LOU-TEC, Quebec’s leading construction equipment rental company, is honored to be named one of Canada’s Best Managed Companies. This national distinction is awarded annually to Canadian businesses recognized for exemplary and innovative practices. As a result, LOU-TEC has joined an elite group of companies known for operational excellence.
Celebrating Leadership and Innovation
For over 30 years, the Best Managed Companies program has highlighted the performance of private Canadian firms with annual sales exceeding $50 million. Notably, companies are evaluated based on key criteria such as strategic leadership, organizational culture, innovation, governance, and financial performance.
Strong Growth and Expansion Strategy
In recent years, LOU-TEC has followed an impressive growth trajectory. Specifically, the company has doubled its sales and completed multiple acquisitions. Among them, the acquisition of Torcan Lift Equipment in fall 2023 has strengthened its presence in Ontario. Thanks to this expansion-through-integration strategy, LOU-TEC has extended its reach across both Quebec and Ontario. Moreover, with the largest fleet of lifting equipment in Quebec, the company remains committed to delivering high-quality service.
Customer-Focused and Solution-Oriented
LOU-TEC’s mission is to satisfy more customers every day. To achieve this, the company provides custom solutions to address the unique challenges faced by construction and industrial sites. Consequently, this approach reinforces LOU-TEC’s reputation as a trusted equipment rental provider in Eastern Canada.
Recognition of a Collective Effort
According to President and CEO Jean-Marc Dallaire, this national recognition reflects years of hard work and a shared vision: “This distinction is the culmination of several years of transforming the company to stand out from the crowd, while capitalizing on the potential of our human capital.” Therefore, LOU-TEC continues to seek new opportunities to fulfill its vision of becoming a national leader in equipment rental.
Supported by Strategic Financial Partners
The company’s growth is supported by major financial partners, including Sagard Private Equity Canada, Walter Capital Partners, Investissement Québec, BDC Capital’s Growth Equity Partners, and the Fonds de solidarité FTQ. This support enables LOU-TEC to expand into new territories and launch technology-driven projects that enhance its competitive edge.
A Global Standard of Excellence
The Canada’s Best Managed Companies program is an international symbol of excellence. It celebrates Canadian-owned and managed companies that drive innovation and achieve sustainable growth. “Exploring new avenues for the advancement of tomorrow, this year’s Best Managed winners displayed courage, resourcefulness, and creativity,” said Derrick Dempster, Partner, Deloitte Private and Co-Leader, Canada’s Best Managed Companies program. “We’re extremely proud to highlight the impressive achievements of companies such as LOU-TEC in a rapidly evolving business world. Their exceptional accomplishments leave you feeling inspired, celebrated, and connected.”