JLD-LAGUË, SUPPORTED BY CHAMPLAIN, COMPLETES THE ACQUISITION OF LOCATION SAUVAGEAU AND LOCATION LÉGARÉ
MONTREAL, July 7, 2022 /CNW Telbec/ – JLD-Laguë, a portfolio company of Champlain Financial Corporation (“Champlain”), and Groupe Soucy led the acquisition of Location Sauvageau and Location Légaré (the “Group”) in June 2022.
Luc Soucy, President of Terrebonne Ford and Founder of West Island Ford Lincoln, with more than three decades of automotive dealership experience, will assume the role of Executive Chairman. The current management team will continue in their current roles, leading the Group to its next stage of growth.
Location Sauvageau and Location Légaré are the main providers of short and medium term vehicle rentals for commercial and institutional customers in the province of Quebec. The company operates a diverse fleet of more than 3,800 utility vehicles primarily used in work applications, including pickup trucks, cube and cargo trucks, SUVs, vans and passenger cars as well as trailers, ATVs , snowmobiles and other specialized vehicles.
“We were impressed by the solid track record of Location Sauvageau and Location Légaré. For more than 30 years, the Group has been a pillar and an essential player in the history of Quebec’s development, and we are proud to be associated with Kevin Voyer and Nathalie Légaré to continue this remarkable story”, said Luc SoucyChairman of the Soucy Group.
“We are very pleased to add Location Sauvageau and Location Légaré to our portfolio of group companies. Our John Deere and Peterbilt divisions are built on providing top of the line work equipment, after sales and customer was also the foundation of Location Sauvageau and Location Légaré. Champlain and Groupe Soucy, we are delighted to continue to build on this solid common foundation,” said Terry EnepekidesCEO of JLD-Laguë.
“I am very happy to leave Location Sauvageau and Location Légaré in the hands of Quebec owners and operators as Champlain, JLD Laguë and Soucy Group. With their current support and management, I am confident that the future growth and success of these great operations will see them become national leaders in the commercial and short-term rental market,” said Jacquelin VoyerFounder of Location Sauvageau.
“I am very pleased to continue to lead Location Légaré and help seize the exciting growth opportunities that lie ahead with our new partners,” said Nathalie Légaré, President of Operations at Location Légaré.
RCGT Corporate Finance acted as financial advisor on behalf of the sellers.
Financial terms of the transaction were not disclosed.
ON CHAMPLAIN FINANCIAL COMPANY
Champlain is a Canadian private holding company based in Montreal since 2004. He has more $800 million of assets under management through a portfolio of 22 companies located mainly in Quebec and operating in the consumer goods, food processing, retail and distribution sectors. Its investment portfolio in Quebec includes JLD Laguë (John Deere), La Canadienne, Wong’s wingDumas Bakery, Louis GarneauKanuk, City gardens, House CorbeilMust Société, Les Épices Dion, Les Eaux Naya, Brault & Bouthillier, Beach Day Every Day, Groupe Grandio (La Cage aux Sports), Transport Inter-Nord and Orthofab.
JLD-Laguë is a major Canadian network of equipment and truck dealerships established across Quebec and Eastern Ontario. The company is involved in the sale, resale and service of the agricultural, commercial, residential and compact John Deere construction markets as well as the Peterbilt truck market. JLD-Laguë operates 16 John Deere branches in the East Ontario and Quebec under the JLD-Laguë, Maltais & Ouellet and Green Tech banners, 5 Peterbilt Truck branches under the TransDiff and JDH banner in Central Quebec as well as the recent addition of Fardiers Québec, which is in the sale and maintenance of high-end trailers.
ABOUT THE SOUCY GROUP
Soucy Group operates two Ford dealerships, Terrebonne Ford since 1991 and West Island Ford Lincoln since 2013. The Group manages a portfolio of long-term leases including commercial and luxury vehicles. In addition, the Soucy Group’s commercial real estate portfolio includes merchants and buildings in Sauvageau and Légaré for a total of 12 buildings and 1.8 million square feet of land.
SOURCE Champlain Financial Corp.
For further information: Terry Enepekides, Operating Partner, Champlain Financial Corporation, 1000 Sherbrooke West, Suite 1700, Montreal, Quebec, H3A 3G4, (514) 282-3585