16 Dec 2022
Clearspring Capital Partners and OneLink Capital invest in Groupe Tecnic and École de Conduite Tecnic Rive-Nord
On Dec. 16, 2022, Clearspring Capital Partners and OneLink Capital announced an investment in Groupe Tecnic 2000 and École de conduite Tecnic Rive-Nord, the largest network of driving schools in North America. With 160 driving schools in Quebec and over 70,000 new students annually, Tecnic aims to focus on road safety education. The leadership will remain with the Sévigny family, while two OneLink partners will join to boost Tecnic's growth in transportation and technology sectors. The investment, also involving BDC Growth Equity Partners, is seen as aligning with Clearspring's commitment to value creation and growth and OneLink's focus on long-term investment in SMEs. The partnership emphasizes shared management values and foresees new growth opportunities for Tecnic, while both investment firms leverage their financial and management expertise to realize Tecnic's ambitions. Financial terms were not disclosed.
