LOU-TEC acquires YEP
LOU-TEC Continues its Growth Strategy with the Acquisition of YEP Location D’équipements
MONTREAL, October 25, 2022 — LOU-TEC, the leading heavy equipment rental company in Quebec, continues to expand and solidify its position in heavy machinery, tool, and specialized equipment rental through the acquisition of Quebec-based YEP Location d’équipements (“Yep”). This is LOU-TEC’S second acquisition since the beginning of the year, following the purchase of Accès Location last June. It is part of the company’s strategy to consolidate the equipment rental market in Quebec with five new business locations in the Eastern Townships and Montérégie regions.
YEP has over 70 experienced employees and an inventory of more than 3,500 tools and equipment at four service points and one distribution centre between Sherbrooke and Montreal. The company has a strong reputation for the quality of its equipment, its operational efficiency, and its customer service. The new service points will make LOU-TEC’s operations in the Sherbrooke area and on Montreal’s South Shore more efficient so it can better serve its clients.
“We are very pleased to welcome YEP to the LOU-TEC family. Yep has a highly skilled team and we are confident they will help support and drive the current and future success of our business. We want to unite the strengths of both companies and draw on best practices to build a shared vision, ensure the long-term viability of our services, and offer a promising future for all our employees,” said Jean-Marc Dallaire, president and CEO of LOU-TEC.
The transaction was completed with the full cooperation of the current leadership of YEP, who will stay in their respective positions to ensure the company continues to serve its clients with its established, high standards. Marco Fortin, General Manager of YEP, commented “This is a great opportunity to develop a strong relationship with the LOU-TEC team, who we’ve worked with
many times in the past. Together, we’ll be able to offer an impressive fleet of equipment, cover a larger area, and respond effectively to the growing needs at job sites throughout Quebec.”
LOU-TEC is looking for opportunities to fulfill the company’s vision of becoming a major player in the equipment rental industry across the country. The company can count on its financial partners, Sagard Private Equity Canada, Walter Capital Partners, Investissement Québec, BDC Capital, and Fonds de solidarité FTQ, to help it expand into new markets and launch projects that will set it apart from the competition, particularly in terms of technology.
Founded 43 years ago, LOU-TEC is a Quebec-based company that is a lead player in heavy machinery, tool, and specialized equipment rental. It has 33 business locations in Quebec and Ontario, the most recent being in Drummondville. LOU-TEC employs more than 500 employees who are committed to providing flawless service and safe and efficient equipment. The company is always on the lookout for new trends, constantly investing in new equipment and advanced technology. LOU-TEC won the “successful business strategies” and “business of the year” awards at the 2022 Les Mercuriades gala.
YEP Location d’équipements originated from the merger of two major companies in the industry, Location Fleurimont Inc. and Location St-Jean. Founded in 1977, Location Fleurimont Inc. is well known in the Eastern Townships, and its exceptional growth has led it to open new points of service. In 2006, Location St-Jean entered the market and expanded rapidly, becoming a strong and influential family business. In 2019, the two companies joined forces under the new YEP Location d’équipements banner in 2021. The company has a strong reputation, five business locations, and a dynamic team of more than 70 employees who provide outstanding service to its customers.
For more information, please contact:
C: 514 794-6127 / [email protected]
LOU-TEC acquires Accès Location +
The alliance of the two companies consolidates LOU-TEC’s position as a Quebec leader in the rental industry
Montreal, Monday, June 20, 2022— LOU-TEC, a network of rental experts known as the industry reference in Quebec since 1979, announces the acquisition of Accès Location +, the aerial lift equipment rental specialist, and consolidates its position as the Quebec leader in the heavy machinery, tools, and specialized equipment rental industry.
With this acquisition, LOU-TEC becomes a key player in helping to build Quebec. Its clients, mainly contractors working in the industrial, commercial, and residential construction sectors will have access to an impressive fleet of aerial lift equipment and a wide range of complementary equipment.
Both companies have excellent reputations and the best sales forces in the market. By leveraging their combined expertise, services, and offerings, as well as joining sales forces, they will provide a remarkable experience to their customers.
LOU-TEC will also now have one of the most notable fleets of aerial lift equipment in Canada. With an average age of four years, this fleet is the newest in the industry in Quebec. LOU-TEC’s extensive network of 28 locations, including the opening of a new site in Drummondville in the coming weeks, will allow customers to take advantage of rapid delivery to job sites throughout Quebec. This regional presence allows for quick responses to urgent requests thanks to the inventory available at the branches, from heavy machinery to specialized and frequently used equipment.
« 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. 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. »
– Jean-Marc Dallaire, President and CEO, LOU-TEC
« We are turning an important chapter in the history of Accès Location + 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. »
– Luc Bertrand, President, Accès Location +
Read the article on La Presse HERE: https://www.lapresse.ca/affaires/entreprises/2022-06-20/equipements-de-chantier/lou-tec-achete-acces-location.php
LOU-TEC GROUP; FINALIST IN THE PRESTIGIOUS CONTEST LES MERCURIADES 2022
LOU-TEC Group is very proud to be among the finalists in the “successful business strategies” category, an award presented by the Quebec CPA order. This Mercury rewards a growth strategy developed by the company with the aim of reaching its full potential.
Launched in 1981 by the Fédération des chambres de commerce du Québec (FCCQ), Les Mercuriades is today the most prestigious business competition in Québec. Each year, it celebrates innovation, ambition, entrepreneurship and the performance of local businesses, both within SMEs and among large companies.
Congratulations to Jean-Marc Dallaire and our partners for this honor!
LOU-TEC at the front page of Business Elite Canada Magazine
Business Elite Canada magazine dedicates its central article and the front page of its October 2021 edition to LOU-TEC Group.
With over 40 years of supporting Quebec’s entrepreneurs in their projects with its wide variety of reliable tools and equipment and its team of rental experts, the story continues as LOU-TEC Group enters a new era!
Learn more by reading this article: www.businesselitecanada.com/emag/oct-2021
Thank you to Business Elite Canada for this extraordinary review on LOU-TEC Group Inc. and its partners!
FOCUS ON GROWTH THANKS TO A NEW FINANCIAL PARTNERSHIP
Terrebonne, September 8, 2021 – LOU-TEC Group Inc. announces the closing of a transaction and the establishment of a new financial partnership.
Sagard Private Equity Canada (hereinafter “Sagard”), with the support of the management and current shareholders of the LOU-TEC Group, led this investment by partnering with Walter Capital Partners, Investissement Québec and BDC Capital.
It is a new era that is dawning for LOU-TEC Group. The significant contribution of new capital combined with the extended contact network of Sagard and other financial partners, the renewed commitment of our shareholders and all the talent of our team dedicated to our mission of filling more clients every day, will allow us to achieve our ambitious growth plans, increase our market share and achieve our common goal of positioning ourselves as a major player across the country by 2030.
Discover the advantages of entrusting your rental needs to LOU-TEC Group by watching this: https://www.youtube.com/watch?v=7HaGeStJj58
Sagard Press Release: http://www.newswire.ca/en/releases/archive/September2021/08/c2302.html
Following the governments’ decision to close construction sites and non-essential businesses, we will maintain our activities deemed essential and the majority of our places of business will remain open.
You can contact one of our Lou-Tec rental experts by phone by dialing the number of your usual branch.
Rest assured that we are mindful of recommended safety procedures and take every precaution to protect our customers, employees and their families.
Thank you for your understanding and we look forward to assisting you.
The Lou-Tec team
New CEO at the Helm of Groupe Lou-Tec
Groupe Lou-Tec, the largest network of equipment rental centres on the east side of the country, is pleased to announce the appointment of Jean-Marc Dallaire to the position of President and CEO.
An entrepreneur and a recognized leader in the industrial equipment rental business for more than 12 years, Mr. Dallaire has successfully managed many mergers and acquisitions. Since 2017, he has dedicated his energy, creativity and client-centred approach to his work as Vice-President of Sales and Operations of the twelve Lou-Tec corporate locations. With the support of his team, he has implemented several innovative projects focused on improving the performance and efficiency of sales and operations, all for the greater benefit of Lou-Tec customers. Mr. Dallaire completed a Bachelor of Applied Science (Engineering) and an MBA at Université Laval.
“His professional baggage and great management skills have made Mr. Dallaire a natural fit for this strategic position,” explained Gilles C. Lachance, Chair of the Groupe Lou-Tec Board.
Mr. Dallaire officially took up his duties on October 8, 2019.
12 LOU-TEC locations in Quebec city, Montreal and Gatineau merge their operations
Montreal, June 15, 2017 – LOU-TEC Group Inc. is pleased to announce the merger of 12 LOU-TEC locations in the Quebec City, Montreal and Gatineau/Ottawa areas. With this merger, seven LOU-TEC affiliated locations of Équipements Supérieurs in the Quebec City area, four LOU-TEC affiliated locations of Groupe Aztec in the greater Montreal area and Gatineau/Ottawa, and the LOU-TEC Group Inc. franchiser location in Anjou are joining forces to better meet the growing demand from contractors and major project developers in Quebec.
“I’m very proud of the merger of these 12 locations, which pave the way to the creation of the very first LOU-TEC corporate branch network,” said Claude Guévin, President and CEO of LOU-TEC Group Inc. “This new network will now be able to better serve its customers in the industrial and institutional sectors of the greater Quebec City, Montreal and Gatineau/Ottawa areas, and do so while increasing its operating efficiency, buying power and equipment usage rate, thereby benefiting all its customers,” said Mr. Guévin.
The new network of 12 LOU-TEC corporate locations will employ more than 150 people in the following service centres:
- Quebec City area:
- Lévis: (3 locations)
- Québec (Haut-Bord street)
- Montreal area
- Montreal (Anjou, Ville Saint-Laurent)
- Gatineau/Ottawa area
Members committed to growth
In addition to its 12 corporate locations, the LOU-TEC brand is also proudly offered by 32 affiliate members and their 68 locations in nine Quebec regions. Over the past three years, LOU-TEC Group Inc. and its affiliated members have injected more than $150 million into the Quebec economy through renovation and expansion projects, branch openings and relocations, and acquisitions and mergers. These investments made LOU-TEC Group Inc. one of the fastest growing companies in the Quebec rental equipment sector for that period.
By 2021, according to projections by the American Rental Association, the rental of tools, equipment and heavy machinery in Quebec, Canada and North America will have grown by an average of about 4% per year. “The entire LOU-TEC network plans to take full advantage of this growth in the rental industry by continuing to improve the products and services it offers and playing a major role as a consolidator,” said Mr. Guévin.
About LOU-TEC Group Inc.
Founded in 1979, LOU-TEC Group Inc. is the largest rental company for heavy machinery, equipment and tools in the construction, renovation and maintenance industries for commercial, industrial, institutional and residential services in Quebec. With about 80 corporate and affiliated locations, LOU-TEC offers its customers more than $300 million of equipment and a full line of rental and resale products.
LOU-TEC Group ranks 3rd in Canada and 23rd in North America in the TOP 100 equipment and tool rental companies.
Lou-Tec earned “Desjardins Entrepreneur Awards”
Lou-Tec was chosen the winner in the category “Growth Awards” for Western Quebec and Ontario Regional.
You can watch the whole thing on the following link (french version only):
LOU-TEC IN THE TOP 100 of the biggest landlords in North America
Lou-Tec ranks 3rd among in Canada and 23rd in North America in the TOP 100 of the biggest landlords equipements and tools.
(Source: Rental Equipment Register)
New! On-line Sale Service!
To better meet its customers needs, Lou-Tec is proud to provide you with a new “Sale” section on its website. Looking to buy a used equipment or tools? That’s what you’ll find in our section “Sales”. Contact the indicated branch in the selected product page.
For any further information: [email protected]