Nova Capital buys BMP Group and RB Medical from Andrew Industries
What's the deal? Private equity firm Nova Capital ManagementDealroom has a profile for this one. Try Dealroom → has acquired the BMP GroupDealroom has a profile for this one. Try Dealroom → of companies and RB Medical from Andrew IndustriesDealroom has a profile for this one. Try Dealroom →. Nova announced the deal on October 2, 2026. Terms were not disclosed.
What do they do? BMP Group is a global manufacturer of industrial consumable components and sub-assemblies, serving markets including office automation, filtration, automotive, domestic appliances, sustainable tree protection, and renewable energy. RB Medical is a specialized healthcare products business serving the UK medical sector. Both operate across multiple international locations.
Why Nova? Nova focuses on acquiring and growing industrial and specialized manufacturing businesses. Partner Omiros Millas said a "key attraction for us is the quality of the businesses and the people behind them."
What changes? Nova plans to keep the existing management teams in place. Millas and Nova operating partner Carl Francis will jointly oversee both businesses, working on strategy, investment, and development.
What's the endgame? Founder and managing partner David Williamson said Nova sees "significant opportunity to build upon those foundations through continued investment, operational improvement, product innovation and long-term growth." The firm also flagged scope for "greater collaboration across the group."
The seller's view: Andrew Industries chief executive officer Mark Bennett called the businesses "important parts" of the company and said Nova is "the right long-term owner to support the businesses in their next phase of development and growth."
The signal: The deal reflects continued private equity appetite for carve-outs of niche industrial manufacturers with established customer bases and technical expertise — assets prized for their stability and room for operational improvement.
Read more: finance.yahoo.com
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