Private equity fund Sagard, of which Paul Desmarais III is CEO, announced Tuesday noon a major investment in the ownership of Quebec fruit and vegetable distributor Courchesne Larose.
“There is a strong fit between Sagard’s reputation, profile, family and entrepreneurial culture within the Courchesne Larose Group,” said Alain Rothier, Co-President of the Courchesne Larose Group, in a press release.
“This collaboration will have positive results for all stakeholders of the Courchesne Larose Group, including its employees, customers and suppliers,” confirmed Marie-Claude Boisevert, Partner and President of Sagard PPC.
“Avec the appui of Sagard PPC, our aurons désormais the capacité of reproduire our modèle d’affaires and d’accroître our presence dans des marchés à l’extérieur du Québec et des Maritimes”, ajouté Michel Routhier, copresident of Groupe Courchesne Flower.
Special amount
call him NewspaperThe public relations firm National, commissioned by Courchesne Larose, did not want to advance the amount of the transaction.
Courchesne Larose was also not available for an interview.
Note that along with my 3 contributorse and 4e Generations of the Routhier Monette, Courchesne Larose and Sagard family have joined hands with the Fondaction and Roynat Investment Partners.
Courchesne Larose owns Les Aliments Bercy, Krōps Imports, Marcan Emballages, Transport Dynapro, Maroc Fruit Overseas Company, and Green Earth Produce Trading.
appetite for farming
In recent months, the appetite of large investment funds for Quebec agricultural companies has been confirmed.
This past June, Power Corporation launched a new $210 million agricultural investment fund.
In early 2022, Investissement Québec (IQ) poured $35 million into a new fund from the billionaire Bronfman family.
Over the past 20 years, Claridge’s has invested more than $400 million in food companies here and in the United States. It is now targeting $100 million in investments through its Quebec fund.
“Music guru. Incurable web practitioner. Thinker. Lifelong zombie junkie. Tv buff. Typical organizer. Evil beer scholar.”
More Stories
Geneviève Guilbault will create Mobilité Infra Québec to deliver public transportation projects
La Grande Vie Grand Prix: The stars align for a Montreal resident
The event was disrupted by protesters Baptism of fire for the “Santi Quebec rifle”