News & Newsletter

April 15, 2014
Cheverny Advises On Geotechnical Transaction

Cheverny Capital acted as joint financial adviser to Dessau Groupe Inc.  (parent of LVM) on the attached transaction.

MONTRÉAL, QUÉBEC – April 9, 2014 – LVM Inc. (“LVM”), a leading Canadian geotechnical, materials and environmental engineering firm, and EnGlobe Corp. (“EnGlobe”), a leading integrated environmental services firm, have agreed to combine their businesses in a transaction led by ONCAP Management Partners (“ONCAP”) and supported by La Caisse de dépôt et placement du Québec (“La Caisse”). Combining these two complementary businesses will create the largest Quebec-based provider of integrated environmental and technical services, and one of the leading firms in Canada and internationally. The transaction is expected to close in the second quarter of 2014 and is subject to customary closing conditions.
“This transaction is a unique opportunity to ensure LVM’s continued growth and development for our employees and shareholders. We are privileged to work with such high-quality partners who share our vision and enthusiasm for the future,” said Mr. Benoit Godin, President of LVM. “We will become a major player in the Canadian market following the closing of today’s announced partnership, and we will continue to pursue the many new growth opportunities in front of us.”
“We are very enthusiastic about this partnership, which represents a unique opportunity to increase market share and add significant complementary expertise,” said EnGlobe President and CEO, Mr. Denys Turcotte. “It is a major milestone in our journey towards becoming a true international leader in environmental and technical services and extending our capabilities to respond to our customers’ needs.”
“With this investment, La Caisse is participating in the creation of a major Québec leader in its sector,” said Mr. Normand Provost, Executive Vice-President, Private Equity, at La Caisse. “Through this transaction, the two complementary companies will be able to achieve their full potential and expand nationally and internationally.”
“This is a significant opportunity for everyone involved,” said Mr. Gregory Baylin, Managing Director at ONCAP. “We are delighted to have the occasion to once again partner with La Caisse to build a great Quebec-based business.”
Although the agreement is definitive, the completion of the transaction will take place after the receipt of necessary approvals. During this period, the two companies will continue to provide the same high quality service their customers have come to expect.

About LVM

Headquartered in Laval, LVM is a leader in providing specialty geotechnical, materials and environmental engineering services. LVM is a leader in servicing the infrastructure sector and is currently participating in 8 of the 10 largest infrastructure development projects in Canada. LVM employs approximately 1,400 people and has offices in 41 cities across Canada. For more information on LVM, visit its website at

About EnGlobe

Headquartered in Quebec City, EnGlobe is a leading integrated environmental services firm that treats, reuses or recovers contaminated soils, manages and beneficially reuses organic waste materials, and provides inspection and calibration services for fuel tanks and storage systems. EnGlobe employs approximately 400 people in Canada, France, the U.K. and Israel and operates through various Canadian corporate divisions and subsidiaries being Biogenie, Celtic Technologies, Solution, GSI Environment, Les Composts du Québec and Tanknology. For more information on EnGlobe, visit its website at