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
MEDIK Hospital Design Group has been acquired by STERIS
The private shareholders of MEDIK Hospital Design Group have sold their shares to STERIS plc. Together, MEDIK and STERIS will expand their offerings for hospitals and ambulatory surgery centers worldwide. MEDIK’s solutions ideally complement STERIS’ existing portfolio, enabling the combined group to strengthen its position as a leading provider of turnkey room solutions in surgical and IPT environments. The MEDIK management team will actively support the next phase of growth.
Learn moreBrand Group has acquired The Natoon Group
The Natoon Group has been acquired by Brand Group. This acquisition represents a significant strategic move that will help establish new, robust and stable growth channels. The transaction is intended to expand Brand Group’s revenues through service companies with recurring and predictable income streams supported by long-term contracts. As part of the agreement, Natoon’s senior management will continue to lead the company’s growth.
Learn moreSmile Invest has secured debt financing for the acquisition of RB+ Groep
Smile Invest has successfully acquired a majority stake in RB+ Groep, a specialist in comprehensive fire prevention solutions operating under the brands Van der Aa, Firejob and Preficon Europe, with a strong focus on constructional fire prevention. This transaction supports RB+’s growth ambitions and enables the company to expand into adjacent and international markets.
Learn more