Fredericton, New Brunswick – In a deal announced November 6, 2017, Leading Edge Geomatics, a New Brunswick-based provider of aerial survey and geomatics services across North America was acquired by Novacap, a leading private equity firm with $2.26 billion of assets under management. Confederation M&A, an Atlantic Canada-based advisory firm led the transaction between the two parties.
“We see tremendous growth opportunities in the market for Leading Edge and know we have picked a strong partner with deep operational expertise to help us deliver on this potential,” said Bruce Hogan, Chief Executive Officer and Co-Founder of Leading Edge. “We couldn’t be more excited about the future for the business and what this means for New Brunswick and our key stakeholders.”
“This deal was the result of a competitive bidding process that had substantial levels of interest. After going through the due diligence process it became very clear that Novacap would be a good fit and ultimately, the preferred strategic partner. Their disciplined and proactive investment approach make for a great partnership and will help Leading Edge launch into its next phase of growth. We congratulate both parties on a successful transaction,” says Bob Brown, Senior Advisor with Confederation M&A in New Brunswick.
More information on the deal is available by visiting Novacap website: http://www.novacap.ca/en/news/tmt/novacap-makes-strategic-investment-in-leading-edge-geomatics/.
More information or inquiries: