Onstream Pipeline Inspection Ltd has received a strategic investment from NOVACAP
The private shareholders of Onstream Pipeline Inspection Ltd. (Onstream), based in Canada, have led a recapitalization of the company with NOVACAP to accommodate the exit of the existing majority shareholders while at the same time enabling the management team/minority shareholders to prepare for capturing the growth opportunities that lie ahead together with reducing their investment in the company. Financial details have not been disclosed.
Onstream is a rapidly growing company and is a highly specialized niche pipeline construction services provider. The company services the small diameter inline inspection markets using the latest technologies to collect metal loss, inertial and geometry data in one survey. The company has been in business for over 10 years, covering projects throughout the province of Alberta and into British Columbia, and has gained a reputation for outstanding customer service, a commitment to safety and completion of inspection reports on time.
NOVACAP is one of Canada’s leading private equity firms with over US$1.1 billion in assets under management. The firm currently has 28 platform investments covering a wide range of industries.
Oaklins' team in Dallas advised the seller in this transaction.
Talk to the deal team
Bryan Livingston
Oaklins Capital Alliance
Related deals
Swiss Solar Group has acquired OmniWatt and taken a significant minority stake in enshift
Swiss Solar Group AG has acquired OmniWatt AG and taken a significant minority stake in enshift AG. With these transactions, Swiss Solar Group advances its strategic growth initiative and pursues its objective of positioning itself as a leading integrated provider of sustainable energy transition solutions in Switzerland. The transactions support the group’s strategy to expand its presence across the entire energy value chain and to achieve profitable growth in the renewable energy sector.
Learn moreCapsol has been acquired by Angus Capital
Capsol has been acquired by Angus Capital as part of its strategy to build a leading construction services group alongside other portfolio companies. This partnership marks a new phase of growth for Capsol, providing the platform, resources and strategic support needed to accelerate its development and expand its market presence.
Learn moreMCA Architects has been acquired by TTSP HWP Group
Irish architecture firm MCA Architects and German data center advisory company TTSP HWP Group have merged to create a fully integrated European group for the design, engineering and project delivery of large and complex data centers. The two firms will operate under a joint leadership structure and align their workforce and strategies to serve hyperscalers and global digital infrastructure clients across Europe.
Learn more