Global Tardif Enters Next Phase of Growth with Operator-Investors and PE

Global Tardif (GT), a leading independent elevator manufacturer headquartered in the Quebec City, Canada, area, announced on April 2 it has entered its next phase of growth through a partnership with three operator-investors and private-equity (PE) firm Norea. The partnership brings three experienced leaders to the team: CEO Carl-David Belley; strategic advisor Nicolas Girguere and Karl Lepage, a key member of the current management team. Founded in 1984 by Jean-Guy Tardif and taken over by his son, François, in 1995, GT has established itself as one of the largest independent elevator manufacturers in Canada. Designing and manufacturing both standard and custom elevators, the company has worked on major projects including the New York Times Building in NYC, Mandalay Bay Resort & Casino in Las Vegas, Olympic Stadium in Montreal and the Burj Khalifa in Dubai. With CAD$560 million (US$402.25 million) in assets under management, Norea focuses on Canadian mid-market companies.