Victoria and Saanich police arrested a 40-year-old Victoria man and simultaneously raided five locations Wednesday, seizing $40,000 in cash and drugs.

The Greater Victoria Emergency Response Team was involved in the midday arrest of the suspect at Finlayson and Douglas streets, while more than 40 officers raided two businesses, two residences and a 33-foot boat.

The months-long investigation included covert surveillance, in which police say they observed the suspect supplying drugs throughout the Capital Region.

Charges were not released as the suspect has yet to formally appear in court.

Another 40-year-old man and three women in their late-20's were also arrested at the residences.

Police hope to seize the boat and numerous vehicles owned by the suspect under the B.C.'s civil forfeiture act.

VicPD Lead investigator Cst. Marty Steen said working with Saanich PD was integral to the case.