ANGUS Capital announces the acquisition of Les Équipements Médicaux Leika Ltée
Montreal, June 11, 2024 - ANGUS Capital, a private equity fund specializing in the acquisition of Quebec-based SMEs in traditional industries, announced today that it has acquired Les Équipements Médicaux Leika Ltée (“Leika”), a leading family-owned company specializing in the distribution and rental of wound care and pain relief products. The transaction, which closed on June 1, 2024, led to the transfer of all of Leika’s shares to ANGUS Capital, to France-Éliane Nolet, now President of the company, and Jean-François Tanguay, the seller and family successor.
Located in Brossard, Quebec City and Sherbrooke, Leika is a second-generation company founded over 38 years ago by Nathalie Labrecque, a nurse by training. Her son, Jean-François Tanguay, served as President for the last 10 years. The group employs 22 people in its three service outlets.
“When we assessed this opportunity, we quickly identified Leika as a company that offers a niche product in an industry favoured by socio-demographic factors, such as the aging population. Over the years, Leika has built a strong brand image based on its reputation for highquality products and local customer service. Our goal is to position Leika as a leader in Quebec by developing its products, partnerships and growth strategy to increase its market share,” said Dev A. Coossa, Co-founder and Managing Partner of ANGUS Capital.
“Our approach is based on cooperation with an operating partner to spur sustainable growth and quickly create value. France-Éliane Nolet, President and shareholder, is the ideal partner to guide Leika through its next phase of growth. In addition to bringing more than 25 years of experience in the business world, her leadership style is both caring and unifying, highlighting the importance she places on collaboration with team members. Jean-François Tanguay will remain at her side as an advisor, enabling her to draw on his advice and expertise. This will ensure a smooth transition of Leika’s operations while preserving the company’s values,” said Nicolas Pinto, Co-founder and Partner at ANGUS Capital.
The acquisition of Leika is ANGUS Capital’s second transaction since the Quebec-based investment fund was created a year ago. It demonstrates the fund’s entrepreneurial vision, which is focused on the longevity and development of companies while capitalizing on the addition of talent and a strategic succession model that respects their entrepreneurial legacy.
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Sources:
Dev. A. Coossa, Cofounder & Managing Partner
dcoossa@anguscapital.ca
514.771.8323
Nicolas Pinto, Cofounder & Partner
npinto@anguscapital.ca
514.924.4621