Douglas J. Rae

Foremost Universal LP manufactures oilfield storage tanks and other oil field equipment. The firm engages in manufacturing of metal tank, fabricated metal product, construction machinery, and mining and oil and gas field machinery. The company is headquartered in Calgary, Canada.

Foremost Income Fund operates as an open-end investment fund, which was established for the purposes of indirectly investing in the operations of several business divisions, operating as limited partnerships and any other subsidiaries, and distributing cash and income to holders of Trust Units. Its business operations are conducted through two subsidiary limited partnerships: Foremost Industries LP and Foremost Universal LP. The Foremost Industries LP business consists of the design, manufacture, sale and servicing of heavy all-terrain vehicles and drilling equipment. The Foremost Universal LP business involves the design, manufacture, sale and service of shop tanks, vessels, field tanks, gas separation units, hydrovac, vacuum trucks and compression equipment. The fund was founded on December 28, 2005 and is headquartered in Calgary, Canada.

Foremost Industries LP manufactures heavy machinery and equipment. It specializes in oil & gas, heavy oil, mining, water well and construction equipment. The firm offers Foremost Energy Equipment and Foremost Mobile Equipment products. It also provides Energy Equipment Parts & Service and Mobile Equipment Parts & Services. The company was founded by Bruce Nodwell and Jack Nodwell in 1965 and is headquartered in Lloydminster, Canada.