tax and advisory services, including acquisitions due diligence for private companies. Before joining Clearspring, he served as Director of Finance at CARGO Cosmetics Corp., where he led financial operations, budgeting, planning and reporting. He holds a B.A. from the University of Toronto (University of Toronto Scarborough).
Clearspring Capital Partners, which operates the cscap.ca domain, is led by Managing Director Lawrence (Larry) Stevenson, with partners including John Veitch and Milap Choksey and senior advisors such as Joseph Shlesinger. The firm reports approximately 29% gross returns and a 3.0x gross multiple of invested capital on fully realized investments, with roughly 20% average annual EBITDA growth across its portfolio companies during ownership.
Investment Thesis & Focus
- Invests in Canadian mid-market companies through control transactions — buyouts, growth financings, going-private deals, industry consolidations, restructurings and recapitalizations (this is a PE mandate, not angel/seed investing)
- Targets companies with at least ~$5 million in EBITDA, resilient financial performance across economic cycles, and defensible competitive positions "with limited exposure to outsourcing, technology disruption, or commodity pricing risks"
- Looks for exceptional, incentive-aligned management teams and businesses that can serve as a "growth platform" for add-on acquisitions or geographic/product-line expansion
- Positions itself as an active partner, not passive capital — begins "value creation planning" before deals close and applies a proprietary ClearPower5™ framework alongside management
- As CFO, Probert's role centers on the firm's financial management, fund reporting, and deal financial diligence rather than sourcing or leading investments
Notable Investments
- Demers Ambulances — leading North American manufacturer of ambulances and emergency medical vehicles
- INNOTEX — Québec-based manufacturer of firefighter turnout gear, rescue gear, hoods and gloves; Clearspring announced a strategic partnership/investment on July 9, 2024
- Regal Confections — Canadian candy distributor (brands include Tootsie Roll, Dubble Bubble, PEZ); acquired October 30, 2020, and later acquired Mondoux Confectionery (July 2024)
- CBI Health — Canadian community healthcare and rehabilitation services provider
- Telecon Infrastructure Group — telecom/network infrastructure services
- AlarmForce — home and business security monitoring
- Tecnic Group, Voyages Traditours, Innotex, and others — part of a portfolio of ~16–19 Canadian companies (~$600M deployed)
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