Quebec investors buy back ATIS Group

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ATIS Group

ATIS Groups company management, with representatives of the Fonds de solidarité FTQ, Capital régional et coopératif Desjardins (CRCD) and Fondaction CSN have announced that they have acquired the Québec door and window manufacturer. ATIS Group was founded in 2004 with the acquisition of Laflamme Doors and Windows and Solarcan Doors and Windows.

Robert Doyon will remain an ATIS shareholder and stay on as the company’s president and CEO. The management team will also continue, and some of its members will remain minority shareholders.

ATIS Group is one of Canada’s largest manufacturers of doors and windows, with nine manufacturing facilities, 19 stores, 1,400 employees, including 900 in Québec, and some $200 million in revenues. The group manufactures, distributes and sells a complete range of energy-efficient doors, windows and products for the residential and commercial construction and renovation markets through its affiliates Altek, ATIS Portes et Fenêtres, Allsco, Extrusion SP, Laflamme, Phoenix Glass and Vinylbilt Windows & Doors.

“ATIS is a perfect example of a thriving Québec manufacturer,” said Normand Chouinard, executive-vicepresident, investments, at the Fonds de solidarité FTQ,” explaining why the organization approached the company several months ago and jumped at the opportunity to get it back into Québec hands.

“Given the calibre of the financial partners involved in this deal and the company’s management team, we’re confident ATIS will continue to prosper,he said.

Marie-Claude Boisvert, chief operating officer of Desjardins Business Capital régional et coopératif, said this new partnership perfectly reflects the organization’s mission. “We make our resources and expertise available to bold entrepreneurs who are committed to the future of their companies, here in Québec,” she said in a news release. “Our priority is to further the growth of successful firms because that’s how strong economies are built. Our partnership with ATIS Group and its management team is a prime example of this philosophy.”

“ATIS Group is a solid local company that provides jobs in several Québec regions and whose reach extends beyond our borders. It stands out not only for its innovation but for its approach to sustainable development, as exemplified by its energy-efficient products. For Fondaction CSN, these qualities make ATIS a leader in more ways than one,” said in turn Geneviève Bouthillier, assistant head of investments at Fondaction CSN.

“This deal couldn’t come at a better time for ATIS,” said ATS president and CEO Robert Doyen. “Our recently launched five-year strategic growth plan is moving ahead full steam, with three acquisitions in the last six months. Our new investors know the manufacturing industry very well and their expertise will allow us to optimize our growth. There are some excellent opportunities out there that we will now be able to seize thanks to them.”

“After a very successful 10-year partnership with U.S. investment firm Cyprium Partners, it’s time to write the next chapter in our company’s history. We are therefore greatly looking forward to the arrival of our new investors,” Doyon said.

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