# Elroy Gust

> Elroy Gust is the founder, President and CEO of Newlook Capital, a Burlington-based private equity firm established in 2013. His documented career includes commercial lending, senior logistics roles and real estate investment. His industrial strategy focuses on recurring technical services, operating partners and businesses across Canada and the United States.

- **Role:** President and CEO at Newlook Capital
- **Organizations:** Newlook Capital, Clear Sky Capital, Private Capital Markets Association of Canada
- **Known for:** Founded Newlook Capital in 2013., Led the firm during the development and 2021 sale of its 2,200-elevator Ontario portfolio., Elected to the PCMA board in 2023.

## Career timeline

- **Before 2013** — Worked as a commercial lender at several banks and later held senior roles at a multinational logistics company.
- **2009-2012** — Served as Senior Vice President at Clear Sky Capital; The Org dates this role from January 2009 to June 2012.
- **2013** — Founded Newlook Capital.
- **2015** — Newlook began building its Ontario elevator maintenance portfolio.
- **2016** — Launched Newlook’s first official fund, as described in his December 2025 interview.
- **2021** — Newlook sold its Ontario elevator maintenance portfolio, covering 2,200 elevators, on May 26.
- **2023** — PCMA named Gust among seven newly elected directors following its February 7 annual meeting.
- **2024** — Newlook announced Fort McKay Landing’s investment in Industrial and Infrastructure Services Fund III.
- **2025** — Participated in Newlook’s November operating partners summit in Birmingham.
- **2026** — Newlook announced US water investment vehicles in August and a Texas plumbing and restoration investment on August 26.

## Achievements

- Founded Newlook Capital in 2013.
- Led the firm during the development and 2021 sale of its 2,200-elevator Ontario portfolio.
- Elected to the PCMA board in 2023.

## Latest updates

- **2026-08** — Newlook announced a strategic equity investment in a Texas plumbing and restoration business; the existing founders would retain a significant ownership stake.
- **2026-08** — Newlook announced Newlook Water Company US LP and Newlook Water Company US II LP, focused on regulated water utilities in the southeastern United States.

## Links

- Website: https://newlookcapital.com/
- LinkedIn: https://www.linkedin.com/in/elroy-gust-b92a365

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Profile page: https://yespress.io/elroy-gust
Published by YesPress — https://yespress.io
Last updated: 2026-10-10