Private equity firm Novacap has partnered with Consilium Insurance, a property and casualty insurance firm.
The work between Novacap and Consilium aims to speed up the latter’s growth and expand its operations across Canada. Also, the firms target a robust national platform in the damage insurance brokerage industry.
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Consilium is headquartered in Montreal and was founded in 2013 to bring large company expertise and service to the middle market.
Furthermore, the investment in Consilium demonstrates Novacap’s dedication to fostering growth in financial services.
“Novacap is thrilled to partner with Consilium and support their vision of becoming a leading national insurance brokerage” said Jean-Philippe Garant, Principal, Financial Services, at Novacap. “Consilium’s commitment to excellence and service aligns perfectly with our values. Together, we will create long-term value by leveraging our combined resources to drive growth.”
“Joining forces with Novacap marks a significant milestone for Consilium. Their extensive experience in the insurance industry and strategic support will be invaluable as we embark on this next phase of growth,” commented Christian Foisy, President of Consilium. “We look forward to expanding across Canada and North America while maintaining the high standards of service we offer our clients.”
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By GlobalDataFounded in 1981 to partner with visionary entrepreneurs, Novacap focuses on middle market companies in four core sectors: Technologies, Industries, Financial Services, and Digital Infrastructure.
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