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Raymond Chabot Grant Thornton’s team is pleased to have advised Liberty Spring in its acquisition of Elka Suspension.
Founded in 1986, Liberty Spring has earned itself an enviable position in the automobile and recreational vehicle sectors. It also occupies a prime position in other types of products that use springs within their applications. One in two vehicles around the world, except heavy trucks, have at least one spring manufactured by Liberty Spring.
The company now manufactures more than 200 million springs per year and it manufactures most of its products in Quebec, where 500 of its 750 employees work, and generates 66% of its sales outside the country. Its products excellent reputation and its willingness to provide its customers with the best service possible have allowed Liberty Spring to experience progressive growth over the years.
This acquisition will allow Liberty Spring to diversify its offer by introducing a range of proprietary products focused on suspensions.
Liberty Spring called on Raymond Chabot Grant Thornton’s experts to obtain due diligence consulting services.
“Thanks to the support of Raymond Chabot Grant Thornton’s team of experts and its due diligence work, we are reassured in this major transaction that we have just made”, says Bastien Poulin, Chief Financial Officer of Liberty Spring. “Philippe and his team have great transaction experience, knowledge of our industry, and track record with companies like us looking to grow in the market”.
To learn more about how Raymond Chabot Grant Thornton can help meet the needs of your business, please contact our deal team.
About Raymond Chabot Grant Thornton
Our leading mid-market focused financial advisory team provides sector-specific advice on mergers, acquisitions and divestitures, debt and equity capital markets. We bring deep industry knowledge to each transaction to support our clients’ corporate finance strategies and priorities.
Raymond Chabot Grant Thornton is a Canadian leader in the areas of assurance, tax, advisory services and business recovery and reorganization. Raymond Chabot Grant Thornton is Quebec’s leading professional services firm with more than 2,700 employees. As a member firm of the Grant Thornton International network and together with its Canadian counterpart Grant Thornton LLP, the firm is a member of one of the world’s largest professional services network made up of 58,200 people in over 140 countries.