W Investments acquires Quebec’s Groupe BFL

MONTREAL — W Investments Group II L.P. has announced the acquisition of Quebec-based Groupe BFL. This acquisition was made in partnership with Desjardins Capital and with Group BFL’s management team which remains in place.

HVAC company, Groupe BFL, designs and manufactures ventilation systems

“I am proud of the company we have built over the past decades, and I feel that W Investments and Desjardins Capital are the right partners to support the management team in its objective of accelerating the growth of the company and the presence of our products throughout North America,” said Group BFL’s François Martin.

“Investing in entrepreneurs who are committed to reducing our global ecological footprint is consistent with the values of W and of our partner Desjardins Capital. The energy recovery systems developed by Nagas and Bousquet greatly reduce the natural gas consumption of thousands of institutional, industrial, and commercial buildings and this makes a difference for our planet,” said David Waddell, managing partner of W Investments Group.

“We are very thrilled about this promising new partnership with W Investments. W is an ideal strategic partner for us, embodying the same entrepreneurial values and having the required expertise to achieve our growth objectives throughout North America,” said Michel-André Lamarche, President and CEO of Groupe BFL.

“This investment from Desjardins Capital, in partnership with W Investments Group, will allow Group BFL to deploy its full potential in achieving its growth objectives. This transaction is consistent with our mission and our values since it allows us to support a company that offers innovative alternatives in connection with sustainable development and ESG criteria, which make it a leader in its industry,” said Nathalie Bernard, Chief Operating Officer of Desjardins Capital.