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Private equity firm invests in Canadian Courchesne Larose

Courchesne Larose Ltd., a Canadian fresh fruit and vegetable distributor, announced a significant investment in its share capital by Sagard Private Equity Canada, Sagard’s Canadian midmarket private equity fund, to accelerate its expansion.

In conjunction with the shareholders of the 3rd and 4th generations of the Routhier Monette family, as well as the management team at the Courchesne Larose Group, Sagard PE is joined in the investment by Fondaction and Roynat Equity Partners. The Courchesne Larose Group includes Aliments Bercy, Krops Imports, Marcan Packaging, Dynapro Transport, Maroc Fruit Overseas Company and Green Earth Produce Trading.

“There is a strong fit between Sagard’s reputation and profile and the entrepreneurial culture within the Courchesne Larose family. In addition, we appreciate the extensive network and the investment horizon of the Sagard team. We are extremely grateful for the loyalty and hard work of the 600 employees who are part of our family. We will ensure that the family culture that has served us so well remains the foundation of our business strategy and our success. Together we will continue to manage the company’s growth, as my father and grandfather did, and as we have done, for more than a century,” said Alain Routhier, copresident, Courchesne Larose Group.

“We are proud to partner with the Routhier Monette family and its history of continuous growth dating back over 100 years, a truly impressive track record. This collaboration will have a positive impact for all of the Courchesne Larose Group’s stakeholders,” said Marie-Claude Boisvert, partner and head of Sagard PE.

“We are already a major distributor of fruits and vegetables in Quebec as a Canadian vertically integrated producer, importer and distributor. With this support, we will now have the ability to replicate our business model and increase our presence in markets outside Quebec and the Maritimes, and pursue our ambitious growth plan,” said Michel Routhier, co-president, Courchesne Larose Group.

For more information:
Martine Robert
Courchesne Larose Group
Tel: +1 (514) 843-2062
[email protected] 
https://courchesnelarose.com/ 

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