Novacap makes majority investment in Nitrex Metal
Canadian private equity firm Novacap has acquired a majority stake in Nitrex Metal Inc, a provider of metal heat treatment technology solutions and services based in Montréal. No financial terms were released. Founded by Michel Korwin in 1984, Nitrex serves automotive, aerospace and industrial customers on four continents. It said it will use the partnership with Novacap for growth initiatives. These initiatives will include investments in operational enhancements, in key regions with potential for strategic acquisitions, and in research. As reported by peHUB Canada, Novacap last month acquired employee transit services specialist Hallcon Corp, marking an expansion in its Canadian deals.
11 September 2015•3 mins read
