Capstone Partners advised Novitech—a leading inline pipeline inspection technology and data analytics company—part of the Campos Family of Companies, on a growth investment from BP Energy Partners.
Founded in 2015 Novitech, Inc. is an inline pipeline inspection and mapping services company capable of detecting, sizing, and identifying damage mechanisms, including deformations, complex corrosion, and cracking, in liquids and natural gas pipelines through its proprietary and modular Micron technology. Founded by Ron Thompson and Marco Campos, they are headquartered in Toronto, ON and have a U.S. based operations center in Commerce City, CO. In 2024 they were awarded PPIM’s Innovation Award for Integrity Management of Off-Axis Stress Corrosion Cracking (SCC) by Direct Detection through an in-line inspection (ILI) system & Engineering Assessment. For more information, visit their website here.
“I’m extremely proud of what we’ve accomplished and built over the term of our partnership with Campos thus far,” said Ron Thompson, Co-Founder, President, and CEO of Novitech. “Novitech is uniquely positioned to compete in the marketplace, and we look forward to leveraging BPEP’s financial and strategic expertise to further scale our growth-focused company and address the needs of our customers.”
We’re thrilled for Ron and the Novitetch team. They’ve built an industry-leading technology package that will be a disruptive force in the ILI sector. Capstone is honored to have been a part of bringing this partnership together.
“We are proud and excited to be partnering with Novitech and Campos,” said Michael Watzky, BP Energy Partners’ Co-Founder and Managing Partner. “Ron and Marco have built an exceptional company based on technology-enabled solutions that advance pipeline diagnostics and risk assessment to higher standards.”
Campos Holding Company includes a portfolio of eight industry leading energy infrastructure companies serving North America. Headquartered in Denver, CO and established in 2005, the Campos Family of Companies provide feasibility through commissioning solutions and O&M support for our clients. Campos Holding Company has 30+ offices with 800+ employees. For more information, visit their website here.
BP Energy Partners is a Dallas, Texas based lower-middle market private equity firm that invests alongside entrepreneurs, family-owned businesses, and companies through growth equity and buyout transactions. The firm focuses on energy and energy-intensive industries and companies that generate returns and reduce emissions. Investment themes include Value-Add Infrastructure, the Natural Gas Value Chain, Electrification, and Environmental Management. Founded in 2013 and initially sponsored by T. Boone Pickens, BPEP manages over $700 million in committed capital. For more information, visit their website here.
The expert investment banking professionals on Capstone Partners’ Energy Team work with leading middle market companies operating in the Energy sector to advise with their strategic decision-making in order to maximize financial outcomes at every stage of the business lifecycle. Our firm has developed a full suite of corporate finance solutions, including M&A advisory, debt advisory, financial advisory, and equity capital financing to help privately owned businesses and private equity firms address any need, ranging from growth and financial or operational advisement to an ultimate exit transaction. To learn more about this transaction, or about the benefits of starting a relationship with our Energy Banking Team, contact us here.
