HFI Pyrotechnics is a global leader in search and rescue and military training products.  HFI services some of the largest militaries and Governments globally, including Canadian DND, US Navy and NATO.  HFI is a critical member of the Canadian Munitions Supply Program, ensuring critical indigenous production capabilities reside in Canada.  CIEL Capital was attracted to HFI’s deeply specialized niche capabilities, unique culture and 150-year track record.

 

CIEL Capital acquired majority ownership in HFI in 2023, supporting succession for the prior owner, and backing the existing management team in a robust plan for growth and transformation.