Novacap

• InVita Healthcare Technologies Acquires MAK-SYSTEM

  July 8, 2026

  Buyer

  InVita Healthcare Technologies, Novacap (backer of InVita)

  Target

  MAK-SYSTEM

  Industry

  Healthcare Services

  Location

  Maryland, United States

  Type

  Buyout

  InVita Healthcare Technologies, backed by Novacap, completed its acquisition of MAK-SYSTEM to expand end-to-end blood management software solutions worldwide. The combined platform is intended to create a more connected and intelligent blood management ecosystem across donor to patient, improving visibility, interoperability, efficiency, and compliance.

• Alliance Solution Group Acquires Stryder Distribution

  March 23, 2026

  Buyer

  Alliance Solution Group, Novacap

  Target

  Stryder Distribution

  Seller

  Stryder Group of Companies

  Industry

  Logistics & Distribution

  Location

  Ontario, Canada

  Type

  Addon

  Alliance Solution Group, a Novacap portfolio company, announced the acquisition of Stryder Distribution, a division of Stryder Group of Companies, which provides warehousing and repacking services in Western Canada. The deal expands Alliance’s national warehousing and repacking platform across British Columbia, Alberta, Quebec, and Ontario, creating a combined network of over 1.9 million square feet of capacity.

• Revau Advanced Underwriting Acquires Triad Oilfield Underwriters

  February 10, 2026

  Buyer

  Revau Advanced Underwriting Inc., Novacap

  Target

  Triad Oilfield Underwriters, LLC

  Industry

  Insurance

  Location

  United States

  Type

  Buyout

  Revau Advanced Underwriting announced the acquisition of Houston-based Triad Oilfield Underwriters, an MGA and wholesale insurance brokerage focused on upstream oil & gas and marine risks. The deal expands Revau’s U.S. footprint and strengthens its specialty underwriting and placement capabilities, supporting Revau’s strategy to replicate its tech-enabled MGA model in the United States.

• HyscaleIX JV (Novacap and H5 Data Centers) Acquires Carrier Hotels Portfolio from 365 Data Centers

  February 2, 2026

  Buyer

  Novacap, H5 Data Centers, HyscaleIX Data Centers

  Target

  Portfolio of carrier hotels from 365 Data Centers

  Seller

  365 Data Centers

  Industry

  Infrastructure

  Location

  United States

  Type

  Buyout

  Novacap and H5 Data Centers formed HyscaleIX Data Centers, a connectivity-focused data center joint venture, and announced an acquisition of a portfolio of carrier hotels from 365 Data Centers. The JV’s initial anchored portfolio includes carrier-connected facilities in Buffalo (New York), Nashville (Tennessee), and Tampa (Florida), plus a fourth facility in the Midwestern U.S.

• Novacap Acquires Integral Ad Science (IAS) for $1.9 Billion

  December 23, 2025

  Buyer

  Novacap, Vista Equity Partners

  Target

  Integral Ad Science (IAS)

  Seller

  Vista Equity Partners

  Industry

  Data & Analytics

  Location

  United States

  Type

  Buyout

  Integral Ad Science (IAS) agreed to be acquired by Novacap in an all-cash deal valued at approximately $1.9 billion. IAS shareholders will receive $10.30 per share in cash, and IAS will become a privately held company under the IAS brand.

• Freedom Pet Supplies (Novacap Portfolio) Acquires Trueman Distribution Ltd.

  December 19, 2025

  Buyer

  Freedom Pet Supplies, Novacap

  Target

  Trueman Distribution Ltd.

  Industry

  Logistics & Distribution

  Location

  Alberta, Canada

  Type

  Addon

  Freedom Pet Supplies, a Novacap portfolio company, has acquired Trueman Distribution Ltd., a long-standing pet products distributor headquartered in Calgary, Alberta. The add-on purchase gives Freedom Pet a Western Canada hub as part of its strategy to build a truly national distribution network across Canada.

• Alliance Solution Group Acquires Intramodal Warehouses

  December 9, 2025

  Buyer

  Alliance Solution Group, Novacap

  Target

  Intramodal Warehouses Inc.

  Industry

  Logistics & Distribution

  Location

  Quebec, Canada

  Type

  Addon

  Alliance Solution Group, a Novacap portfolio company, has acquired Intramodal Warehouses to expand its warehousing footprint in Quebec. The add-on expands Alliance’s food-grade warehousing capacity (over 500,000 sq. ft. on the Island of Montreal) and creates operational synergies with Alliance’s IntraPAK repackaging division to better serve food and beverage customers across Canada.

• NDT Global Acquires Entegra

  July 31, 2025

  Buyer

  NDT Global, Novacap, La Caisse (CDPQ)

  Target

  Entegra

  Seller

  Amberjack Capital Partners, Entegra founders and executives

  Industry

  Energy

  Location

  Indiana, United States

  Type

  Addon

  NDT Global has acquired Entegra, a specialist in Ultra-High-Resolution Magnetic Flux Leakage (UHR MFL) in-line inspection services, combining complementary inspection technologies to expand capabilities in the gas and oil pipeline integrity market. The deal was completed with continued support from majority shareholder Novacap and investor La Caisse (CDPQ); Entegra was previously owned by Amberjack Capital Partners and company founders, and Entegra founders/key management will remain shareholders of the combined business.

• Novacap Reinvests in NDT Global as Part of Strategic Separation from Previan

  June 16, 2025

  Buyer

  Novacap, Caisse de dépôt et placement du Québec (La Caisse), NDT Global management

  Target

  NDT Global

  Seller

  Previan

  Industry

  Energy

  Location

  Quebec, Canada

  Type

  Recapitalization

  Novacap completed a reinvestment in NDT Global as the business is formally separated from Previan and established as an independent company. The transaction leaves NDT Global backed by Novacap alongside Caisse de dépôt et placement du Québec (La Caisse) and company management, positioning the business to pursue targeted investments in inspection technology, automation and AI for energy-sector integrity management.

• Revau (Novacap Portfolio) Acquires Brazos Specialty Risk and Twenty Mile Insurance Services to Expand in U.S.

  May 13, 2025

  Buyer

  Revau Advanced Underwriting Inc., Novacap

  Target

  Brazos Specialty Risk Insurance, Twenty Mile Insurance Services

  Industry

  Insurance

  Location

  Texas, United States

  Type

  Addon

  Novacap-backed Revau Advanced Underwriting has partnered with Texas-based MGAs Brazos Specialty Risk Insurance and Twenty Mile Insurance Services in a cash-and-equity transaction that brings both underwriting teams and U.S. distribution into Revau's platform. The deal expands Revau's North American footprint and combines Brazos and Twenty Mile's underwriting capabilities with Revau's data analytics, capital base and digital infrastructure to accelerate product innovation and U.S. growth.

• Novacap Invests in Consilium Insurance

  December 9, 2024

  Buyer

  Novacap

  Target

  Consilium Insurance

  Industry

  Insurance

  Location

  Quebec, Canada

  Type

  Buyout

  Novacap, a North American private equity firm, has announced a partnership investment in Consilium Insurance, a Montreal-based property & casualty insurance brokerage founded in 2013. The investment makes Consilium the seventh platform company in Novacap's Financial Services I fund and is intended to accelerate growth and expand Consilium's operations across Canada and North America.

• Syntax Systems Acquires Argon Supply Chain Solutions

  October 15, 2024

  Buyer

  Syntax Systems, Novacap

  Target

  Argon Supply Chain Solutions (Argon SCS)

  Industry

  IT Services

  Location

  Western Cape, South Africa

  Type

  Addon

  Syntax Systems, a Novacap portfolio company, has acquired Argon Supply Chain Solutions, a UK- and South Africa-based SAP Gold Partner that specializes in warehouse management and supply chain optimization. The add-on strengthens Syntax's SAP Digital Supply Chain and logistics-execution capabilities and expands its services across retail, manufacturing, wholesale/distribution and life sciences verticals.

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