Groupe Somavrac, a Québec-based infrastructure company serving strategic industries throughout the province and across Canada, has announced a partnership with a consortium led by Instar Asset Management, which includes Investissement Québec and the Fonds de solidarité FTQ.
Instar, a Canadian private equity firm focused on long-term value creation through responsible ownership of essential infrastructure businesses, will acquire the entirety of the Somavrac group, including its 12 subsidiaries.
Founded in Trois-Rivières by the Paquin family, Somavrac has grown throughout six decades into a key player in regional and national supply chains, particularly along the St. Lawrence Seaway. After the transaction closes, Instar plans to maintain Somavrac’s head office in Trois-Rivières, as well as its 500 employees in Québec and Ontario, honoring the legacy of the Paquin family by ensuring the company remains Québec-rooted, Canadian-owned and guided by a long-term stew
