{"id":821,"date":"2020-10-26T06:30:00","date_gmt":"2020-10-26T06:30:00","guid":{"rendered":"https:\/\/phoenix.agencearobas.ca\/les-fonds-regionaux-de-solidarite-ftq-montreal-investissent-43-m-dans-groupe-bbh-dans-le-cadre-de-lacquisition-par-phoenix-partners\/"},"modified":"2022-05-27T15:30:54","modified_gmt":"2022-05-27T15:30:54","slug":"fonds-regionaux-de-solidarite-ftq-montreal-invests-4-3-million-in-roupe-bbh-acquired-by-phoenix-partners","status":"publish","type":"post","link":"https:\/\/phoenix-partners.ca\/en\/fonds-regionaux-de-solidarite-ftq-montreal-invests-4-3-million-in-roupe-bbh-acquired-by-phoenix-partners\/","title":{"rendered":"Fonds r\u00e9gionaux de solidarit\u00e9 FTQ Montr\u00e9al Invests $4.3 Million in Groupe BBH Acquired by Phoenix Partners"},"content":{"rendered":"
\n\t
\n\t\t
\n\t\t\t\n\t\t<\/div>\n\t<\/div>\n<\/section>\n\n
\n\t
\n\t\t
\n\t\t\t\n\t\t<\/div>\n\t<\/div>\n<\/section>\n\n
\n\t
\n\t\t
\n\t\t\t\n\t\t<\/div>\n\t<\/div>\n<\/section>\n\n
\n\t
\n\t\t
\n\t\t\t

Fonds r\u00e9gionaux de solidarit\u00e9 FTQ Montr\u00e9al Invests $4.3 Million in Groupe BBH Acquired by Phoenix Partners.
\n<\/strong>The construction projects announced to help revive the economy will have a positive impact on industrial and personal protective equipment suppliers such as Groupe BBH<\/strong><\/p>\n

Montr\u00e9al, October 26, 2020<\/strong> \u2013 The Fonds r\u00e9gionaux de solidarit\u00e9 FTQ Montr\u00e9al<\/a> (FRS) is pleased to announce a $4.3 million co-investment with Claude Lampron and Phoenix Partners<\/a>, which is acquiring Groupe\u00a0BBH\u00a0Inc.<\/a> a leading provider of industrial and retail safety workwear. Mr. Lampron, Groupe BBH’s current owner, will remain a shareholder and the president of the company.<\/p>\n

The timing of this acquisition coincides with the announcement of several construction projects designed to revive the economy. These projects will have a positive impact on industrial and personal protective equipment suppliers. The investments by the Fonds r\u00e9gionaux de solidarit\u00e9 FTQ Montr\u00e9al and Phoenix Partners will allow Groupe BBH to consolidate its leadership position in an industry that is poised to grow strongly in the months and years ahead.<\/p>\n

A booming Montr\u00e9al company<\/strong><\/p>\n

Established in 2007 following the merger of Barry & Boulerice and LNS Horizon, Groupe BBH designs and distributes personal protective products such as work and sports gloves, security equipement, industrial cords and high-visibility workwear. Headquartered in Montr\u00e9al, the company is enjoying solid growth in Canada, the U.S. and abroad.<\/p>\n

Groupe BBH has a portfolio of renowned brands including Horizon, Barry & Boulerice, H-Series, Worktuff, Terra, Dickies, Holmes Workwear, Karbon, Gardena and Roots, all known for their exceptional quality and performance in both the industrial and retail industries.<\/p>\n

A timely transaction<\/strong><\/p>\n

\u201cWe\u2019re extremely grateful to the Fonds r\u00e9gionaux de solidarit\u00e9 FTQ Montr\u00e9al for their commitment and confidence in us. With their support and expertise, we\u2019ll be able to diversify our markets and speed up the growth of Groupe BBH, a proud Qu\u00e9bec company. We will also be able to ensure the future of this company founded by Claude Lampron who, by joining our team, will bring his unparalleled experience in personal protective equipment to the table,\u201d said David Le Houx, Managing Partner at Phoenix Partners.<\/p>\n

\u201cOur mission is to support booming SMEs like Groupe BBH so they can grow and innovate while at the same time preserving and creating lasting quality jobs in the Montr\u00e9al region. We\u2019re therefore very proud to once again partner with Phoenix Partners, a private equity firm known for its keen business sense, sound governance and entrepreneurial spirit,\u201d said Peter Rayes, Regional Vice-President, Fonds r\u00e9gionaux de solidarit\u00e9 FTQ for the Montr\u00e9al region.<\/p>\n

Business solutions that make a difference<\/strong><\/p>\n

Across its 16 offices, the Fonds r\u00e9gionaux de solidarit\u00e9 FTQ offer small and mid-sized enterprises customized loan and equity solutions. Each product is developed based on the company\u2019s characteristics and the region\u2019s economic reality. Requiring no corporate or personal guarantee, FRS loans do not entail any legal or management fees and are intended to complement the financing offered by traditional financial institutions.<\/p>\n

About the Fonds r\u00e9gionaux de solidarit\u00e9 FTQ<\/strong><\/p>\n

The Fonds r\u00e9gionaux de solidarit\u00e9 FTQ have been participating in the economic development of Qu\u00e9bec\u2019s regions for over 24 years. Created in 1996, the Fonds r\u00e9gionaux have invested just over $1 billion dollars in 1,400 companies, helping to create, maintain or protect close to 52,000 jobs.<\/p>\n

About Phoenix Partners<\/strong><\/p>\n

Established in 2012, Phoenix Partners is a private equity group focused on acquiring controlling interests in traditional businesses in the lower to mid markets. Relying on an experienced dedicated team with more than 45 years\u2019 experience in the acquisition and management of private and public businesses, financing and financial markets, Phoenix Partners works to enable its partner companies to grow and reach new heights.<\/p>\n

Information for media representatives only:<\/strong><\/p>\n

Patrick McQuilken
\nSenior Advisor, Media Relations and Communications
\nFonds de solidarit\u00e9 FTQ
\nMobile: 514 703-5587
\nEmail: pmcquilken@fondsftq.com<\/a><\/p>\n

https:\/\/www.newswire.ca\/news-releases\/fonds-regionaux-de-solidarite-ftq-montreal-invests-4-3-million-in-groupe-bbh-acquired-by-phoenix-partners-836059255.html<\/a><\/p>\n\n\t\t<\/div>\n\t<\/div>\n<\/section>","protected":false},"excerpt":{"rendered":"","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[6],"tags":[],"article-type":[],"class_list":["post-821","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"acf":[],"_links":{"self":[{"href":"https:\/\/phoenix-partners.ca\/en\/wp-json\/wp\/v2\/posts\/821","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/phoenix-partners.ca\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/phoenix-partners.ca\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/phoenix-partners.ca\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/phoenix-partners.ca\/en\/wp-json\/wp\/v2\/comments?post=821"}],"version-history":[{"count":5,"href":"https:\/\/phoenix-partners.ca\/en\/wp-json\/wp\/v2\/posts\/821\/revisions"}],"predecessor-version":[{"id":866,"href":"https:\/\/phoenix-partners.ca\/en\/wp-json\/wp\/v2\/posts\/821\/revisions\/866"}],"wp:attachment":[{"href":"https:\/\/phoenix-partners.ca\/en\/wp-json\/wp\/v2\/media?parent=821"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/phoenix-partners.ca\/en\/wp-json\/wp\/v2\/categories?post=821"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/phoenix-partners.ca\/en\/wp-json\/wp\/v2\/tags?post=821"},{"taxonomy":"article-type","embeddable":true,"href":"https:\/\/phoenix-partners.ca\/en\/wp-json\/wp\/v2\/article-type?post=821"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}