Canada construction Limited [Canadian Construction]

Canada construction Limited

Under Construction SignNational Concrete Accessories (NCA), a portfolio company of British secondaries firm Nova Capital Management, has bought Northland Construction Supplies, a Red Deer, Alberta-based supplier of goods to the concrete construction, ceramic and masonry industries. The financial terms of the transaction were not published. The acquisition by NCA, a Canadian manufacturer and distributor of concrete accessories, is the company’s second since it was purchased by Nova Capital from Amalgamated Metal Corp PLC in 2011.

PRESS RELEASE

Nova Capital Portfolio Company Canadian Acquisition

TORONTO, ONTARIO–(Marketwired – April 7, 2015) – Nova Capital Portfolio company National Concrete Accessories (“NCA”) has announced the acquisition of its Western Canadian Rival Northland Construction Supplies.

NCA is Canada’s leading manufacturer and distributor of concrete accessories with 14 branches stretching from Quebec to British Columbia. Northland is a similar distribution business with 5 branches in Alberta. This is the second acquisition made by NCA under Nova’s ownership following the earlier purchase of Ottawa based Bray. The acquisition was funded through new debt facilities for NCA provided by HSBC Calgary who have been lenders to the Group since Nova’s acquisition.

Nova acquired NCA as part of a portfolio buy-out in late 2011 of a number of Canadian industrial businesses including Wilkinson Steel and Metals (subsequently sold to Samuel Group) and Calgary based Exchanger Industries.

NCA and Nova were advised on the Northland acquisition by Stikeman Elliott and KPMG.

Kath Jones, Nova’s Toronto based Investment Partner said “We are delighted to add Northland to our NCA operations. The acquisition strengthens our position in Western Canada and is fully in line with our strategy to drive both organic and acquisitive growth for this investment”.

About Nova Capital Management Ltd

Nova Capital is a pioneer in portfolio buy-outs specialising in acquiring multiple businesses in a single transaction. Since our foundation in 2002, we have executed transactions with a value of over $1.7bn from our offices in London, Chicago and Toronto. Nova’s 20+ strong team brings together senior operating partners with experienced investment professionals to unlock value in all of the businesses we acquire.

Nova Capital Management Limited is authorised and regulated by the Financial Conduct Authority

For additional information on Nova Capital Management please go to www.nova-cap.com.

Contact Information

Kath Jones

You might also like
sunroom under construction, Edmonton alberta canada
sunroom under construction, Edmonton alberta canada
Thomas Cavanagh Construction Limited Corporate Video
Thomas Cavanagh Construction Limited Corporate Video
DEVLIN CONSTRUCTION EDMONTON CANADA
DEVLIN CONSTRUCTION EDMONTON CANADA
BeautyPeacock Apple Accessories Beautiful Peacock Cell Phone Cases Design Special For iPhone 5/5S No.4
Wireless (BeautyPeacock)
  • Hard TPU Case for cell phone save.
  • Ultra thin, light-weight. Protect the frame of your iPhone from Dust , Fingerprints and Bumps.
  • Camera hole cutout on the back. Allows easy access to all the buttons and controls.
  • Color: Multicolor. Made with excellent craftsmanship and high quality materials.
  • The installation process is quick, simple, and no iPhone disassembly is required for a 100% perfect fit

Related Posts