Recent Cases Sep 13, 2021
Sagard PE, a Power Corporation Conglomerate, Becomes Lou-Tec’s Majority Shareholder
Lou-Tec, a Terrebonne-based company owning a network of 30 machinery and equipment rental centres, has just increased its shareholding to include Sagard PE, Partenaires Walter Capital, Investissement Québec and BDC Capital of the Business Development Bank of Canada as co-investors.
Thanks to these new funds and business contacts, Lou-Tec will be well on its way to becoming Canada’s largest equipment and machinery rental company for construction sites. Lou-Tec’s goal is to develop the Western Canadian and Ontario markets through acquisitions or mergers of well-established equipment rental companies in these areas.
This is a first-time investment for Sagard Private Equity Canada (Sagard PE), an affiliated private equity fund of the Power Corporation conglomerate created in 2021. Sagard Private Equity Canada and Sagard PE were very impressed with Lou-Tec’s growth over the past few years. Lou-Tec manages about $150 million in assets of non-operated rental equipment and machinery for use by construction contractors.
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