Fonds de solidarité FTQ Network Invests $11 Million to Support the Growth of Groupe Blais Synergie

Rouyn-Noranda, le 24 octobre 2023

The Fonds de solidarité FTQ and the Fonds régionaux de solidarité FTQ Abitibi-Témiscamingue are investing $11 million in Groupe Blais Synergie, thus becoming a minority shareholder and the first outside investor in the company. Groupe Blais Synergie employs around 700 people and specializes in the construction of industrial infrastructure for the mining and biomass energy sectors. 

"The Blais family and Groupe Blais Synergie have an established reputation in the mining industry, where their expertise has been recognized for many years. We are pleased to add the company to the Fonds de solidarité FTQ portfolio," said Julie Morand, Vice-President, Private Equity and Impact Investments – Industries and Mining, at the Fonds de solidarité FTQ. 

"The economic development of Abitibi-Témiscamingue depends on our regional flagships. We are delighted to be working with our Fonds colleagues to support the growth of Groupe Blais Synergie here in Rouyn-Noranda," said Édith Gaudet, Regional Vice-President of the Fonds régionaux de solidarité FTQ Abitibi-Témiscamingue. 

"Our vision is to ensure the company's future through sound management and growth. We are very happy to have the Fonds de solidarité FTQ network on board," said Groupe Blais Synergie President Jean-François Blais. 

Headed by Jacques Blais, Groupe Blais Synergie comprises a number of companies, including Les industries Blais, which operates in the industrial construction sector with a focus on energy-efficient management. The company recently acquired a stake in Ontario-based KMW Energy Group. 

About the Fonds de solidarité FTQ

The Fonds de solidarité FTQ is a source of pride in Québec, fulfilling its mission through a unique business model created 40 years ago. Since then, the Fonds has rallied Québec into action thanks to the retirement savings of 765,721 shareholders. 

With net assets of $18.4 billion as at May 31^st, 2023, the Fonds supports more than 3,700 companies through venture and development capital investments based on the belief that impact is created as much by financial as social returns. For more information, visit fondsftq.com or our company page on LinkedIn. 

About the Fonds régionaux de solidarité FTQ

A part of the Fonds de solidarité FTQ network, the Fonds régionaux de solidarité FTQ help further regional economic development in Québec by channelling the savings of more than 765,000 Quebecers into local investments. The Fonds régionaux have invested $1.5 billion in more than 1,700 companies since their inception in 1996.

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