In the eye of Quebec Inc.: an Indian giant swallows up a local company

In this column, we provide an overview of insider transactions and investments in Quebec companies.

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Wipro acquires Mailhot Industries

The Indian multinational Wipro announced Thursday, in a press release published in several languages, except French, the acquisition of Mailhot Industries for an unspecified sum. Founded in 1956 by Gilles Mailhot in Lanaudière, the company manufactures hydraulic cylinders and has around 500 employees. Mailhot Industries belonged to the Quebec investment firm Novacap since 2018.

He sells Dollarama

Archive photo, Pierre-Paul Poulin

Geoffrey Robillard, the vice-president responsible for imports at Dollarama, sold more than $7 million worth of shares in the Montreal retailer two weeks ago. Dollarama’s stock has gained around 25% since the start of the year. Having run the company since 2004, Mr. Robillard came into the spotlight last year due to controversy over his home construction projects in St. Lucia, in the Caribbean.

Desjardins invests in LOC International


Photo LOC International

The SME LOC International of Longueuil recently welcomed Desjardins Capital as a minority shareholder alongside Vincent-Olivier Beaudet and Richard Tanguay. Founded in 1988 by the latter, LOC International designs, manufactures and distributes electronic devices and equipment for the hospitality sector. The company has thousands of customers across North America and the Caribbean.

Nice profits for Bombardier VPs


In the eye of Quebec Inc.: an Indian giant swallows up a local company

Photo taken from Bombardier website

Three Bombardier executives made gains by exercising stock options in the aircraft manufacturer last week. Paul Sislian, who is responsible for after-sales service, received nearly $750,000, while Jean-Christophe Gallagher (aircraft sales) obtained more than $245,000 and Daniel Brennan (human resources), nearly $230,000.

Bousquet changes hands


In the eye of Quebec Inc.: an Indian giant swallows up a local company

Photo Bousquet Technologies

The BFL Group, specialized in energy recovery, gas heating and ventilation systems, has just accepted a purchase offer from the Quebec firm W Investissements and Desjardins. Founded in 1946, BFL has two subsidiaries: Bousquet Technologies and Nagas Innovation. The company has belonged to the Martin family since 1953.

Metro executives exercise options


In the eye of Quebec Inc.: an Indian giant swallows up a local company

Carmen Fortino

Photo taken from LinkedIn

The head of purchasing and supply chain at Metro, Carmen Fortino, took a profit of nearly $660,000 by exercising options in the supermarket and pharmacy chain last week. For his part, the head of marketing, Alain Tadros, pocketed a little more than $50,000 with options.

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