Nova Acquires Five in Canada

Nova Capital Management has acquired five industrial businesses in Canada from Amalgamated Metal: Wilkinson Steel and Metals, Exchanger Industries, the East and West Canada divisions of National Concrete Accessories and Debro Chemicals & Pharmaceuticals. Equity financing for the deal was provided by Nova, HarbourVest Partners, Morgan Stanley Alternative Investment Partners, Headway Capital Partners and Parish Capital Advisors, while the debt financing was led by HSBC Bank Canada.