CDPQ invests in AMB Modulaire
by CM staff
As part of the process, the Laval-based company will be moving forward with its cross-Canada development and growth acceleration plan within the expanding modular construction industry.
MONTRÉAL — CDPQ announced an investment in AMB Modulaire (AMB Modular), a business in the development, sale and rental of pre-fabricated modular buildings geared primarily toward the educational market (pre-school to university).
“As a long-term investment partner, CDPQ is proud to facilitate and support the Bernier-Latreille planned family succession process, with a view to ensuring the long-term viability and growth of a high-performing Québec company,” said Kim Thomassin, CDPQ’s Executive Vice-President and Head of Québec. “With this investment, CDPQ is supporting AMB Modulaire in accelerating its growth plan in Canada, in addition to helping the company’s two young co-presidents achieve their ambitions.”
This investment will enable AMB Modulaire, in which Lise Bernier and Jacques Latreille have been shareholders for over 15 years, to finalize their transfer process begun in 2016 with their sons Marc Latreille, co-President, operations, and Philippe Latreille, co-President, finance and development.
As part of the process, the Laval-based company will be moving forward with its cross-Canada development and growth acceleration plan within the expanding modular construction industry.
“Our partnership with CDPQ will definitely provide additional leverage so we can accelerate the company’s growth. Jacques and Lise understood the potential of modular construction and gave us the autonomy to grow the business significantly in recent years. My brother and I have some ambitious goals for AMB Modulaire, and we firmly believe that this new partnership with CDPQ will lead to our company expanding even more, particularly in Eastern Canada and in the private sector. The modular construction sector is constantly growing, and CDPQ is helping us maximize our business opportunities and support our outreach efforts by drawing on its vast network of contacts. These are all major pluses for us,” said Philippe Latreille, Co-President and Head of Finance and Development at AMB Modulaire.
This transaction aligns with CDPQ’s Ambition ME strategy, which involves supporting mid-sized companies with strong growth potential while driving their next stage of growth.
