Novacap acquires stake in hydraulic cylinders maker Mailhot
Canadian private equity firm Novacap has acquired an interest in Mailhot Industries, a Saint-Jacques, Québec-based maker of hydraulic cylinders. No financial terms were disclosed. Established in 1956 by Gilles Mailhot, Mailhot produces a complete line of single-stage and telescopic hydraulic cylinders used in a wide range of applications. President and CEO Charles Massicotte will continue in that role and remain a shareholder. Novacap Senior Partner Frédérick Perrault said the partnership will support Mailhot's growth to "become the North American leader in its industry segment" by exploring strategic opportunities in new markets.
15 February 2018•3 mins read
