Private Equity Firm Financial Services

Northleaf Capital Partners

Toronto, Ontario, Canada

Northleaf Capital Partners is a global private markets investment firm focused on mid-market companies and assets across private equity, private credit and infrastructure. It manages private equity, private credit and infrastructure strategies for institutional investors and family offices.

Focus Areas
Private equity, Private credit, Infrastructure investing

Tracked deals

12

12 tracked deals across 2021-2026.

Recent pace

1

1 tracked deal announced in the last 12 months.

Deal mix

Buyout

8 buyout · 2 recapitalization · 1 addon

Northleaf Capital Partners Acquisition Volume by Year

Last 5 years

Acquisition volume by year Annual acquisition counts for the last 5 years for Northleaf Capital Partners. 3 2021 3 2022 2 2023 3 2025 ~1 est. 1 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

  • Behrman Capital Closes ~$250M Continuation Vehicle for Shurco
    July 1, 2026
    Buyer
    Behrman Capital, Behrman Capital VII L.P., Behrman Capital CV II L.P., Coller Capital, Northleaf Capital Partners, Siguler Guff
    Target
    Shur-Co, LLC (Shurco)
    Seller
    Behrman Capital VI L.P. (Fund VI), Other investors
    Industry
    Industrial Services
    Location
    South Dakota, United States
    Type
    Recapitalization

    Behrman Capital closed Behrman Capital CV II L.P., a single-asset continuation vehicle of approximately $250 million connected to the sale of its portfolio company Shur-Co, LLC (Shurco). The continuation vehicle is managed by Behrman and backed by new and returning investors including Coller Capital, with additional investment from Northleaf Capital Partners and Siguler Guff; Behrman Capital VII also made a significant investment alongside the vehicle.

  • Northleaf / Provident Acquire PowerStream Energy Services from Alectra
    October 7, 2025
    Buyer
    Northleaf Capital Partners, Provident Energy Management Inc.
    Target
    PowerStream Energy Services
    Seller
    Alectra Energy Services Inc., Alectra Inc.
    Industry
    Energy
    Location
    Ontario, Canada
    Type
    Addon

    Infrastructure funds managed by Northleaf Capital Partners completed a tuck‑in acquisition of PowerStream Energy Services from Alectra Energy Services Inc., executed through Northleaf portfolio company Provident Energy Management. The deal expands Provident’s sub‑metering and billing footprint across Ontario, combining complementary capabilities and a contracted revenue profile to drive scale and growth.

  • Northleaf Capital Partners and AVALT Acquire WASH Multifamily Holdings from EQT
    July 15, 2025
    Buyer
    Northleaf Capital Partners, AVALT
    Target
    WASH Multifamily Holdings Inc
    Seller
    EQT
    Industry
    Industrial Services
    Location
    California, United States
    Type
    Buyout

    Northleaf Capital Partners and AVALT have signed definitive agreements to acquire WASH Multifamily Holdings Inc. (WASH) from EQT. The transaction is expected to close in Q3 2025 following customary regulatory approvals.

  • Northleaf Commits C$100 Million to Shared Tower
    March 14, 2025
    Buyer
    Northleaf Capital Partners
    Target
    Shared Tower
    Industry
    Telecommunications
    Location
    Ontario, Canada
    Type
    Growth capital

    Northleaf Capital Partners has committed an initial C$100 million to Shared Tower to accelerate the company's build-out of carrier‑neutral telecommunications infrastructure across Canada. Shared Tower, founded in 2021 and headquartered in Oakville, Ontario, will use the capital to scale its network and serve existing and new customers; Northleaf was advised by CIBC Capital Markets and Davies Ward Phillips & Vineberg.

  • Northleaf Capital Partners Acquires Controlling Stake in EVPassport
    October 12, 2023
    Buyer
    Northleaf Capital Partners
    Target
    EVPassport, Inc.
    Industry
    Infrastructure
    Location
    California, United States
    Type
    Buyout

    Northleaf Capital Partners has agreed to acquire a controlling stake in EVPassport, committing $200 million to fund the company's capital requirements and accelerate build-out of Level 2 and Level 3 EV charging infrastructure across North America. EVPassport, headquartered in Los Angeles, provides an IaaS model for charging infrastructure combined with an open-API technology platform focused on multi-family, hospitality and retail site hosts.

  • Northleaf Capital Partners Acquires Majority Stake in Provident Energy Management
    August 2, 2023
    Buyer
    Northleaf Capital Partners
    Target
    Provident Energy Management Inc.
    Industry
    Energy
    Location
    Ontario, Canada
    Type
    Buyout

    Funds managed by Northleaf Capital Partners have acquired a majority stake in Provident Energy Management Inc., a Canadian provider of sub-metering, building automation and energy consulting services focused on the multi-residential new construction market. Provident's management will retain a minority interest; the partnership is intended to accelerate growth and expand Provident's services across additional markets in Canada and the United States.

  • Northleaf Capital Partners Acquires Controlling Interest in Mercury Broadband
    November 8, 2022
    Buyer
    Northleaf Capital Partners
    Target
    Mercury Broadband
    Industry
    Telecommunications
    Location
    Kansas, United States
    Type
    Buyout

    Northleaf Capital Partners has acquired a controlling interest in Mercury Broadband and will invest up to $230 million to accelerate Mercury's deployment of high-speed fiber and fixed wireless broadband across underserved rural markets in the U.S. Midwest. The capital will support construction of more than 12,000 miles of outside plant and hundreds of fixed wireless access sites across select markets in Kansas, Indiana, Missouri, Michigan, Ohio and Illinois.

  • Northleaf Capital Partners to Acquire 40% Interest in Aotearoa Towers Limited from Vodafone New Zealand
    July 17, 2022
    Buyer
    Northleaf Capital Partners, InfraRed Capital Partners, HICL Infrastructure PLC, Infratil Limited
    Target
    Aotearoa Towers Limited
    Seller
    Vodafone New Zealand Limited
    Industry
    Telecommunications
    Location
    New Zealand
    Type
    Buyout

    Northleaf Capital Partners will acquire a 40% interest in Aotearoa Towers Limited, a New Zealand mobile tower infrastructure business, from Vodafone New Zealand Limited. The deal will create New Zealand’s largest independent tower company, alongside investment by InfraRed Capital Partners on behalf of HICL Infrastructure PLC and maintained ownership by Infratil Limited.

  • Northleaf Capital Partners Acquires Majority Interest in Uber Boat by Thames Clippers
    April 25, 2022
    Buyer
    Northleaf Capital Partners
    Target
    Uber Boat by Thames Clippers
    Seller
    AEG (AEG Europe)
    Industry
    Transportation
    Location
    England, United Kingdom
    Type
    Buyout

    Northleaf Capital Partners has acquired a majority interest in Uber Boat by Thames Clippers from AEG (AEG Europe). The investment will support fleet renewal, route expansion and sustainable growth of London's river boat commuter and leisure service.

  • Northleaf and AVALT Acquire AMAROK from Snow Phipps
    December 13, 2021
    Buyer
    Northleaf Capital Partners, AVALT
    Target
    AMAROK, LLC
    Seller
    Snow Phipps Group, LLC
    Industry
    Infrastructure
    Location
    South Carolina, United States
    Type
    Buyout

    Northleaf Capital Partners and family office AVALT acquired a majority interest in AMAROK, LLC from Snow Phipps Group, with AMAROK management retaining a minority stake. AMAROK, based in Columbia, South Carolina, operates approximately 5,000 solar-powered electric fence and perimeter security sites across the continental United States under ongoing service and maintenance agreements. Financial terms were not disclosed; Golub Capital provided debt financing for the transaction.

  • Ronin Equity Partners Acquires QBD and Minus Forty to Create Refrigerated Display Platform
    September 7, 2021
    Buyer
    Ronin Equity Partners, Northleaf Capital Partners, Cherng Family Trust, Stephens Capital Partners, Nicola Wealth, Northwood Ventures, Knott Partners, Sope Creek Capital
    Target
    QBD, Minus Forty
    Industry
    Manufacturing
    Location
    Ontario, Canada
    Type
    Buyout

    Ronin Equity Partners has acquired two Greater Toronto–area manufacturers of commercial refrigeration equipment, QBD and Minus Forty, in a $230 million transaction. Ronin will merge the businesses as a platform for buy-and-build consolidation in the fragmented refrigerated display market, with several institutional and family-office co-investors participating.

  • Churches Fire Secures £75M Re-financing and Completes Two Add-on Acquisitions
    May 12, 2021
    Buyer
    Churches Fire, Horizon Capital, HSBC UK Bank, HSBC Asset Management, NorthLeaf Capital, Siemens Bank
    Target
    Detect Fire & Security Limited, Elite Fire Limited
    Industry
    Industrial Services
    Location
    England, United Kingdom
    Type
    Recapitalization

    Churches Fire, a Horizon Capital-backed fire safety and security compliance provider, completed a £75 million refinancing led by HSBC UK Bank with participation from HSBC Asset Management, NorthLeaf Capital and Siemens Bank to fund future acquisitive growth. The deal accompanies the completion of two further add‑on acquisitions (Detect Fire & Security Limited and Elite Fire Limited) as Churches Fire continues to roll up the UK fire safety and security market.

Related Acquisition Pages

Industrial Services Buyers & Acquisitions 3 tracked deals by Northleaf Capital Partners. Telecommunications Buyers & Acquisitions 3 tracked deals by Northleaf Capital Partners. Energy Buyers & Acquisitions 2 tracked deals by Northleaf Capital Partners. Infrastructure Buyers & Acquisitions 2 tracked deals by Northleaf Capital Partners. Acquisitions in California 2 tracked deals by Northleaf Capital Partners. Acquisitions in Kansas 1 tracked deal by Northleaf Capital Partners. Acquisitions in South Carolina 1 tracked deal by Northleaf Capital Partners. Acquisitions in South Dakota 1 tracked deal by Northleaf Capital Partners.

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