Investors acquire controlling interest in Gecko Alliance Group
by CM Staff
The Gecko Alliance Group is involved in the design, manufacturing, and distribution of control systems, keyboards, pumps, and spa accessories.
MAGOG — A group of investors composed of Desjardins Capital, the Fonds de Solidarité FTQ, Fondaction, and NEXCAP, led by NEXCAP Partners, has acquired a controlling interest in the Gecko Alliance Group.
The Gecko Alliance Group is involved in the design, manufacturing, and distribution of control systems, keyboards, pumps, and spa accessories. Co-founders, Michel Authier and Benoit Laflamme, remain shareholders who are committed to its strategic development.
The management team remains the same. Georges Marchildon, who acted as Vice-President Manufacturing Operations, is appointed Chief Executive Officer. Gregory McConnell, Vice-president of Commercial Operations becomes Chief Revenue Officer.
“With its experienced team’s long history of excellence and success, covering all entrepreneurship challenges, NEXCAP Partners is the ideal partner to support us in our expansion goals” stated Michel Authier, CEO of the Gecko Alliance Group.
“We are privileged to be partners with the Gecko Alliance Group, a world-class company that has distinguished itself through its strong culture of excellence, operational efficiency, and innovation capacity. In addition, the presence of leading investors such as Desjardins Capital, the Fonds de Solidarité FTQ, Fondaction, and NEXCAP provides us with a solid foundation to support the growth of the group,” explained Jean-François Ferland, Managing Partner at NEXCAP Partners.
