BP Energy Partners Makes Growth Investment in Novitech
October 24, 2024
BP Energy Partners, a Dallas-based private equity firm, has completed a growth investment in Novitech, an inline pipeline inspection technology and data analytics company headquartered in Toronto. The Campos Family (Campos Holding Company) will retain a significant minority stake and proceeds will support Campos' broader operations while BPEP will help scale Novitech's proprietary Micron inspection technology.
- Buyers
- BP Energy Partners, LLC
- Targets
- Novitech, Inc.
- Sellers
- Campos Holding Company
- Industry
- Energy
- Location
- Ontario, Canada
- Transaction Type
- Growth capital
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