Investment Summary

BP Energy Partners Invests In Novitech

On October 24, 2024, private equity firm BP Energy Partners invested in energy services and equipment company Novitech

Investment Highlights
  • This is BP Energy Partners’ 3rd transaction in the Energy Services and Equipment sector.
  • This is BP Energy Partners’ 2nd transaction in Canada.
  • This is BP Energy Partners’ 1st transaction in Ontario.

Investment Summary

Date 2024-10-24
Target Novitech
Sector Energy Services and Equipment
Investor(s) BP Energy Partners
Deal Type Growth Capital
Advisor(s) GreenbergTraurig
Torys (Legal)

Target

Novitech

Vaughan, Ontario, Canada
Novitech is an inline pipeline inspection technology and data analytics company capable of detecting, sizing, and identifying damage mechanisms, including deformations, complex corrosion, and cracking, in liquids and natural gas pipelines through its proprietary and modular Micron technology. Novitech was founded in 2015 and is based in Vaughan, Ontario.

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Investor(S) 1

DESCRIPTION

BP Energy Partners is a private equity firm focused the energy industry. The Firm's primary area of interest is the production and delivery of natural gas, which includes midstream and infrastructure, distribution, consumption and production services. Prospective transaction situations include buyouts, asset acquisitions, and providing growth capital to entrepreneurs, family run business and management teams. BP Energy Partners was established in 2013 and is headquartered in Dallas, Texas.


DEAL STATS #
Overall 8 of 9
Sector: Energy Services and Equipment M&A 3 of 3
Type: Growth Capital M&A Deals 5 of 6
State: Ontario M&A 1 of 1
Country: Canada M&A 2 of 2
Year: 2024 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-16 Alyeschem

Anchorage, Alaska, United States

Alyeschem operates a North Slope petrochemical facility, producing methanol and ultra-low sulfur diesel from local natural gas to reduce emissions and enhance regional energy supply. Alyeschem is based in Anchorage, Alaska.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-01-29 Smart Wires

Durham, North Carolina, United States

Smart Wires designs and manufactures power flow control technology to expand and optimize power flows on high-voltage transmission grids globally. Smart Wires is based in Durham, North Carolina.

Buy -