JLD Group, which is owned by Canadian private equity firm Champlain Financial Corp., announced on Oct. 10 that it has merged with Équipements Laguë to form Groupe JLD Laguë. The merger is effective March 1, 2013, with each store retaining its brand name and logo.
Alliance to create the largest John Deere dealership in Quebec: Groupe JLD Laguë
SAINT-HYACINTHE and LAVAL, QC, Oct. 10, 2012 /CNW Telbec/ – Équipements Laguë and JLD Group are joining to form Groupe JLD Laguë. The two companies will formally merge under this new banner officially on March 1st, 2013 with each store retaining its brand name and logo. This transaction has been undertaken in partnership with the Champlain Financial Corporation (Champlain), JLD Group’s financial partner. Champlain is a private equity firm that has brought together several Canadian institutional and private investors, including former shareholders and key employees from both Équipements Laguë and the JLD Group, as part of this alliance.
The president and CEO of Groupe JLD Laguë, Frédéric Latreille (previously president of JLD Group) had the following comment: “We are very pleased to announce this alliance which enables us to continue our evolution as a John Deere “Dealer of Tomorrow “. This combination creates the largest John Deere dealer in Quebec and eastern Ontario. It ensures the long-term success of the business and creates broader opportunities for our employees. ”
This alliance strengthens the group’s position in the market and will allow it to achieve superior performance, always with the view of providing quality service to its customers in Quebec and eastern Ontario. “For our customers,” commented André Laguë the representative of the Laguë investors and continuing shareholder of the new group, “it allows access to a better inventory of new and used machinery, parts and provides a more diverse expertise to better meet the demands of many different types of customers across our various markets.”
The two companies share common goals and values, with similar views and approaches to quality, they have one overriding commitment: to provide their customers with products and services of superior quality. Joining forces will create a new, more competitive business, to meet the challenges of a rapidly changing market. The consolidation will also allow better access to certain product lines, allow for more investment in employee training as well as offer more competitive prices for customers.
Équipements Laguë was founded in 1951 in Farnham by Roger Laguë. The company has 200 employees and six stores across the south shore of Montreal, Montérégie and Eastern Townships. JLD group was founded in 1972 in Mirabel by Jean-Yves and Daniel Dion. The company has 200 employees and eight stores across the North Shore of Montreal, in the “Bas St-Laurent” and eastern Ontario. For more information, please visit: www.jldlague.com.
SOURCE: Groupe JLD Laguë
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