Montreal-based property and casualty insurance firm Consilium Insurance has partnered with Novacap, a North American private equity firm.
Novocap will support Consilium’s growth and expand its presence across Canada, as the company seeks to establish a national platform in the damage insurance brokerage industry. At the same time, the partnership underscores Novacap’s ongoing interest in supporting growth within the financial services sector.
Founded in 2013, Consilium Insurance provides personalized insurance services to commercial and individual clients, focusing on the middle market. Consilium is the seventh platform investment for Novacap’s Financial Services I fund.
“Novacap is thrilled to partner with Consilium and support their vision of becoming a leading national insurance brokerage,” said Jean-Philippe Garant, principal in financial services at Novacap.
“Consilium’s commitment to excellence and service aligns perfectly with our values. Together, we will create long-term value by leveraging our combined resources to drive growth.”
“Joining forces with Novacap marks a significant milestone for Consilium. Their extensive experience in the insurance industry and strategic support will be invaluable as we embark on this next phase of growth,” commented Christian Foisy, president of Consilium. “We look forward to expanding across Canada and North America while maintaining the high standards of service we offer our clients.”
Novacap manages over C$10 billion in assets, investing in middle-market companies across sectors, including technologies, industries, financial services, and digital infrastructure. Since its founding in 1981, the firm has invested in over 250 companies and operates offices in Montreal, Toronto, and New York.
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