About Heroux-Devtek
Heroux-Devtek is a company based in Longueuil (Canada) founded in 1942 was acquired by Platinum Equity in July 2024.. The company has 266 employees as of December 31, 2021. Heroux-Devtek has completed 4 acquisitions, including Alta Precision, Beaver Aerospace & Defense and CESA Aero. Heroux-Devtek offers products and services including Potatoes and Grain Marketing.
- Headquarter Longueuil, Canada
- Employees 266 as on 31 Dec, 2021
- Stage Public
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Sectors
Aerospace, Defense & Maritime
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Maine Potato Growers, Inc
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$50 M (USD), Debt – Conventional
Oct 02, 2017
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Investors
Fonds de solidarite FTQ
& 1 more
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Employee Count
266
as on Dec 31, 2021
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Investments & Acquisitions
Alta Precision
& 3 more
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Acquired by
Platinum Equity
(Jul 11, 2024)
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Products & Services of Heroux-Devtek
Heroux-Devtek offers a comprehensive portfolio of products and services, including Potatoes and Grain Marketing. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Potatoes are farmed and sold for food and industrial uses, as part of the company's agricultural efforts.
Grains are promoted and distributed from farms, as managed through the company's marketing operations.
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Software Development Team
26 people
Product Management Team
11 people
Leadership Team
8 people
Manufacturing Team
6 people
Operations Team
5 people
Creative and Marketing Team
4 people
Senior Team
3 people
Buyer Team
3 people
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Funding Insights of Heroux-Devtek
- Total Funding Total Funding
- Total Rounds 2
- Last Round Debt – Conventional — $50.0M
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First Round
First Round
(26 Jun 2014)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2017 | Amount | Debt – Conventional - Heroux-Devtek | Valuation |
investors |
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| Jun, 2014 | Amount | Post-IPO - Heroux-Devtek | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Heroux-Devtek
Heroux-Devtek has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include Fonds de solidarite FTQ and Platinum Equity. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Platinum Equity is engaged in private equity and credit investments.
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Founded Year | Domain | Location | |
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Offers savings plans, investments, and financing for businesses and individuals.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Heroux-Devtek
Heroux-Devtek has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include Alta Precision, Beaver Aerospace & Defense and CESA Aero. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Manufacturing services for actuation and hydraulics systems are provided.
|
1989 | ||||
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Telecommunication and data center services are provided globally.
|
1980 | ||||
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Designer and manufacturer of mission-critical motion control components for aircraft applications
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1952 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Heroux-Devtek
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Heroux-Devtek Comparisons
Competitors of Heroux-Devtek
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Heroux-Devtek
When was Heroux-Devtek founded?
Heroux-Devtek was founded in 1942 and raised its 1st funding round 72 years after it was founded.
Where is Heroux-Devtek located?
Heroux-Devtek is headquartered in Longueuil, Canada. It is registered at Longueuil, Quebec, Canada.
Who is the current CEO of Heroux-Devtek?
Gilles Labbe is the current CEO of Heroux-Devtek.
How many employees does Heroux-Devtek have?
As of Dec 31, 2021, the latest employee count at Heroux-Devtek is 266.
What does Heroux-Devtek do?
Founded in 1942, Heroux-Devtek is headquartered in Longueuil, Canada, within the aerospace sector. Landing gear and actuation systems are manufactured and supplied, along with components for helicopters, jets, military fighters, and transport aircraft. Additional products such as electronic enclosures, heat exchangers, and cabinets are included in the portfolio. Operations focus on aviation needs across various platforms.
What products or services does Heroux-Devtek offer?
Heroux-Devtek offers Potatoes and Grain Marketing.
How many acquisitions has Heroux-Devtek made?
Heroux-Devtek has made 4 acquisitions, including Alta Precision, Beaver Aerospace & Defense, and CESA Aero.
Who are Heroux-Devtek's investors?
Heroux-Devtek has 2 investors. Key investors include Fonds de solidarite FTQ, and Platinum Equity.