Deal Details

Onstream Is Acquired by MISTRAS

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Summary

About

Onstream is a leading provider of proprietary, technology-enabled inline inspection and data analytics services, and is a leading provider of inline inspection services in the “unpiggable” segment of the small to mid-bore North American gathering and midstream pipeline market. Onstream was founded in 2005 and is headquartered in Calgary, Canada.

Novacap is a leading Canadian private equity firm with C$2.3 billion of assets under management. Novacap’s unique investment approach, based on deep operational expertise and an active partnership with entrepreneurs, has helped accelerate growth and create long-term value for its numerous investee companies. With an experienced management team and substantial financial resources, Novacap is well positioned to continue building world-class companies. Novacap was founded in 1981 and is headquartered in Longueuil, Canada.

MISTRAS is a leading “one source” global provider of technology-enabled asset protection solutions used to maximize the uptime and safety of critical energy, industrial, and public infrastructure. MISTRAS combines our industry-leading services, systems and technologies to provide a unique, custom-tailored solution for each customer’s individual asset protection need. MISTRAS asset protection portfolio includes field and laboratory inspections & testing, engineering services for asset integrity management, maintenance and light mechanical services, online asset-condition monitoring services and manufacturing of inspection and monitoring equipment. MISTRAS was founded in 1978 and is headquartered in Princeton Junction, New Jersey.

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