M&A Deal Summary

Savaria Acquires Premier Lifts

On February 1, 2017, Savaria acquired machinery company Premier Lifts for 4M USD

Acquisition Highlights
  • This is Savaria’s 1st transaction in the Machinery sector.
  • This is Savaria’s 4th largest (disclosed) transaction.
  • This is Savaria’s 1st transaction in the United States.
  • This is Savaria’s 1st transaction in Maryland.

M&A Deal Summary
Date 2017-02-01
Target Premier Lifts
Sector Machinery
Buyer(s) Savaria
Deal Type Add-on Acquisition
Deal Value 4M USD

Target

Premier Lifts

Timonium, Maryland, United States
Premier Lifts, Inc. is a provider in the design, installation and service of residential elevators, stairway chairs, dumbwaiters and wheelchair 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 5 of 9
Sector (Machinery) 1 of 2
Type (Add-on Acquisition) 4 of 7
State (Maryland) 1 of 1
Country (United States) 1 of 4
Year (2017) 1 of 2
Size (of disclosed) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-06 Shoppers Home Health Care - Automotive Division

Toronto, Ontario, Canada

Shoppers Home Health Care (Canada), Inc. - Automotive Division is a retailer of automotive products in US.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-01 Span-America Medical Systems

Greenville, South Carolina, United States

Span-America Medical Systems, Inc. is a manufacturer and marketer of therapeutic support surfaces and pressure management products for the medical market. Span-America Medical Systems, Inc. was founded in 1970 and based in Greenville, South Carolina.

Buy $80M
Mergr

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