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.
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Bryan Livingston
Oaklins Capital Alliance
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