Sagard Private Equity Canada acquires Groupe LOU-TEC

Sep. 19, 2021

Sagard Private Equity Canada (“Sagard PE”), Montreal, the new Canadian mid-market private equity fund of Sagard, has acquired Groupe LOU-TEC, a leading heavy machinery and equipment rental company operating mainly in the province of Quebec. Alongside current Groupe LOU-TEC management and shareholders, Sagard PE is joined in the acquisition by Walter Capital Partners, Investissement Quebec and BDC Capital.

Founded in 1979, Groupe LOU-TEC is one of the leading equipment rental companies in Quebec, operating with more than 400 employees throughout 30 locations across the province. Groupe LOU-TEC offers a large, diversified and well-maintained fleet of equipment in all key categories including aerial and excavation, the company says.

“Our investment in Groupe LOU-TEC is a great example of Sagard PE’s strategy of partnering with strong companies and working together with co-investors to accelerate their journey towards market leadership. We have been impressed with LOU-TEC’s long track record of growth in a highly dynamic marketplace, and we are proud to partner with CEO Jean-Marc Dallaire and his team for our inaugural investment,” said Marie-Claude Boisvert, partner and head of Sagard PE.

“We are honored to partner with Sagard as well as highly respected investors Walter Capital, Investissement Quebec and BDC Capital to pursue our mission and passion to support our clients in carrying out their construction, renovation and maintenance work. For over 40 years, Groupe LOU-TEC has helped build Quebec through its leadership in the rental industry,” said Jean-Marc-Dallaire, president and CEO, Groupe LOU-TEC.

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