Castlemain Acquires Grand Basin Group


March, 2017

With five years serving over 100 clients across Canada, Castlemain has increasingly worked with Grand Basin on economic development projects as part of an expanded scope of client services. The decision to acquire Grand Basin recognizes the alignment of values of both companies, and the importance of providing a full suite of services to Castlemain’s Indigenous clients. The timing of the acquisition also fits well with Castlemain’s strategic plan to grow the team, and expand the geographic reach of the company across Canada. This acquisition will ultimately enhance Castlemain’s capacity to support the goals, aspirations, and objectives of Indigenous clients in Canada.

We are pleased to announce the acquisition of Grand Basin Group, and the appointment of Neil Philcox as President of Castlemain. We look forward to the next phase of our growth, working alongside Neil and the rest of the Castlemain team.

With this acquisition comes the exciting appointment of Neil Philcox, co-founder of Grand Basin, as President of Castlemain Group. Neil will oversee business operations, and will be based in Castlemain’s head office in Vancouver, BC. Neil will also join the existing board of directors. Stefan Moores will move to Managing Director (alongside co-founder, Rob McPhee) and will continue to sit on Castlemain’s board of directors, with a focus on leading the expansion of the company’s Lands practice. Stefan will also lead Castlemain’s expansion in Central and Eastern Canada, and he will be based in Toronto.


Grand Basin Group has worked extensively with First Nations on economic development and access to capital strategies. Prior to Grand Basin, Neil worked with and for First Nations on many initiatives, including the Great Bear Rainforest project, and at Coast Opportunity Funds where he worked on the financing of approximately 100 projects. More recently, Neil and his team have worked with First Nations Commercial Fishing Enterprises in their pursuit of business development, financing, and community objectives.

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