Namakor Holdings

Namakor Holdings

Namakor Holdings was founded in 2015 by Managing Partners Patrick Dussault and Stéphane Huot, who had worked together for nearly two decades as private investors completing over CAD $340 million in transactions. The firm is anchored in Tampa with an additional office in Montreal and builds on Dussault's banking background at BMO and National Bank of Canada alongside Huot's operational roles at Bombardier Transport and Johnvince Foods. The firm does not manage a disclosed pool of outside capital; it operates as a private investment platform focused on acquiring and scaling industrial manufacturing businesses. The firm targets niche industrial manufacturing companies in the US and Canada with EBITDA between $5 and $12 million on sales of $25 to $125 million. Its investment mandate covers majority recapitalizations, family-owned business succession, and full acquisitions. The portfolio spans heavy equipment, industrial transport, fencing, and advanced HMI technologies. Confirmed positions include CMI, a manufacturer of tracked mulching carriers operating across the US, Canada, and France; Métallomax, a designer of custom industrial transport equipment under the Redlift brand; Frontenac, a one-stop fencing manufacturer; and e2ip, a specialist in Human Machine Interface technologies for the medical, aerospace, and defense sectors. The firm also realized an exit from Gelpac, a packaging supplier for the food, chemical, and pharmaceutical industries. Namakor's senior team mixes private equity, operations, and investment banking talent. Senior Partner Vivek Seth founded Sunsar Capital Management and previously served as Vice Chairman of Investment Banking at Raymond James, having completed transactions exceeding $110 billion. Partner Abhinav Capoor manages the investment team and previously worked at Sunsar Capital and Wipro Consulting. The operations bench includes Vice President Luc Germain Dugas, a former senior operations leader at Dyno Nobel and General Dynamics. Co-Founder Patrick Dussault is an active board member of the Young Presidents' Organization (YPO) in both Canada and the United States, a network the firm leverages for sourcing and relationships. What distinguishes Namakor structurally is its embedded operations group. A dedicated in-house team, rather than external consultants, leads manufacturing optimization, integration planning, and cross-border expansion for each portfolio company, a model more common among large-cap industrials than lower-mid-market buyout firms. This operating capability is paired with a cross-border US–Canada footprint, allowing the firm to execute acquisitions and market entry on both sides of the border with internal resources rather than through local partners.