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News

NOVACAP ACQUIRES INTEREST IN SPECTRUM HEALTH CARE

July 15, 2019

Toronto, July 15th, 2019 – Novacap, a leading Canadian private equity firm, today announced it is acquiring a majority interest in Spectrum Health Care, a top provider of innovative home health care services in Ontario, investing alongside Spectrum’s existing management team. Spectrum offers a range of client-centred health care solutions which include home care nursing, personal and home support, physiotherapy, foot care and corporate wellness. Their motto “Always with you”, is a testament to their dedication to provide clients with exceptional health services that are personalized, flexible, accountable and reliable. Novacap plans to continue to invest in the company’s growth and help it expand throughout Ontario.  Novacap sees tremendous growth potential in Spectrum and will work with management to strengthen Spectrum’s position as a market leader in Home Care in Ontario. 


Novacap-backed GTI expands into U.S. with Jetco acquisition

May 13, 2019

Montreal, May 13, 2019 – Novacap, one of Canada’s leading private equity firms, is proud to announce that its portfolio company GTI Transport Solutions Inc. (“GTI”), a leading provider of open-deck, specialized and over-dimensional freight services has completed the acquisition of Jetco, a Houston-based transporter offering flatbed, heavy-haul, intermodal, logistics, and specialized loads in the Texas region and across the United States. This acquisition allows GTI to establish a strong operational platform in the United States, which will provide GTI with the ability to further strengthen and widen its offering to its customers throughout North America.

 

Photo courtesy of GTI Group/Dominic Dulude


GTI acquires Precision Specialized, a division of Precision Truck Lines

February 11, 2019

Montreal, February 11, 2018 – GTI Transport Solution Inc (“GTI”), a leading provider of open-deck, specialized and over-dimensional freight services, a Novacap-backed company, announces it is acquiring Precision Specialized Division Inc. (PSD), a division of Precision Truck Lines Inc. Located in Woodbridge, Ontario, PSD is a leader of open-deck and heavy haul transportation in the province. All employee positions at the division, including management roles, will be maintained. GTI plans to invest in the company’s growing operations by expanding into new markets. This will begin with all operations moving to Brantford, Ontario and a unified name change to Precision Specialized Inc (“PSI”).


VERTU CAPITAL AND BDC CAPITAL ACQUIRE FIRMEX FROM NOVACAP

February 06, 2019

TORONTO, FEBRUARY 1, 2019 – Novacap, one of Canada's leading private equity firms, announced the sale of Toronto-based Firmex Inc. (“Firmex”), a global provider of virtual data room (VDR) and secure document sharing solutions, to VERTU Capital and BDC Capital.  Financial terms were not disclosed.




MISTRAS ACQUIRES NOVACAP-BACKED ONSTREAM

December 20, 2018

MONTREAL, DECEMBER 17, 2018 – Novacap, one of Canada's leading private equity firms, announced the sale of Calgary-based Onstream Pipeline Inspection Services Inc. (“Onstream”), a leading North American provider of inline pipeline inspection and data analytics services to MISTRAS Group, Inc. (“MISTRAS”) (NYSE:MG).



Mailhot Industries Inc., is a leading manufacturer of hydraulic cylinders

November 05, 2018

Founded in 1956, Mailhot Industries is a leading manufacturer of hydraulic cylinders using the latest technologies, renowned for the quality, the durability and the technological innovation of its products. The company offers a complete line of hydraulic cylinders, of both single stage and telescopic variety. It operates manufacturing plants in Quebec and Mexico and distribution centers in Edmonton, Alberta and Nashua, USA.


Noble Foods is a manufacturer of nutrition bars

November 05, 2018

Founded in 1999, Noble Foods is a leading manufacturer of all types of nutrition bars (natural, organic, functional, healthy, diet) in North America. Focused on quality, customer satisfaction, speedy execution and innovation, it operates out of its plant located in Montreal, Quebec.