M&A Deal Summary

Novacap Acquires Stratus Networks

On October 21, 2021, private equity firm Novacap acquired communications company Stratus Networks

Acquisition Highlights
  • This is Novacap’s 2nd transaction in the Communications sector.
  • This is Novacap’s 15th transaction in the United States.
  • This is Novacap’s 3rd transaction in Illinois.

M&A Deal Summary
Date 2021-10-21
Target Stratus Networks
Sector Communications
Buyer(s) Novacap
Deal Type Buyout (LBO, MBO, MBI)

Target

Stratus Networks

Peoria Heights, Illinois, United States
Stratus Networks is a provider of fiber-optic bandwidth infrastructure services. Stratus Networks is a provider of data and voice networking services for businesses with a full range of products including data, cloud, and voice solutions. Stratus Networks was founded in 1999 and is based in Peoria Heights, Illinois.

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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 56 of 65
Sector (Communications) 2 of 4
Type (Buyout (LBO, MBO, MBI)) 32 of 34
State (Illinois) 3 of 3
Country (United States) 15 of 21
Year (2021) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-07 Accurate Group

Independence, Ohio, United States

Accurate Group is a national full-service title agency providing title insurance and settlement services. Settlement services include property valuation, appraisal services, basic flood zone certification, title services, closing, and escrow services. Accurate allows its clients to reduce expenses, improve capacity management, mitigate risk, and significantly reduce processing time. Accurate leverages its technology to make the settlement service process more efficient than ever before. Accurate Group was founded in 2004 and is based in Independence, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-12 Noble Foods Nutrition

Pointe-Claire, Quebec, Canada

Noble Foods Nutrition is a manufacturer of nutrition and energy bars. Noble Foods Nutrition was founded in 1999 and is based in Pointe-Claire, Québec.

Sell -
Mergr

Product

Company

Legal