A total of $24.8 million invested in 17 regional companies in 2020-2021 such as Labre & Associés Arpenteurs-Géomètres
Highlights
- In fiscal 2020-2021, the Fonds régionaux de solidarité FTQ Lanaudière-Laval-Laurentides invested $24.8 million in 17 regional companies.
- Labre & Associés Arpenteurs-Géomètres, Les Serres Royales, AMB Modulaire, La Petite Bretonne, Alimentation Sunbec, Hydrolico International and Les aliments Kamloop are among the investment recipients.
- Following a record year of investments by the 17 Fonds régionaux de solidarité FTQ, the Fonds de solidarité FTQ invested an additional $200 million in the network to further drive regional economic development.
Repentigny, June 21, 2021 – The Fonds régionaux de solidarité FTQ Lanaudière-Laval-Laurentides (FRS) recorded the second-best year in their history with $24.8 million invested in 17 companies during fiscal 2020-2021. By supporting partners such as Labre et Associés Arpenteurs-Géomètres, these major investments encouraged local entrepreneurship and helped create quality jobs in the region.
Labre & Associés Arpenteurs-Géomètres
In business since 1947, Labre & Associés is one of the few ISO 9001-certified land surveying companies in Québec. With offices in Repentigny, Saint-Eustache, Laval, Montréal and Brossard, and more than 70 employees, the reputable firm offers services in area leasing land surveying, technical surveying, condominium and area leasing, and remaking of the cadastre. Labre & Associés’ customer base consists of individuals, construction contractors, real estate brokerage firms and public authorities, including the Government of Québec.
A partner of FRS Lanaudière since 2015, Labre & Associés has posted solid financial results and enjoyed sustained growth. The sums invested in 2020 were used to implement the firm’s succession plan following the departure of two executives and to cement its leadership position in the industry, where it has an enviable reputation. Aiming to improve staff recruitment and retention, Labre & Associés has created a new position, Human Resources Director, to structure its HR department and establish itself as an industry leader in working conditions.
“We’re extremely pleased to have renewed our partnership with the Fonds régionaux de solidarité FTQ Lanaudière at a time when our firm has been capitalizing on the unique situation of the past year to continue its growth and develop new markets. These investments come at a turning point in our history, as Labre & Associés is being taken over by five experienced and dedicated managers who have been with the company for many years. More than ever, our firm intends to leverage what makes it strong and allows it to stand apart from the competition, namely its highly qualified employees, who are attentive to the needs of their customers but above all determined to achieve excellence in every project,” said Frédéric Brisson, president of Labre & Associés Arpenteurs-Géomètres.
“Despite a year marked by the pandemic and an unusual context, the Fonds régionaux de solidarité FTQ Lanaudière posted one of its best years ever. In addition to having contributed to the growth projects of various companies, a number of the investments made in 2020-2021 are in line with the government’s economic priorities. For example, the sums invested in Labre & Associés Arpenteurs-Géomètres have helped develop resources to create and maintain quality jobs in Québec while promoting the growth of the regional economy. The FRS are committed to being there to support their partners, even in times of uncertainty such as the one we’ve been going through since spring 2020,” said Éric Dargis, Regional Vice-President, Fonds régionaux de solidarité FTQ Laval-Laurentides-Lanaudière.
“The record year we experienced speaks to the dynamism of Québec entrepreneurs despite the pandemic. We’re proud to have supported the growth objectives of SME owners, whether through succession, acquisition, innovation or modernization projects. Investing for a better society means supporting economic development and jobs in all regions of Québec,” said Luc Pinard, President and CEO of the Fonds régionaux de solidarité FTQ.
An additional $200 million for regional economic development
“When the Fonds régionaux de solidarité FTQ were created in 1996, the development capital industry was highly concentrated in Montréal and not very accessible outside the metropolitan area. Since then, the FRS have invested $1.15 billion in almost 1,500 Québec SMEs. Such a track record would not have been possible without the vital contribution of the employees in the 17 decision-making centres of the FRS network and the active participation of the business community in every region of Québec,” said Janie C. Béïque, President and CEO of the Fonds de solidarité FTQ.
“To further drive regional economic development, the Fonds de solidarité FTQ is investing an additional $200 million in the FRS network. The teams on the ground will therefore continue to have access to the capital they need to support entrepreneurs in their projects,” added Ms. Béïque. This new funding brings the Fonds’ contribution to the FRS network to $500 million, in addition to the profits realized and reinvested.
Business solutions that make a difference
With 17 offices across Québec, the Fonds régionaux de solidarité FTQ offer small and mid-sized enterprises customized loan and equity solutions. Each product is developed based on the company’s characteristics and the region’s 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.
About the Fonds régionaux de solidarité FTQ
Celebrating their 25th anniversary this year, the Fonds régionaux de solidarité FTQ help further regional economic development in Québec by channelling the savings of over 700,000 Quebecers into local investments. The Fonds régionaux have invested $1.15 million in close to 1,500 companies since their inception in 1996, supporting more than 55,500 jobs. For more information, visit fondsreg.com.
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