Nova Sciences Holdings Receives $100M Equity Investment

Nova Sciences Holdings, a new platform entity formed to pursue acquisitions of metering, monitoring, measurement and control instrumentation businesses in a broad spectrum of industrial sectors, received a $100m equity investment.

Backers included Pamplona Capital Management and Ascent Venture Partners.

The company will use the funds to pursue acquisitions in the industrial instrumentation market.

Led by Chairman and CEO Jim Barbookles, Nova Sciences was formed to acquire and operate companies in the industrial instrumentation sector. Barbookles has previously executed several industrial technology roll ups including:
– Nova Analytics, which acquired companies in the water quality analysis and electrochemistry instrumentation industry;
– Nova Technologies, which acquired flow & analysis equipment companies focused on the water and wastewater analysis markets;
– Nova Metrix, a provider of precision geotechnical instrumentation, sensors, and monitoring products for the structural health, infrastructure, and ground water monitoring markets; and
– Nova Instruments, a provider of high-tech analytical instruments and non-destructive testing solutions for a broad range of scientific and industrial applications.

Previously, he was President and CEO of Thermo Orion, a major US water analysis and instrumentation manufacturer.

The board also includes Pamplona Partner Justin Perreault and Ascent General Partner Walter Dick.



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