Novacap invests in growth of Leading Edge Geomatics
The technology group of Canadian private equity firm Novacap has made an undisclosed investment in Leading Edge Geomatics, a Lincoln, New Brunswick-based provider of end-to-end aerial lidar surveying services across North America. The deal is intended to support the company's expansion into new markets, strategic acquisitions, and continued R&D investment. Founders Bruce Hogan, Bill Kidman and Will Lowry, who launched Leading Edge in 2008, will continue to operate the business and hold a significant ownership stake. Leading Edge is the final platform investment of Novacap TMT IV. Earlier in 2017, Novacap raised $840 million in the close of Novacap TMT V.
6 November 2017•3 mins read
