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NavStar has been acquired by Vance Street Capital
About the client
NavStar Geomatics Ltd. (NavStar) is a global leader in deformation monitoring technology, a process critical to structural safety. NavStar’s technology measures shape changes in structures that result from stress created by applied loads (used for bridges, tunnels, roads, construction sites etc.), and its mission is to improve safety and productivity for organizations worldwide.
Founded in Kelowna, NavStar has been providing solutions, products, and support to clients in the mining, oil and gas, power, construction, and government sectors since 2008. The company was experiencing significant growth, but to reach its full potential and a wider network of customers, owners needed a buyer who aligned with their vision—and a helping hand to navigate the selling process.
Our team was there to support NavStar from beginning to end, helping them find a buyer who was the right fit, along with driving the value of the deal. We also supported an extensive due diligence process and our accounting and tax teams helped coordinate the necessary financial and tax documentation. Our efficient approach and transactions expertise resulted in several buyers putting forth strong offers, but it was Vance Street Capital LLC (Vance Street) that was the top choice.
For more than two decades, private equity firm Vance Street has worked alongside management teams and family business owners to help promote revenue growth, improve operations, and acquire strategic assets. NavStar was a natural fit for Vance Street’s Terra Insights platform, known for providing trusted technology and data delivery solutions for more than a thousand clients worldwide.
Deal summary
Client
NavStar Geomatics Ltd.
Transaction type
Divestiture
Services provided
M&A
Sector
Technology solutions
Close date
October, 2022
The client experience
"Working with Grant Thornton's advisors helped us feel supported and confident in our decision to sell our business. Their guidance through the sell-side process was invaluable, along with their responsive approach to any questions or concerns we had along the way. The team exceeded our expectations, and, with their assistance, the process ran smoothly and led to a successful transaction which we’re more than happy with. We look forward to NavStar’s next chapter and we’re grateful to the team at Grant Thornton for helping to make it happen."
NavStar Geomatics Ltd.
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