Ocean Group, a leader in the maritime industry in Quebec, announced a change in its shareholding structure, marking a milestone in its development. The transition is being carried out with the continued
Ocean Group, a leader in the maritime industry in Quebec, announced a change in its shareholding structure, marking a milestone in its development.
The transition is being carried out with the continued involvement of Mr. Gordon Bain, the company's founder, and through a management buyout process led by Mr.J acques Tanguay, the company's President and Chief Executive Officer. This change will allow Ocean Group to welcome new strategic partners while strengthening its Quebec and Canadian identity.
Mr. Gordon Bain and the senior management retain control of the company, ensuring committed and entrepreneurial leadership. La Caisse (formerly CDPQ), a long-standing partner of Ocean, is also reinvesting in the company, while the Government of Quebec and Investissement Québec are acquiring equity interests by investing USD$106.5 million (CAD$145 million), replacing the Fonds de solidarité FTQ.Together, La Caisse and Investissement Québec will act as equal shareholders.
Thanks to the participation of these two institutional investors, Ocean Group remains a wholly Quebec-owned company headquartered in Quebec City. La Caisse's commitment since 2014 and Investissement Québec's acquisition of a stake in the company allow Ocean Group to maintain its local presence and promote sustainable growth.
Ocean Group is a recognized leader in harbor towing,
Content Original Link:
" target="_blank">
