M&A Deal Summary

Novacap Acquires Nitrex

On September 14, 2015, private equity firm Novacap acquired machinery company Nitrex

Acquisition Highlights
  • This is Novacap’s 1st transaction in the Machinery sector.
  • This is Novacap’s 17th transaction in Canada.
  • This is Novacap’s 17th transaction in Quebec.

M&A Deal Summary
Date 2015-09-14
Target Nitrex
Sector Machinery
Buyer(s) Novacap
Deal Type Buyout (LBO, MBO, MBI)

Target

Nitrex

Saint-Laurent, Quebec, Canada
Nitrex is a provider of fully integrated heat-treating solutions and technologies globally. Nitrex offers commercial metal treating services throughout the world. Nitrex was founded in 1984 and is based in Saint-Laurent, Quebec.

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Buyer(S) 1

Buyer

Novacap

Brossard, Quebec, Canada

Investor Investor Investor Investor Investor

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 26 of 65
Sector (Machinery) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 15 of 34
State (Quebec) 17 of 33
Country (Canada) 17 of 43
Year (2015) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-04 Hallcon

Chicago, Illinois, United States

Hallcon is a provider of mission-critical transportation services and infrastructure for a broad range of customers including railroads, universities, airports, hospitals and healthcare systems, public transit, technology, industrial companies, and other large employers seeking custom transportation solutions. Hallcon was founded in 1946 and is based in Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-26 Onstream Pipeline Inspection

Calgary, Alberta, Canada

Onstream Pipeline Inspection provides pipeline inspection results to oil & gas producers and pipeline operators working in the North American marketplace, with a focus on continual technological and software advancement. Onstream Pipeline Inspection was founded in 2005 and is based in Calgary, Alberta.

Buy -
Mergr

Product

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