NAMAKOR Holdings Announces Acquisition of Metallomax Inc., Strengthening its Position in the Industrial Machinery Sector
NAMAKOR Holdings is proud to announce the strategic acquisition of Metallomax Inc., a leading manufacturer of specialized lift platforms based in Quebec. This acquisition not only marks an exciting chapter in NAMAKOR’s growth trajectory but also highlights the success and expansion of Metallomax, which has carved a niche as a trusted provider of industrial transport equipment since its inception. The deal further reinforces NAMAKOR’s commitment to enhancing its portfolio of high-performing manufacturing companies in the industrial machinery sector.
Metallomax: A Proven Quebec-Based Success
Founded in 2005 by brothers Maxime and Pascal Picard, Metallomax quickly rose to prominence as an industry leader in the design and manufacturing of customized industrial transport equipment. The company’s ability to produce tailored solutions with precision and quality has made it a reliable partner for major clients across various sectors, from construction to logistics. Metallomax’s focus on innovation and customer satisfaction helped it establish a reputation for excellence and reliability in the competitive field of industrial manufacturing.
In response to growing demand for advanced lift platforms, Metallomax developed the Redlift product line, which quickly gained recognition in the market. The Redlift platforms, known for their exceptional technical performance and durability, positioned Metallomax as a formidable competitor to larger, established industry players. With an emphasis on cutting-edge design and manufacturing capabilities, Metallomax was able to meet the increasingly complex needs of customers, driving a surge in orders and expanding the company’s footprint in the industrial machinery market.
Since the launch of the Redlift series, Metallomax has experienced exponential growth, with its workforce more than doubling. What began as a small team of 25 employees has now expanded to over 50, reflecting the company’s ability to scale operations in response to increasing demand. This remarkable growth is a testament to the hard work, dedication, and innovation fostered by Metallomax’s leadership and team members.
“I want to extend my heartfelt thanks to our employees, whose dedication has been instrumental in shaping Metallomax into the company it is today,” said Maxime Picard, the outgoing President and CEO of Metallomax. “I am incredibly proud of what we have accomplished together, alongside our valued clients and suppliers.”
Picard emphasized the positive impact of NAMAKOR’s acquisition, noting that the partnership would provide Metallomax with a solid foundation for continued growth and new opportunities. Both Maxime and Pascal Picard will remain involved in an advisory capacity, offering their valuable insights as Metallomax transitions to the next phase of its journey under NAMAKOR’s ownership.
NAMAKOR’s Strategic Acquisition: Unlocking New Growth Potential
The acquisition of Metallomax Inc. is a key strategic move for NAMAKOR Holdings, which has consistently sought to invest in high-growth manufacturing companies across various sectors. NAMAKOR’s Partner, Abhi Capoor, expressed confidence that the demand for specialized lift platforms will remain strong, driven by the continued recovery and expansion of the industries served by Metallomax. The company’s end markets, which were initially impacted by the COVID-19 pandemic, are expected to rebound, creating a favorable environment for Metallomax to grow its market share and extend its geographic reach.
“With NAMAKOR’s expertise, resources, and extensive business networks, we are confident that Metallomax will continue to strengthen its position in the market,” Capoor stated. “This acquisition provides Metallomax with the support and tools it needs to expand further and reach new regions while maintaining the high-quality standards that have made it a leader in the lift platform sector.”
Strengthening Metallomax’s Leadership Team
A key component of NAMAKOR’s strategy for the successful integration of Metallomax is the appointment of Vincent Tourangeau as the new CEO of the company. Tourangeau, who brings a wealth of experience in driving growth and innovation across multiple industries, is poised to lead Metallomax into the next stage of its development. His leadership philosophy centers on teamwork, collaboration, and continuous improvement, making him an ideal fit to guide the talented Metallomax team toward even greater achievements.
Stéphane Huot, Managing Partner at NAMAKOR Holdings, highlighted the importance of strong leadership in achieving sustained growth. He noted that the addition of a dynamic and visionary leader like Tourangeau would complement Metallomax’s experienced team and provide the guidance necessary to unlock the company’s full potential.
“As we have seen with the other successful companies in NAMAKOR’s portfolio, the key to success lies in combining strong leadership with an experienced, passionate team,” Huot said. “Vincent’s ability to foster a culture of innovation and his commitment to driving excellence will help Metallomax reach new heights in the industry.”
NAMAKOR’s Proven Track Record and Future Vision
NAMAKOR Holdings has a long history of successfully supporting the growth and development of manufacturing companies across a variety of sectors. This acquisition marks NAMAKOR’s seventh platform investment and its fifteenth transaction overall, underscoring the firm’s commitment to creating value for both its portfolio companies and stakeholders.
Patrick Dussault, Managing Partner at NAMAKOR, emphasized that the acquisition of Metallomax fits seamlessly into the firm’s strategic vision for growth. By partnering with Metallomax, NAMAKOR strengthens its position in the industrial machinery sector and further solidifies its role as a leader in investing in high-performing manufacturing companies.
“The acquisition of Metallomax is a continuation of our strategy to invest in companies with strong growth potential,” Dussault said. “We are excited to support Metallomax in its next phase of expansion, and we look forward to working closely with the team to unlock new opportunities and build on the company’s impressive success.”
Key Advisors for the Transaction
This strategic acquisition was made possible through the efforts of a dedicated team of advisors, who guided the transaction from start to finish.
On the buy side, the legal team at Fasken provided expert counsel, while Richter played a key role in the accounting aspects of the deal. On the sell side, National Bank Financial Inc. served as the investment bank, and Groupe RDL provided legal and accounting advisory services.
NAMAKOR Holdings’ acquisition of Metallomax Inc. represents a significant milestone in the firm’s ongoing efforts to expand its portfolio of leading manufacturing companies. With a strong foundation in Quebec, a proven track record of success, and a robust growth outlook, Metallomax is well-positioned to thrive under NAMAKOR’s ownership. The partnership will not only enable Metallomax to expand its market reach and strengthen its product offerings but also create new opportunities for innovation, collaboration, and continued success in the industrial machinery sector.
As both companies look toward the future, the acquisition signals a new era of growth, with NAMAKOR providing Metallomax the tools, expertise, and resources necessary to scale its operations and achieve even greater success in the years to come..
