Power Corporation invests in the distribution of fruits and vegetables

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 contributors^e and 4^e 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.