Novatech Group Inc. acquired by Garaga Inc.

2 minute read
22 May 2024

On May 22, 2024, the Gendreau family, Canadian owners of Garaga Inc., a North American pioneer in the manufacture of garage doors, announced the acquisition of Novatech Group Inc. ("Novatech"), a cutting-edge Canadian company specializing in the manufacture of entry doors, doorglass, patio doors and tailor-made insulated glass. The companies have a combined annual turnover exceeding $1 billion and more than 3,000 employees.

Since its foundation by Raymond Ouellette in 1982 in Sainte-Julie, Québec, Novatech has grown into a company with 16 manufacturing facilities and distribution centers in Canada and the US, as well as an innovation center for research and development of new products. Harold Savard, the current president of Novatech, will remain in office and continue to be a shareholder. The company's management will remain the same.

Gowling WLG advised Novatech, Raymond Ouellette and Harold Savard with respect to this transaction with a team led by Robert Dorion and Georgi Paskalev that included, Naïm Antaki, Angelique Merakos, Angelina Argento-Scalia (corporate/M&A), Ian MacDonald (antitrust), Jean-François Vadeboncoeur, Larisa Albu, Julie Djiezion and Philippe Guay (banking), Malya Amghar (tax), Nicolas Dubé (environmental), Philippe Matziorinis (IP), Olivier Lamoureux (employment), Pierre-André Hamel and notary Tamar Chamelian (real estate), Justin Boileau (privacy), assisted by paralegal Suzanne Elie.

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