It has been almost 1 year since Savaria’s (TSX:SIS) acquisition Garaventa Lift took place. The business was acquired based on an annual $8.3 million EBITDA. In the first six months following the acquisition, Garaventa delivered $5.3 million EBITDA, also including a seasonally weak Q1. Their EBITDA margin also improved from 7.5% in 1Q19 to 9.5% in 2Q19. That being said, it is clear that management synergies and efficiency plans are working.
Disclaimer: Palos Funds are shareholders of SIS.
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