Marshall Land Systems acquired by Flowing River Capital Partners

Above: Marshall Land Systems’ production facility, Moncton, New Brunswick.
Courtesy Marshall

The sale – and completion on 21st November 2025 – transfers ownership as part of the Marshall Group’s long-term strategy.

The innovative move blends Canadian ownership with a century of British engineering heritage.  Flowing River Capital, based in Saskatchewan, is an Indigenous-owned and led investment firm that supports economic reconciliation through conventional, results-driven investment practices. From its facilities in the UK, Canada and the Netherlands, Marshall Land Systems designs, develops, delivers and supports robust deployable and platform-integrated capabilities that meet the needs of defence and national security personnel worldwide.

Thomas Benjoe, CEO of Flowing River Capital Partners, said: “As Indigenous business leaders we are bringing our ‘Indigenisation’ playbook into the defence space through this strategic acquisition. We believe in achieving long-term prosperity for our people that starts with building capacity, deepening relationships and adopting our value systems. Marshall Land Systems has a tremendous pedigree, a highly capable workforce and management team and strong opportunities for growth in the strategically important defence market as Canada and its allies focus on national capability and international partnership. 

"This acquisition is a perfect fit, advancing our ambition to build a thriving portfolio of companies, while staying true to our values of community stewardship, sustainability and collaboration. We look forward to working with the team to grow the business.” 

Gareth Williams, CEO of Marshall Land Systems, said: “Flowing River Capital Partners has identified both the tremendous capability of the business and its potential for growth. We share fundamental values, not least the principled commitment to build and grow sustainably for the long term. 

"Marshall Land Systems blends a century of British engineering excellence with our growing presence in Canada as a core player in its defence industrial base, together with an increasing portfolio supporting NATO and its allies. This acquisition positions us to become a global leader in deployable, resilient defence infrastructure and integrated platform solutions. We are tremendously excited at this next chapter in the story of Marshall Land Systems.”