Montreal, June 23, 2022 /CNW Telbec/ - 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").
Founded in 1954, 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 into the largest Quebec-based franchisee of Culligan Water of Illinois, with two major franchises in
Quebec City and Granby.
Culligan Water is a global leader 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.
About National Bank of Canada
With $370 billion in assets as at April 30, 2022, National Bank of Canada, together with its subsidiaries, forms
one of Canada's leading integrated
financial groups. It has more than 28,000 employees in
knowledge-intensive positions and has been recognized numerous
times as a top employer and for its commitment to diversity. Its
securities are listed on the Toronto Stock Exchange (TSX: NA).
Follow the Bank's activities at nbc.ca or via social media such as
Facebook, LinkedIn and Twitter.
About National Bank Private
Investment
National Bank Investments Inc., using the business name National
Bank Private Investment, manages the National Bank SME Growth Fund,
L.P. National Bank Private Investment (NBPI) is a venture
capital firm that offers diversified investment opportunities
to a clientele of seasoned investors from the National Bank
network. The capital raised provides support to growing companies
that wish to remain in control of their development and work with
long-term partners.
™ National Bank Private Investment is a registered trademark of
National Bank of Canada.
About Culligan
Culligan delivers better water for its clients in their homes,
offices, businesses and industrial facilities around the world. Its
product range of water softeners, water filtration systems,
commercial and industrial water treatment solutions, drinking water
systems, whole-house filtration systems and bottled water delivery
have set the standard for the water treatment industry. Culligan
was founded in 1936 as a provider of home water softening systems
and has since grown into a global leader in water treatment needs,
from the simplest filtration systems to complex industrial water
solutions.
SOURCE National Bank of Canada