Novacap is pleased to announce the acquisition of Consilium Insurance Inc. (“Consilium”).
This strategic partnership is aimed at accelerating Consilium’s growth, expanding its presence across Canada and creating a first-rate national platform in the damage insurance brokerage industry.
By joining forces with Consilium, Novacap intends to support the company’s vision of becoming a key insurance brokerage firm in Canada. This collaboration underscores their shared values of excellence and service, and aims to generate long-term value by using shared resources to drive growth.
Moreover, this alliance will enable Consilium to enter a new phase of growth, expanding its activities across Canada and North America while maintaining high standards of service for their clients.
This investment reflects Novacap’s commitment to fostering growth in the financial services sector by partnering with dynamic companies ready for expansion. Consilium becomes seventh investment platform in Novacap’s Financial Services I fund.
Fasken advised Novacap on this transaction with a team consisting of Kiran Singh, Vincent Chaurette, Aurélie Ménard, Carolina Fusco, Émilie Barreca, Felicia Yifan Jin, Martin Racicot, Marwan El-Sayegh, Nicolas Charest, Rhonda Grintuch, Florence Gauthier and Brooke Naomi Levy.
