Canadian firm acquires majority stake in Smyth

Smyth Companies, a manufacturer of labels and label application equipment, has sold a majority share of its business to Novacap, a private equity firm based in Montreal, Canada.  

John Hickey, CEO of Smyth Companies, said: ‘Smyth has concluded a year long search to find the right partner and we are pleased to announce this partnership with Novacap who will supply the capital and acquisition expertise to expand our reach throughout North America and worldwide.’  

Novacap’s stated mission is ‘to invest in middle market companies that have the potential to become world leaders by helping to develop their markets, technology, and operations’.  

The Hickey family, proprietors of Smyth for more than 100 years, along with the entire Smyth management team, will retain a significant ownership stake in the company and continue in their current roles.  

Click here for more stories about Smyth on L&L.com.