# Novacap acquires majority interest in Globe Electric Company

Novacap, in partnership with Fonds de solidarité FTQ and Fondaction, acquired a majority interest in Globe Electric Company, a Montreal-based consumer lighting and electrical products company. CEO Edward Weinstein and senior management retain substantial ownership.

- Type: Acquisition
- Announced: 2021-05-12
- Where: Montreal, Canada
- Status: completed
- Products: consumer lighting, electrical products
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Fonds de solidarité FTQ](https://endata.com/companies/323.md) (partner)
- [Fondaction](https://endata.com/companies/9527.md) (partner)
- [Novacap](https://endata.com/companies/10320.md) (acquirer)
- [Globe Electric Company](https://endata.com/companies/55063.md) (target)

## Sources

- [newswire.ca](https://www.newswire.ca/news-releases/novacap-acquires-interest-in-globe-electric-company-805022833.html), 2021-05-12: "Novacap, one of Canada's leading private equity firms, in partnership with Fonds de solidarité FTQ and Fondaction, today announced that it has acquired a majority interest in Globe Electric Company."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.