The private shareholders of Capital Alliance Corp. client Onstream Pipeline Inspection Ltd. (Onstream), based in Alberta, Canada, recapitalized the company with the participation of private equity group NOVACAP, based in Quebec, Canada. The transaction achieved the exit of several existing majority shareholders while at the same time enabling the management team/minority shareholders to prepare for capturing future growth opportunities.
Onstream is a rapidly growing, highly specialized niche pipeline integrity services provider. The company services the small diameter inline inspection markets using the latest technologies to collect metal loss, inertial and geometry data in one survey. The company has been in business since 1995, operating throughout the province of Alberta and into British Columbia, and has gained a reputation for outstanding customer service, a commitment to safety and completion of inspection reports on time.