M&A Deal Summary

Novacap Acquires Master

On March 3, 2014, private equity firm Novacap acquired distribution company Master

Acquisition Highlights
  • This is Novacap’s 2nd transaction in the Distribution sector.
  • This is Novacap’s 13th transaction in Canada.
  • This is Novacap’s 13th transaction in Quebec.

M&A Deal Summary
Date 2014-03-03
Target Master
Sector Distribution
Buyer(s) Novacap
Deal Type Buyout (LBO, MBO, MBI)

Target

Master

Boucherville, Quebec, Canada
website
Master is an independent HVAC-R distributor in Eastern Canada. Company is a distributor of heating, ventilation, air conditioning and refrigeration products. Master was founded in 1952 and is based in Boucherville, Quebec.

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Buyer(S) 1

Buyer

Novacap

Brossard, Quebec, Canada

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1981
PE ASSETS 8.0B CAD
Size Mega
Type Sector Agnostic
DESCRIPTION

Novacap is a large private equity firm focused on middle-market company acquisitions in Canada. Novacap pursues companies with $30 to $500 million in sales and will consider transactions valued up to $500 million. Target transaction situations include partial or full buyouts, spin-offs, take privates, recapitalizations, and growth capital financings. Novacap will consider opportunities in basic industries as well as high-growth tech sectors. Novacap was formed in 1981 and has offices in Toronto and Montreal.

DEAL STATS #
Overall 19 of 59
Sector (Distribution) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 11 of 31
State (Quebec) 13 of 31
Country (Canada) 13 of 40
Year (2014) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-01 GTI Group

Lachine, Quebec, Canada

GTI Group offers integrated transport solutions encompassing heavy haul and over dimensional land transportation, specialty storage & handling, and international logistics and freight forwarding services. GTI Group was founded in 1992 and is based in Lachine, Quebec.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-12 Oxford Networks

Lewiston, Maine, United States

Oxford Networks is a provider of end-to-end technology solutions for companies in New England and beyond. Oxford Networks services and products include: Data Center Services, Managed IT Services, Voice, Internet, and Carrier Services. Oxford Networks was founded in 1876 and is based in Lewiston, Maine.

Buy -
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