Novacap

Novacap is a private equity firm that has invested in mid-market businesses since 1981, with offices in Montreal, Toronto and New York. It organises its funds by sector and focuses on building long-term value in its portfolio companies rather than spreading investments broadly. Portfolio businesses include Syntax, which provides technology and application-management services for cloud-based systems, and The Master Group, a heating, ventilation, air conditioning and refrigeration distributor with seventy years in business that has recently expanded its US footprint through an acquisition in New England. Recent activity includes InVita Healthcare Technologies' acquisition of MAK-SYSTEM to expand blood-management software worldwide, Canada Diagnostic Centres' acquisition of Shift Imaging to add further clinics and radiologists to its network, and an exit the firm completed from Eddyfi Technologies.