M&A Deal Summary

Savaria Acquires Concord Elevator

On February 3, 2010, Savaria acquired business services company Concord Elevator for 4M USD

Acquisition Highlights
  • This is Savaria’s 1st transaction in the Business Services sector.
  • This is Savaria’s 3rd largest (disclosed) transaction.
  • This is Savaria’s 1st transaction in Canada.
  • This is Savaria’s 1st transaction in Ontario.

M&A Deal Summary
Date 2010-02-03
Target Concord Elevator
Sector Business Services
Buyer(s) Savaria
Deal Type Add-on Acquisition
Deal Value 4M USD

Target

Concord Elevator

London, Ontario, Canada
Concord Elevator (London) Ltd. is a Canada’s largest reseller specialized in the installation and maintenance of elevators and lifts.

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Buyer(S) 1

Buyer

Savaria

Laval, Quebec, Canada
Category Company
Founded 1979
Sector Machinery
Employees1,400
Revenue 374M CAD (2019)
DESCRIPTION

Savaria Corp. is a designer, manufacturer, distributor and installs primarily elevators for home and commercial use, as well as stairlifts and vertical and inclined platform lifts. Savaria has built thousands of lifts and elevators used around the world to help improve access for wheelchair users and other mobility challenged people in the home and in public spaces. Savaria was founded in 1979 and is based in Laval, Canada.

DEAL STATS #
Overall 1 of 9
Sector (Business Services) 1 of 2
Type (Add-on Acquisition) 1 of 7
State (Ontario) 1 of 4
Country (Canada) 1 of 4
Year (2010) 1 of 3
Size (of disclosed) 3 of 5
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-08-05 Freedom Motors

Oakville, Ontario, Canada

Freedom Motors specializing in the conversion of minivans for people with disabilities. Company offer personal-use and commercial vehicles; rear-entry, side-entry and dual-entry models; and the ability to provide conversions for a wide range of models offered by major mini-van manufacturers in both the new and used vehicle markets.

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Mergr

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