Nouvelles et évènements

News

PIPP Horticulture Acquires Vertical Air Solutions

December 15, 2020

This acquisition solidifies Pipp’s position as the preeminent Mobile Vertical Grow Rack provider for indoor vertical farming and horticulture industries

WALKER, MICHIGAN, December 10, 2020 – Pipp Horticulture (a division of Pipp Mobile Storage Systems, Inc., backed by Novacap) (“Pipp”), the leading provider of space‐saving, multi‐level mobile cultivation systems, announced today that it has acquired Vertical Air Solutions LLC (“VAS”). Based in Santa Cruz, California, VAS is a leader in providing air circulation systems and related products to the global indoor vertical farming industry.


Novacap Portfolio Company, The Master Group acquires Alberta motor distributor Soper’s Supply Ltd.

November 10, 2020

Master diversifies its offerings and obtains expertise in the electric motor sector

MONTREAL, November 10th, 2020 – Novacap is pleased to announce that its portfolio company, The Master Group, the most important independent distributor of heating, ventilation, air conditioning and refrigeration products (CVCA-R) in Canada has completed the acquisition of Alberta-based Soper’s Supply Ltd. (“Soper’s”). Soper’s specializes in the sale and distribution of electric motors, fans, blowers, and pumps and is one of Canada's largest distributors of HVAC-R motors. Soper's services Western Canada from their branches in Winnipeg, Edmonton, Calgary, Surrey and Vancouver.


Novacap Portfolio Company, The Master Group Acquires Ontario Manufacturers' Representative EFI Concepts

October 01, 2020

This alliance embodies the company's commitment to offering services covering the full spectrum of HVAC-R solutions.

MONTREAL, October 1, 2020 – Novacap is pleased to announce that its portfolio company, The Master Group, the most important independent distributor of heating, ventilation, air conditioning and refrigeration products (CVCA-R) in Canada has completed the acquisition of EFI Concepts. Specializing in the application of products used for mechanical heating, ventilation and air conditioning in industrial, institutional and environmental business solutions applications, EFI Concepts is a leader in their field, based in Ontario with head office in Toronto and a branch office in Ancaster.

 


Noble Foods Nutrition Acquires the Co-Packing Activities of Betty Lou's, Inc.

August 06, 2020

MONTREAL, August 6, 2020 - Noble Foods Nutrition Inc., a leading nutrition and energy bar contract manufacturer based in Montréal, today announces that it has acquired the co-packing activities of Betty Lou's, Inc., a leading bar manufacturer, located in McMinnville, Oregon. Noble Foods is excited to join its 20 years of bar manufacturing know-how with Betty Lou's 42 years of experience in order to establish its foothold as a leading medium-sized bar manufacturer in North America.


Novacap Acquires Interest in FortNine

August 06, 2020

MONTREAL, Aug. 6, 2020 - Novacap, one of Canada's leading private equity firms, announced today that it has acquired an interest in FortNine (fortnine.ca), a leading e-commerce platform for motorcycle, dirt bike, ATV, snowmobile and other powersports gear, accessories and parts ("FortNine").


KINGSDOWN GROUP CONVERTED THREE OF ITS PLANTS INTO A MANUFACTURER OF HOSPITAL BEDS TO ASSIST DURING COVID-19 PANDEMIC

April 09, 2020

MEBANE, NC, and SHAWINIGAN, QC and TORONTO, April 9, 2020 - Luxury bedding brand Kingsdown (producing also in Québec under the brand Zedbed) is shifting its regular mattress production capabilities to manufacture beds for use in health care facilities, temporary health care outposts and treatment facilities to assist during the COVID-19 pandemic. The changeover has been completed to produce hospital beds in three of the company's factories located in Mebane, North Carolina, USA, Toronto, Ontario and Shawinigan, Quebec in Canada. We estimate that 40% of our workers at the plants would be able to keep their jobs as we launch this new production.


Novacap Quebec's portfolio company Bestar acquires the American Bush Industries

January 14, 2020

MONTREAL, January 14, 2020 - Novacap, one of Canada’s leading private equity firms, is proud to announce today that Bestar, one of its portfolio companies designing and manufacturing ready-to-assemble (RTA) furniture, has acquired Bush Industries, a leading American manufacturer of case goods and RTA furniture for the office and home.


NOVACAP CLOSES INDUSTRIES FUND AT C$940 MILLION

November 21, 2019

Novacap announced the final closing of Novacap Industries V, L.P. on C$940 million of total third-party capital commitments, exceeding its original target and hard cap due to oversubscribed demand and strong support from its investors. The Fund invests in companies with strong growth potential in the industrial and manufacturing sectors as well as in service and distribution in the North American middle market. 

MONTREAL, November 21, 2019 - Novacap, one of Canada’s leading private equity firms, announced it closed its latest private equity fund, Novacap Industries V (the “Fund”), at its hard cap with total commitments of C$940 million. The Fund surpassed its target size by nearly 45%, driven by strong demand from new and existing investors.

 



Novacap Acquires Interest in Foliot Furniture

November 05, 2019

BROSSARD, QC, November 5, 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.