Investment Focus
Noverra Active Equity Fund is looking to acquire well performing operating businesses with Enterprise Values up to $20M.
Primary Acquisition Criteria:
- Acquisition value of between $5M and $20M
- Profitable, with 5+ years of solid operating history; EBIT levels of $1.5M to $5M
- Good reputation with its customers and a strong competitive position within its industry
- Diversified and steady customer base; recurring revenues from existing customers are desirable
- Experienced staff with solid operational managers in place
- Able to transition the owner out of the business over a reasonable period, without degrading the business results
- Potential for growth to enhance value over time
- Although we are business acquirers, selling 100% ownership is note mandatory. In the right situations, we will explore partnering with a n owners looking to exit their business in stages.
Geographic Focus:
- We are primarily focused on acquisitions in the Western Canadian provinces of BC and Alberta
- We will, however consider good acquisition candidates in other Canadian provinces or the North Western United States
Industry Focus:
- We are generalist and as such will consider investments in a wide range of businesses that meet our primary acquisition criteria
- Of particular interests are companies that are good candidates for levered acquisitions and are in industries our partners know and understand. These include, but are not limited to:
- Transportation & Logistics
- Distribution, especially where service is a significant portion of revenues
- Building / Real-Property Services
- Healthcare and Wellness
- Education and Training
- Agriculture; Food Manufacturing & Services
- Services for Resource Based Companies (e.g. Oil & Gas, Mining, Agriculture, etc.)
- Speciality Products Manufacturing
The structure of every deal is unique; however, we believe that successful deals involve fair value for both parties, and a strong relationship through an effective transition
- Our group looks to acquire companies at a fair value for both parties based on historical performance that can be repeated going forward
- We believe that a successful business acquisition involves a well structured transition from the current to the new owners; a good relationship and well structured program through this transition period is very important to successfully create value through the transaction