The new fund will support the growth of Master Group

Novacap announced today that it has completed the closing of its second major continuation vehicle. Novacap Industries V and the continuation vehicle have acquired a majority interest in the Master Group (Master) from Novacap Industries III and other shareholders. As a result of this transaction, the total capital raised to support the growth of Master is C$1.1 billion..

AGA Benefit Solutions has launched the largest and most ambitious hiring initiative in its 40 years+ history: 20 positions to fill immediately and 10 more during the upcoming weeks.

Deal expands PIPP’s position as North America’s leading provider of Indoor commercial grow racks, greenhouse structures and air circulation systems

CLEVELAND – November 23, 2021 – Accurate Group, a leading provider of technology-driven real estate appraisal, title data, analytics, and e-closing solutions, today announced the acquisition of eMerge Property Solutions, a market leader in supplying broker price opinions (BPOs) and other alternative valuation solutions. The acquisition of eMerge enhances and deepens the company’s nationwide broker network and will allow Accurate Group to further leverage its industry-leading property inspection technology to drive value for all clients.

Two leading providers of indoor and outdoor lighting solutions come together to enhance product offering and expand distribution across North America

MONTRÉAL, Canada, October 26th , 2021 – GroupAssur, a Canadian Managing General Agent ("MGA") specializing in Property and Casualty ("P&C") insurance lines, today announced the acquisition of Eagle Underwriting (“Eagle”), an independent managing agent who has been writing insurance for “Things That Move”, delivering superior products, underwriting expertise, and first class claims service to brokers and their clients in Canada and the United States. Novacap, one of Canada's leading private equity firms who has owned majority interest in GroupAssur since 2020, is pleased to see GroupAssur act on its objectives to enhance its offering and expand its footprint beyond Canadian borders.

MONTREAL, QC – October 21st, 2021, Novacap, a leading North American private equity firm, announced today that it has entered into a definitive agreement to acquire Stratus Networks ("Stratus").  The transaction is expected to close in the last quarter of 2021, following the satisfaction of customary closing conditions, including required regulatory approvals. Headquartered in Peoria, Illinois, Stratus is a leading provider of fiber-optic bandwidth infrastructure services. Founded by Co-CEOs John Petrakis and Kevin Morgan in 1998, Stratus has grown to become a leading data and voice networking services provider for enterprises with a full suite of products including data, cloud and voice solutions.

Novacap, a leading North American private equity firm, today announced that it has successfully closed the first major private equity continuation vehicle in Canada. Novacap’s TMT VI Fund and the continuation vehicle, whose lead investor is the Vintage Funds within Goldman Sachs Asset Management, acquired a controlling interest in Montreal-based Syntax Systems Group Inc. (Syntax) from Novacap TMT IV and Novacap TMT V, along with other shareholders. Credit Suisse assisted in the private offering of the continuation vehicle.

AGA Benefit Solutions, in partnership with Novacap, is pleased to announce the acquisition of PPI Benefits, including its subsidiaries Agile Benefits and BenefitsMyWay. PPI Benefits was a subsidiary of PPI, a leading national insurance marketing organization and subsidiary of iA Financial Group.

MONTREAL, QC, September 30th, 2021 - Novacap, a leading North American private equity firm, today announced the final closing of the firm’s very first fund dedicated entirely to financial services. The fund raised an astounding C$417 million from institutional investors, family offices and high net worth investors.  Trans-Canada Capital, one of the country’s leading investment management firms, acted as the lead investor.