November 05, 2019
Novacap, one of Canada's leading private equity firms and Foliot Furniture, a leader in the design and manufacture of quality furnishings for the hospitality and educational housing sectors, announced today their partnership. Novacap has acquired a majority stake in this Quebec-based company, alongside the current management team and the Fonds de solidarité FTQ. Foliot Furniture's mission is to provide exceptional service to its customers while creating a harmonious environment for employees and the surrounding community. Novacap intends to pursue the company's growth and support the management team in its development opportunities.