Lou-Tec acquires Accès Location +
21 June 2022
Canadian rental operator Lou-Tec has acquired aerial lift equipment rental specialist Accès Location +. The deal was completed June 17 and no financial details were provided.
Headquartered in Montreal, Quebec, Lou-Tec said the acquisition consolidates its position as a leader in the heavy machinery, tools and specialized equipment rental industry in the province.
With an average age of four years, Lou-Tec said its fleet of aerial lift equipment is the newest in Quebec. The company has a network of 28 locations, including a new site in Drummondville set to open in the coming weeks.
Lou-Tec is a owned by Sagard Private Equity Canada and its financial partners, Walter Capital, Investissement Québec, BDC Capital and the Fonds de solidarité FTQ.
Jean-Marc Dallaire will continue as president and CEO of Lou-Tec, while Luc Bertrand, president of Accès Location +, will join Lou-Tec’s Executive Committee and will now hold the position of vice president, Development, Strategies and Marketing within the organization.
“With the support of our financial partners, today we can consolidate our position as a Quebec leader in the industry and we are taking an important step towards achieving our vision of becoming a major player across the country by 2030,” said Dallaire.
“The acquisition of Accès Location + allows us to bring together passionate people who are committed to meeting our customers’ most demanding requirements and who are proud to share their expertise and know-how.”
“We are turning an important chapter in the history of Accès Location +,” Bertrand added, “and it is a privilege to join Lou-Tec, a Quebec-based company that works with the same rigour and concern for providing the quality service our customers have come to expect.
“Together and thanks to our common values, we will be stronger in fulfilling the company’s vision and developing our market share in Quebec and Canada.”