Investment Summary

BP Energy Partners Invests In Novitech

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

Investment Highlights
  • This is BP Energy Partners’ 1st transaction in the Business Services sector.
  • This is BP Energy Partners’ 1st transaction in Canada.
  • This is BP Energy Partners’ 1st transaction in Ontario.

Investment Summary
Date 2024-10-24
Target Novitech
Sector Business Services
Investor(s) BP Energy Partners
Deal Type Growth Capital
Advisor(s) GreenbergTraurig
Torys LLP (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

Investor

BP Energy Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2013
Size Small
Type Sector Focused
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 3 of 3
Sector (Business Services) 1 of 1
Type (Growth Capital) 1 of 1
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-20 American Industrial Machine

Odessa, Texas, United States

American Industrial Machine specializing in industrial engine/compressor repairs and manufacturing by offering a variety of services, technology, and experience. American Industrial Machine is based in Odessa, Texas.

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Mergr

Product

Company

Legal