Portfolio
Novae
Portfolio
Novae
Brightstar Capital Partners completed the acquisition of Novae in December 2021 in partnership with the Company’s founder and senior management team. The partnership will help the Company expand and continue to be one of the leading professional trailer manufacturers in North America.
INVESTMENT OVERVIEW
HEADQUARTERS
Markle, IN
YEAR OF INVESTMENT
2021
BCP BOARD MEMBERS
Matthew Allard BOARD CHAIR
Reidar Brekke
Gary Hokkanen
Noah Siegel
SECTOR
Industrial Services
Headquartered in Markle, IN, Novae is one of the fastest growing and well-respected trailer manufacturers in North America, operating six distinct brands including Sure-Trac, H&H Trailers, CAM Superline, Trailerman, ITI Cargo and Midsota. Founded in 1995, Novae has grown both organically and through acquisitions to become the second largest trailer manufacturer in North America. Novae currently has more than 1,100 employees, 15 manufacturing facilities and maintains an active dealer network of more than 500 partners.
Matthew Allard, Partner, Brightstar Capital Partners
“ The mission and values that Steve and his team at Novae built over 25 plus years have been critical to the Company’s growth and reputation for best-in-class products. We are excited to partner with Novae and execute on our ‘Us & Us’ model to accelerate the Company’s success in this expanding and fragmented industry. ”
KEVIN MEIER, PRESIDENT, TEXAS WATER SUPPLY
“ Brightstar’s knowledge of sustainable business practices has helped transform TWS into a diversified wholesale water supply company. Our partnership will help us continue to grow and serve our customers.”
Steve Bermes, Novae CEO
“ We look forward to partnering with the Brightstar team to take advantage of their operational expertise and relationship networks to continue Novae’s growth trajectory. ”
RAUL DEJU, PARTNER, BRIGHTSTAR CAPITAL PARTNERS
“ Texas Water Supply is making vital investments to provide a sustainable water supply to the Texas Hill Country region and serve the commercial and residential customers in their communities.”
