Lou-Tec expands aerial lift equipment fleet with acquisition of Accès Location +
Lou-Tec has acquired Accès Location +.
With this acquisition, Lou-Tec has increased its ability for construction projects in Quebec. Its clients, mainly contractors working in the industrial, commercial, and residential construction sectors will have access to a larger fleet of aerial lift equipment and a wide range of other equipment.
With an average equipment age of four years, Lou-Tec's fleet is one of the newest in the industry in Quebec. Lou-Tec's 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.
A successful collaboration at the heart of the company's activities
Lou-Tec will also be able to count on the support of its financial partners which include Sagard Private Equity Canada, Walter Capital, Investissement Québec, BDC Capital, and the Fonds de solidarité FTQ to support its growth. These partnerships will allow Lou-Tec to differentiate itself in terms of technology and the expansion into new markets.
The acquisition of Accès Location + was completed on June 17, 2022, and the two companies will work together to identify and benefit from best practices, expertise, and talent to provide customers with an experienced and capable partner.
Jean-Marc Dallaire will continue as president and CEO of Lou-Tec, while Luc Bertrand, president of Accès Location +, will join the executive committee and will now hold the position of vice president of development, strategies, and marketing within the organization.