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§ Private Profile · Provo, UT, USA
NovaPick is a company.
Key people at NovaPick.
NovaPick develops advanced diamond-enhanced picks and technologies for road milling and surface preparation. These products optimize asphalt and concrete removal, delivering enhanced durability and cutting performance. This technology improves road surface quality, safer construction, and reduces operational costs via minimized equipment wear and fuel consumption.
The NovaPick brand operates under Novatek, Inc., a Provo, Utah-based enterprise. Novatek began using the NovaPick trademark for machinery products in 2006, leveraging its expertise in industrial surface preparation. The brand’s inception arose from recognizing demand for resilient, efficient cutting tools within road construction. Founder specifics are not publicly detailed.
Companies in road construction and infrastructure maintenance form NovaPick's core customer base, deploying its offerings for improved productivity and cost-efficiency. The brand’s vision is to advance surface removal technology, ensuring superior road finishes, extended tool lifespan, and substantial operational savings for infrastructure projects.
Key people at NovaPick.
No company named NovaPick appears in available sources. The closest match is Novacap, a North American private equity firm founded in 1981, specializing in mid-market buyouts to drive growth in portfolio companies.[1][3] Novacap manages over C$8 billion in assets under management (AUM), with offices in Montreal, Toronto, and New York, and has partnered with over 100 companies across 60+ cities, completing 150+ add-on acquisitions.[1][3] Its mission centers on acting as an equitable partner and decisive advisor, pursuing excellence to unlock untapped potential and create long-term value, particularly in sectors like media measurement (e.g., IAS acquisition for US$1.9B), financial services (e.g., Revau continuation vehicle), and industrial tech (e.g., NDT Global reinvestment).[1]
Novacap's investment philosophy emphasizes building world-class companies through entrepreneurial vigor, with a proven track record including CVCA Private Equity Deal of the Year and Regional Impact Awards in 2025.[1] It influences the startup and mid-market ecosystem by supporting strategic expansions, such as U.S. market growth for portfolio firms, and maintaining 3 funds in market as of late 2024–early 2025.[3]
Novacap was founded in 1981 as a trusted partner for ambitious entrepreneurs, evolving into a leading private equity firm with over 40 years of experience in mid-market buyouts.[1][3] Key partners include Lead Senior Partner David Lewin, Partners David Brassard and David Armstrong, and Investor Relations Manager Chelsi Fahrngruber, based primarily in Brossard, Canada, with additional presence in Ontario.[3] The firm's focus has expanded from initial buyouts to include continuation vehicles, reinvestments, and large-scale acquisitions, raising funds like its fifth at C$940M and managing 12 closed funds totaling significant capital.[1][3] Pivotal moments include recent 2025 deals like the IAS acquisition and CVCA awards, underscoring its growth from regional player to North American leader.[1]
Novacap rides the trend of consolidation in tech-adjacent sectors like media tech (IAS platform), fintech (Revau), and industrial inspection tech (NDT Global), capitalizing on market forces favoring scaled mid-market players amid economic shifts toward directs and buyouts.[1][3] Timing aligns with post-2024 private equity maturation, as seen in CDPQ's record directs and Novacap's fundraises (e.g., C$940M Fund V).[3] It influences the ecosystem by enabling portfolio growth through capital and expertise, bridging North American markets and supporting unicorns-to-be via buyouts rather than pure VC, amid rising demand for integrity-focused operators in fragmented industries.[1]
Novacap is poised for continued dominance in mid-market PE, with 3 active funds (opened Dec 2023–Feb 2025) signaling robust LP confidence and pipeline for more billion-dollar deals.[3] Trends like U.S. expansion, tech-enabled inspections, and media optimization will shape its trajectory, potentially growing AUM beyond C$8B via Fund VI and beyond.[1][3] Its influence may evolve toward deeper tech integrations and global reach, solidifying its role as a growth engine—much like its 40+ year commitment to transforming ambitious ventures into world-class successes.[1]
