November 10th, 2020 – Novacap is pleased to announce that its portfolio company, The Master Group, the most important independent distributor of heating, ventilation, air conditioning and refrigeration products (CVCA-R) in Canada has completed the acquisition of Alberta-based Soper’s Supply Ltd. (“Soper’s”). Soper’s specializes in the sale and distribution of electric motors, fans, blowers, and pumps and is one of Canada’s largest distributors of HVAC-R motors. Soper’s services Western Canada from their branches in Winnipeg, Edmonton, Calgary, Surrey and Vancouver.

Soper’s is recognized for its vast inventory, extensive knowledge, and high level of expertise in the electric motor sector, as well as in the replacement motor field. Soper’s has developed market leading competencies that quickly and efficiently identify replacement equivalents to most motors.  This new partnership represents a fantastic diversification opportunity for The Master Group.

“The acquisition of Soper’s allows us to diversify into electric motors, and to join forces with the most qualified experts in this field across Canada. This association will be a great opportunity to expand our product offering for the benefit of all customers from coast to coast,” explains Louis St-Laurent, CEO, The Master Group. “We are very proud to welcome Soper’s team into the Master family.”

“The Master team has similar values to ours,” said Jim Moroz, President, Soper’s. “As a family business, it was imperative to join a company with the same customer service focus and one that provides a healthy and opportunity-filled work environment to our employees. We are delighted with this transaction, to work within a recognized Canadian company that has assumed leadership in its field for so many years. ”

About Novacap

Founded in 1981, Novacap is a leading Canadian private equity firm with CA$3.6 billion of assets under management. Its distinct investment approach, based on deep operational expertise and an active partnership with entrepreneurs, has helped accelerate growth and create long-term value for its numerous portfolio companies. With an experienced management team and substantial financial resources, Novacap is well positioned to continue building world-class businesses. Backed by leading global institutional investors, Novacap’s deals typically include leveraged buyouts, management buyouts, add-on acquisitions, IPOs, and privatizations. Over the last 39 years, Novacap has invested in more than 90 companies and completed more than 130 add-on acquisitions. The firm has offices in Brossard, Quebec and Toronto, Ontario. For more information, please visit www.novacap.ca.

About The Master Group
A leader in the heating, ventilation, air conditioning, and refrigeration sector for over 68 years, The Master Group has been named one of Canada’s best-managed companies since 2010 and is the largest HVAC/R distributor in Canada. The company now employs over 950 dynamic and devoted individuals who serve the industry at more than 44 branches and 4 distribution centres from British Colombia to the Atlantic Provinces. To learn more, go to master.ca or follow us on LinkedIn at linkedin.com/company/themastergroup.

About Soper’s Supply Ltd.

The team of experts at Soper’s has been serving customers in Western Canada since 1968 specializing in the replacement of electric motors and fans. They are a principal supplier and distributor of branded products. Soper’s has business locations in Vancouver, Surrey, Calgary, Winnipeg and head office in Edmonton, Alberta. Over 90% of the products sold by Soper’s are in inventory. Their commitment to customer service has helped make Soper’s the number one supplier of electric motors, blowers, fans, circulation pumps and related products.

For further information: Novacap: Alexandra Troubetzkoy, NOVACAP, +1 450-651-5000 ext.291, atroubetzkoy@novacap.ca