Buyout (LBO, MBO, MBI) • Engineering

Stone Point Capital Acquires NOVA Group

On January 1, 2007, private equity firm Stone Point Capital acquired engineering company NOVA Group

Acquisition Context
  • This is Stone Point Capital’s 1st transaction in the Engineering sector.
  • This is Stone Point Capital’s 11th transaction in the United States.
  • This is Stone Point Capital’s 1st transaction in Georgia.

Explore All 234 Buyout (LBO, MBO, MBI) Engineering Deals - Search the Database Free


M&A Deal Summary

Date January 1, 2007
Target NOVA Group
Sector Engineering
Buyer(s) Stone Point Capital
Deal Type Buyout (LBO, MBO, MBI)

Target Company

NOVA Group

Kennesaw, Georgia, United States
NOVA Group provides engineering, quality control and risk management support services for construction, real estate and infrastructure projects. NOVA works closely with insurers and other financial institutions as well as public and private clients across the US. NOVA Group was founded in 2007 and is based in Kennesaw, Georgia.
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Buyer Overview 1

Buyer

Stone Point Capital

Greenwich, Connecticut, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 55.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Stone Point Capital is a private equity firm that targets investments in financial services sector. Specific areas of interest include insurance underwriting, outsourcing service providers to financial institutions, specialty lending and other credit opportunities, employee benefits and healthcare, asset management/retirement savings, and banking/depository institutions. Stone Point looks to commit between $75 and $750 million of equity per transaction and will consider control or substantial minority positions. Geographic areas of interest include North America and Europe. Stone Point Capital was formed in 1994 and is based in Greenwich, Connecticut.


Deal Context for Buyer #
Overall 16 of 121
Sector: Engineering 1 of 1
Type: Buyout (LBO, MBO, MBI) 11 of 37
State: Georgia 1 of 8
Country: United States 11 of 109
Year: 2007 2 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-01 Enstar Group

Hamilton, Bermuda

Enstar Group is a insurance run-off services company that specializes in acquiring and managing reserves associated with discontinued books of property & casualty insurance and reinsurance business on a global basis. Enstar Group was founded in 2001 and is based in Hamilton, Bermuda.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-24 Genex

Wayne, Pennsylvania, United States

Genex is the trusted provider of managed care services enabling clients to transform their bottom lines while enhancing the lives of injured and disabled workers. The company serves the top underwriters of workers’ compensation, automobile, disability insurance, third-party administrators, and a significant number of Fortune 500 employers. In addition, Genex is the only company that delivers high-quality clinical services enhanced by intelligent systems and 360-degree data analysis. The company consistently drives superior results related to medical, wage loss, and productivity costs associated with claims in the workers’ compensation, disability, automobile, and health care systems. Genex was formed in 1978 and is based in Wayne, Pennsylvania.

Buy -