M&A Deal Summary

Garaga Acquires Novatech

On May 22, 2024, Garaga acquired building materials company Novatech from La Caisse

Acquisition Highlights
  • This is Garaga’s 1st transaction in the Building Materials sector.
  • This is Garaga’s 1st transaction in Canada.
  • This is Garaga’s 1st transaction in Quebec.

M&A Deal Summary

Date 2024-05-22
Target Novatech
Sector Building Materials
Buyer(s) Garaga
Sellers(s) La Caisse
Deal Type Add-on Acquisition
Advisor(s) Gowling WLG (Legal)

Target

Novatech

Sainte-Julie, Quebec, Canada
Novatech is a manufacturer of steel entry doors, door glass, patio doors, residential insulated glass, and commercial glass products. Novatech operates 16 ultra-modern facilities in Canada, the United States and France. Novatech was founded in 1982 and is based in Sainte-Julie, Quebec.

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Buyer(S) 1

Buyer

Garaga

Saint-Georges, Quebec, Canada

Category Company
Founded 1983
Sector Building Materials
DESCRIPTION

Garaga Inc. is a manufacture and distributes garage doors and overhead doors for residential, commercial, agricultural, and industrial markets Garaga was founded in 1983 and is based in Saint-Georges, Quebec.


DEAL STATS #
Overall 1 of 1
Sector: Building Materials M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Quebec M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2024 M&A 1 of 1

Seller(S) 1

SELLER

La Caisse

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1965
PE ASSETS 90.0B CAD
Size Mega
Type Sector Agnostic
DESCRIPTION

CDPQ is a global asset management firm focused on a variety of investing strategies including fixed income, real estate, infrastructure, private equity, venture capital, and public equities. Within private equity, CDPQ looks to acquire significant minority stakes in businesses operating in a variety of sectors and seeks to commit $250 million to $1 billion per transaction. CDPQ was established in 1965 and is headquartered in Montreal, Quebec.


DEAL STATS #
Overall 17 of 21
Sector: Building Materials M&A 2 of 2
Type: Add-on Acquisition M&A Deals 6 of 6
State: Quebec M&A 7 of 7
Country: Canada M&A 8 of 8
Year: 2024 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-01 Nuvei

Montreal, Quebec, Canada

Nuvei is a payment technology platform that offers direct connections to all major payment card schemes worldwide. Nuvei was founded in 2003 and is based in Montreal, Quebec.

Sell $6.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-11 National Bank

Montreal, Quebec, Canada

National Bank provides financial services through three business segments in Canada: Personal and Commercial Banking, Wealth Management, and Financial Markets. National Bank was founded in 1859 and is based in Montreal, Quebec.

Buy -