With a total of 11 businesses supported in 2018-2019, the Fonds régionaux de solidarité FTQ Québec injected more than $15.9 million in the local economy
Highlights
- In fiscal 2018-2019, the Fonds régionaux de solidarité FTQ Québec invested $15,932,044 in 11 regional companies.
- The partner companies are: Brassard Goulet Yargeau Services financiers intégrés, Filtrum Construction, Fleurigros (1995), Graphica Impression, ITC Technologies, Kia Québec, La Corporation de Clôtures, Mode Avalanche, R.E.G.A.R. gestion financière, Saint-Gelais, Montminy, Associés, Architectes, and Technologie Alpha Lazer.
- Since its creation in 1996, the Fonds régionaux de solidarité FTQ Québec has invested $91.5 million in the region.
Québec City, June 17, 2019 – In the past year, the Fonds régionaux de solidarité FTQ Québec invested $300,000 in La Corporation de Clôtures, a company specializing in the manufacture and installation of fences for the residential and commercial markets. This investment was one of eleven made in 2018-2019, bringing the total to over $15.9 million for the FRS Québec.
The result of a market consolidation in 1995, La Corporation de Clôtures is an amalgamation of Clôture Nordik, Clôtures Orléans and Clôture Unique. More recently, in 2018, the group expanded with the acquisition of three other companies in the field: Clôture de la Capitale, Clôtures Experts and Clôture à Rabais. The investment of the FRS Québec will be used to finance the company’s growth, which has not excluded more acquisitions to support its growth.
“We have developed a new niche with distribution, which allows us to sell equipment to smaller installers. In this way, we can better position ourselves in the high-end market with high quality standards. With the financial support of the Fonds régionaux de solidarité FTQ Québec, we will be in a better position to pursue our growth projects,” said Jonathan Tremblay, President and CEO of La Corporation de Clôtures.
“Our investment teams are interested in companies that operate in a wide variety of sectors. Their common denominator is that they all demonstrate vision and develop promising projects to ensure their company’s growth and expansion. La Corporation de Clôtures is a good example in this regard, and we’re proud to support such dynamic entrepreneurs. This company makes a tangible contribution to our positive results in the regional economy,” said in turn Jean Roy, Regional Vice-President for the Québec and Chaudière-Appalaches regions, Fonds régionaux de solidarité FTQ.
A well-entrenched and healthy FRS network
In fiscal 2018-2019, the Fonds régionaux de solidarité FTQ invested a total of $120,662,030 in 117 Québec businesses. This was an exceptionally strong year in terms of investments made and number of files handled since the creation of the Fonds régionaux in 1996.
“Thanks to the Fonds régionaux, we’ve been able to develop a strong network on the ground and boost our presence in every region of Québec. Our investment teams and board members are very close to the business communities they serve. They are therefore well placed to understand local issues and propose financing solutions that meet the needs of the region’s entrepreneurs. These solid results attest to the strength of our network and our contribution to the vitality of the regional economy,” concluded Luc Pinard, President and CEO, Fonds régionaux de solidarité FTQ.
About the Fonds régionaux de solidarité FTQ
The Fonds régionaux de solidarité FTQ have been participating in the economic development of Québec’s regions for over 23 years. An integral part of the Fonds de solidarité FTQ network, the Fonds régionaux have invested $918 million in 1,434 projects since their inception in 1996, helping to create, maintain or protect 51,846 jobs.
About La Corporation de Clôtures
La Corporation de Clôtures was created in 1995 when two large companies merged: Clôture Orléans, founded in 1975, and Clôture Nordik, founded in 1987. A specialized contractor, the company serves both the commercial and residential sectors. Nearly 50 employees install over 100,000 linear feet of fencing every year. With thousands of satisfied customers for over 40 years, La Corporation de Clôtures is the largest retailer, recommended and accredited by manufacturers in Québec City.
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