Culligan Québec announces acquisition by entrepreneurs

MONTREAL — The water treatment specialist Culligan Québec has changed hands after being bought by two of its leaders. Young entrepreneurs Simon Douville and Jérôme Guimont joined forces with National Bank Private Investment™ (NBPI) to acquire all of the operations of Culligan Québec and Culligan Granby.

Culligan Québec offers water treatment solutions for the residential, industrial and commercial sectors. Until its purchase by Mr. Douville and Mr. Guimont, the company had been operated for two generations by the Martineau family, who built it. Culligan Water is a global company involved in water treatment systems, recognized for its technological leadership and the quality and reliability of its products.

“The water treatment sector offers excellent growth potential, in terms of both organic growth of operations and consolidation of the many players across Quebec,” said Jérôme Guimont, co-owner of Culligan Québec.

“Interest in water quality is growing non-stop as this resource, which is so important for everyone’s health, becomes increasingly scarce. With NBPI, we have a strong strategic partner we can count on for support as we set up our sustained growth strategy,” added Simon Douville, co-owner of Culligan Québec.

Simon Douville and Jérôme Guimont both have degrees in Business Administration and nearly 10 years of experience working together in a manufacturing company that grew significantly during their tenure.

Main uses of Culligan products and services:

• Residential: water softeners, filters and reverse osmosis systems to improve drinking water, care for sensitive skin and protect appliances.
• Commercial and Industrial: water purification and stabilization for industrial processes, in particular for food processing plants, microbreweries, distilleries, vaccine production plants, hydrogen production, etc.

“In the coming years, demographics will lead to many businesses changing hands. We have the capital and expertise needed to support entrepreneurs who are looking to purchase these businesses and ensure their continuity. Simon and Jérôme have the talent, determination and vision to make Culligan Québec even more successful and we’re proud to support them,” said Luc Ménard, Executive Vice-President, Managing Director and Head of Private Investments at National Bank.