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Raymond Chabot Grant Thornton Corporate Finance is pleased to announce its role as exclusive financial advisor to Location Sauvageau and Location Légaré in connection with the transaction.
Location Sauvageau and Location Légaré (together, “the Company”) are the leading providers of short- and medium-term vehicle rentals for commercial and institutional clients in the province of Québec. The Company operates a diverse fleet of 3,800+ utility vehicles mainly used in “for work” applications including pickups, cube and cargo trucks, SUVs, passenger vans and cars as well as trailers, ATVs, snowmobiles and other specialized vehicles.
In addition to the largest fleet of diversified, recent and well-maintained vehicles, the Company offers the largest choice of accessories and customization options and can develop customized accessories. In order to meet growing demand and offer exceptional service, the Company operates a vast network of 49 locations across the province of Québec.
Location Sauvageau and Location Légaré called on Raymond Chabot Grant Thornton’s Corporate Finance experts to advise the Company in connection with the transaction.
“When I decided to sell my business, several possibilities were available to me. After careful consideration and with the support of my best friend, I met the mergers and acquisitions team at Raymond Chabot Grant Thornton. In the same day, my decision was made and I chose the best team to bring my project to a successful conclusion,” said Jacquelin Voyer, President and CEO of Location Sauvageau. “It was a very rigorous process that required a lot of effort from the entire team. I would like to extend my gratitude to the entire Raymond Chabot Grant Thornton team and it is without hesitation that I recommend them to any entrepreneur looking to sell their business.”
Luc Soucy, President of Terrebonne Ford and Founder of West Island Ford Lincoln will assume the role of Executive Chairman. The current management team will continue to serve in their existing roles, leading the Company towards its next stage of growth.
“We have been impressed with Location Sauvageau and Location Légaré’s strong track record. For over 30 years, the Group has been a pillar and an instrumental player within Québec’s developmental history, and we are proud to associate with Kevin Voyer and Nathalie Légaré in continuing this remarkable story,” said Luc Soucy, President of Groupe Soucy.
“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 premium workplace equipment, aftermarket and customer service, which has also been the foundation of Location Sauvageau and Location Légaré’s success. With the support of Champlain and Groupe Soucy, we are excited to continue to build on this strong common foundation,” said Terry Enepekides, CEO of JLD-Laguë.
“I am very pleased to leave Location Sauvageau and Location Légaré in the hands of proven Quebec owners and operators like Champlain, JLD-Laguë and Groupe Soucy. With their support and current management, I am certain the future growth and success of these great operations will lead them to become National leaders in the commercial and short-term rental market,” said Jacquelin Voyer, President and CEO of Location Sauvageau.
“I am very excited to continue to lead Location Légaré and help capture the exciting growth opportunities before us with our new partners,” said Nathalie Légaré, President of Operations for Location Légaré.
To learn more about how Raymond Chabot Grant Thornton can help meet the needs of your business, please contact our deal team.
About Raymond Chabot Grant Thornton
Raymond Chabot Grant Thornton is a Canadian leader in the areas of assurance, tax, advisory services and business recovery and reorganization.
Our leading mid-market focused corporate finance advisory team provides sector-specific advice on mergers, acquisitions and divestitures, debt and equity capital markets.
We bring deep industry knowledge to each transaction to support our clients’ corporate finance strategies and priorities. Raymond Chabot Grant Thornton is Quebec’s leading professional services firm with more than 2,600 employees. As a member firm of the Grant Thornton International network and together with its Canadian counterpart Grant Thornton LLP, the firm is a member of one of the world’s largest professional services network made up of 62,000 people in nearly 140 countries.
