Novacap, one of Canada’s leading private equity firms, announced that it has acquired a significant equity interest in Cofomo, Canada’s leading provider of business talent management, information technology (IT) and digital transformation consulting services.
“We are proud to partner with Cofomo, an industry leader with an impressive track record of growth over the past 26 years. Cofomo’s success is based on a clear vision, a solid business model and strong execution. We are thrilled to work with Régis Desjardins and his talented team to pursue their continued success,” said Pascal Tremblay, President, CEO and Managing Partner of Novacap.
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“Our partnership with Novacap is a strong vote of confidence in our firm and its growth potential. This investment will help us achieve our ambition of consolidating our leadership position in the Canadian market, all while working together and leveraging each other’s strengths. In an industry in transformation, we will now be able to enhance our firm’s offering, accelerate our growth and solidify our unique positioning across Canada,” said Régis Desjardins, President of Cofomo.
A beneficial transaction for stakeholders
This transaction provides Cofomo with an increased capacity to accelerate the digital transformation of its major public and private sector clients. Present in Montreal, Quebec City and Ottawa, Cofomo’s team will remain unchanged, as will its commitment to the highest quality standards and its focus on the organizational values at the heart of its business strategies.
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Cofomo’s ability to adapt to evolving market needs has resulted in exceptional top line growth and consistently high levels of customer satisfaction. Cofomo has been recognized as one of Canada’s Best Managed Companies (2020 and 2021) because of its performance and sustained growth over the past several years.
“This partnership marks an important step in Cofomo’s growth strategy. We are confident in Cofomo’s ability to grow and solidify its position as one of Canada’s leading IT consulting firms,” added Éric Desrosiers, Senior Partner at Novacap.
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