M&A Deal Summary

Northleaf Capital Partners Acquires Provident

On August 2, 2023, asset manager Northleaf Capital Partners acquired energy services and equipment company Provident

Acquisition Highlights
  • This is Northleaf Capital Partners’ 5th transaction in the Energy Services and Equipment sector.
  • This is Northleaf Capital Partners’ 2nd transaction in Canada.
  • This is Northleaf Capital Partners’ 1st transaction in Ontario.

M&A Deal Summary
Date 2023-08-02
Target Provident
Sector Energy Services and Equipment
Buyer(s) Northleaf Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Provident

Concord, Ontario, Canada
Provident is a provider of Energy Services Company (ESCO) in the greater Toronto area. Provident specializes in the multi-residential market with an emphasis on high rise condominiums. Provident was founded in 1985 and is based in Concord, Ontario.

Search 201,429 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Northleaf Capital Partners

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 2009
PE ASSETS 22.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Northleaf Capital Partners is an asset management firm focused on private equity, private credit, and infrastructure investment opportunities. The Firm's private equity group looks to make fund, secondary, as well as direct investments. Within its direct investing practice, Northleaf will consider a variety of middle-market investment situations including growth capital financings, successions, consolidations, and other special situations. Northleaf Capital Partners was established in 2009 and is based in Toronto, Ontario.

DEAL STATS #
Overall 22 of 24
Sector (Energy Services and Equipment) 5 of 5
Type (Buyout (LBO, MBO, MBI)) 8 of 9
State (Ontario) 1 of 1
Country (Canada) 2 of 2
Year (2023) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-08 Mercury Broadband

Kansas City, Missouri, United States

Mercury Broadband is a provider of high-speed Internet and digital phone services for homes and businesses across select rural markets in the Midwest. Mercury Broadband was founded in 2007 and is based in Kansas City, Missouri.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-10 Tillman FiberCo

New York, New York, United States

Tillman FiberCo is an operator of a 100% fiber to the premise (FTTP) network that delivers symmetrical gigabit broadband internet access and services to residential and commercial customers. Tillman FiberCo was founded in 2021 and is based in New York City.

Buy -
Mergr

Product

Company

Legal