Digital transformation | La Caisse sets up shop with Quebec company Levio

Levio has not finished playing the consolidator role in the digital transformation of organizations niche. The Quebec consulting firm obtains 125 million from the Caisse de dépôt et placement du Québec (CDPQ) to continue buying other companies in a market “very conducive” to acquisitions.




Ten years after being founded, the company based in Quebec is thinking big. Ultimately, it wants to more than triple its turnover to reach 1 billion. Alongside internal growth, larger purchases will need to be made.

It was at this moment that Levio decided to turn to an institutional investor like the nest egg of Quebecers.

“Last year, in our development plan, we were told that we were going to make larger acquisitions,” says the president and founder of the firm, François Dion. It was an opportune time to look for a partner to join us. There was a process to choose the right actor, then our choice fell on the Fund. »

PHOTO PROVIDED BY LEVIO

François Dion is the founder and president of Levio.

Project management, cybersecurity, software engineering, business analytics, cloud computing… Levio supports its clients during the deployment of large-scale projects as well as in their digital transformation.

In Quebec, well-known players such as Desjardins General Insurance, La Capitale (before its marriage with SSQ Assurance to give birth to Beneva) and the Commission for Standards, Equity, Health and Safety at Work have turned towards the firm in their respective digital shifts. Levio shares project execution risks with its clients.

“There aren’t many companies that do this,” says Mr. Dion. We’re probably the only ones. We are willing to take risks and commit to results. »

Rapid growth

In a decade, Levio has completed 11 acquisitions and its geographic footprint has expanded to the United States, Morocco, India and France. Its global workforce numbers around 2,000 people, including nearly 700 in Montreal. There is no question of slowing down, says Mr. Dion, accompanied by his head of acquisitions, Jean Royer, and the head of operations, Julie Lavoie. Until now, acquisitions have been financed through company profits and cash.

With CDQP’s investment, Levio will have the means to achieve its ambitions.

“We are ready to take the next step,” says Mr. Royer. Finding a partner of the caliber of the Caisse increases the size of the potential targets that could interest us and gives a lot of credibility to our offer. Having the CDPQ on our side will reassure people who wonder if we have the capacity to conclude a transaction. »

The head of mergers and acquisitions estimates that Levio is able to consider transactions where the firm could integrate up to 500 new people into its workforce.

For its part, the Caisse decided to make an initial investment in Levio given that the firm specializes in a sector, “digital transformation”, which is “at the center of the sustainability, growth and productivity of organizations,” says its vice-president and head, Quebec, Kim Thomassin.

The arrival of an institutional investor in a company can sometimes pave the way for a possible IPO. Asked about this possibility, Mr. Dion does not close the door, taking care to add that this scenario had not been mentioned by Levio’s management.

Levio in brief

  • Year of foundation: 2014
  • Head office: Quebec
  • President: François Dion
  • Number of offices: 12
  • Annual revenue: 300 million

Learn more

  • 424 billion
    Net assets of CDPQ as of June 30, 2023

    Source: Caisse de dépôt et placement du Québec


reference: www.lapresse.ca

Leave a Comment