CHAMPLAIN FINANCIAL CORPORATION LEADS JLD-LAGUË ACQUISITION AS PART OF A CONTINUATION FUND STRATEGY 02.09-2021

MONTREAL, September 2, 2021 / – An investor group led by Champlain Financial Corporation (“Champlain”) and including Desjardins Capital, Fondaction and Société Financière Bourgie has acquired JLD-Laguë, a leading Canadian John Deere equipment and Peterbilt truck dealership network. The JLD-Laguë Group was created in 2011 from Champlain’s vision to consolidate a highly fragmented equipment dealership network in Eastern Canada and the member dealerships have roots dating as far back as 1951. Champlain and some of the 2011 investors elected to reinvest in the company and continue its growth strategy through both organic initiatives and tactical acquisitions.

The current management team has remained on board under the continued leadership of JLD-Laguë’s current CEO, Terry Enepekides. “We are very excited to have reached this important milestone and to have partnered with long term, new and existing investors who share Champlain’s and leadership’s vision for continued growth”, says Mr. Enepekides.

The financial terms of the transaction have not been disclosed.

 

About Champlain

Champlain Financial Corporation, a Canadian private holding company based in Montreal, Quebec, operates a private diversified investment portfolio, currently with a series of investments throughout Canada and United States. Champlain’s core focus is to serve as a value-added financial partner in providing equity capital and growth management expertise for small and middle-market companies that are eager to grow locally and abroad by providing them equity, funding and management expertise.

About JLD-Laguë

JLD-Laguë is a leading Canadian equipment and truck dealership network established across Quebec and Eastern Ontario. The company is involved in the sale, re-sale and servicing of John Deere agricultural, commercial, residential and compact construction markets as well as the Peterbilt truck market. JLD-Laguë operates 16 John Deere branches across eastern Ontario and Quebec under the JLD-Laguë, Maltais & Ouellet and Green Tech banners and 5 Peterbilt Truck branches under the TransDiff and JDH banner in Central Quebec.

jldlague.com

transdiff.com

SOURCE Champlain Financial Corp.

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