Consilium Insurance Partners with PE Firm Novacap for Canada Expansion

Novacap, a prestigious North American private equity firm, has formed a strategic partnership with Consilium Insurance, a property and casualty insurance company based in Montreal, to bolster Consilium's growth and facilitate its expansion across Canada. Founded in 2013, Consilium has established itself as a key player in offering personalized insurance services to a broad spectrum of clients. The partnership aims to create a national platform in the Canadian damage insurance brokerage industry. With Novacap's extensive experience and financial backing, Consilium is poised to become a leading national insurance broker. Novacap's Principal, Jean-Philippe Garant, expressed optimism about the partnership, highlighting Consilium's aligning values and strong commitment to excellence. Christian Foisy, President of Consilium, anticipates significant growth potential with Novacap's strategic support. Consilium becomes the seventh platform investment of Novacap's Financial Services I fund, reaffirming Novacap's strategy to partner with dynamic entities in the financial services sector and drive innovation and growth. With over CAD 10 billion in assets under management, Novacap continues its mission to support visionary entrepreneurs and management teams across core sectors, including financial services. The partnership aims to leverage combined resources for sustainable growth and development.