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Groupe Moreau
 
Groupe Moreau
 
Press Release - Groupe Moreau


July 4, 2012

Wynnchurch Capital partners with the Caisse de dépôt et placement du Québec to invest in the growth of Groupe Moreau.

The Rouyn-Noranda-based company intends to capitalize on the global demand for natural resources to further its development in Canada and around the world

Montreal, July 4, 2012 - Wynnchurch Capital has joined forces with the Caisse de dépôt et placement du Québec to make an equity investment in Groupe Moreau, a contractor specializing in electrical, structural, piping and mechanical services in the industrial sector.

With its head office in Rouyn-Noranda, Abitibi-Témiscamingue, and with offices in Val d'Or and Edmonton, Groupe Moreau has developed specialized expertise in the construction of structures intended for mining projects in northern Quebec and Ontario, Africa and, more recently, for energy projects in northern Alberta.

"Our company has had momentum for several years now and business is going well, but with these new financial partners, we will be able to step up our growth and even explore new markets elsewhere in Canada and the world," said Jean-Yves Moreau, Chairman of Groupe Moreau. "We are proud to have Wynnchurch Capital and the Caisse de dépôt et placement du Québec as shareholders and we are confident they will be key strategic partners in supporting our continued growth."

"We are proud to partner with Groupe Moreau, a Quebec company that is a leader in its field and with whom we share fundamental values. We will be available to management at all times to assist them in implementing their growth strategy. We are also pleased to partner with the Caisse de dépôt et placement du Québec, a partner with whom we have been doing business for over ten years now," said Morty White, Managing Director of Wynnchurch.

"With the demand for natural resources on the rise, Québec corporations such as Groupe Moreau will benefit from numerous growth opportunities worldwide", said Normand Provost, Executive Vice-President, Private Equity at the Caisse de dépôt et placement du Québec. "As part of this investment, we have partnered with Wynnchurch, a quality partner with experience in the manufacturing, energy and construction sectors, and whose expertise will be invaluable to the company."

ABOUT GROUPE MOREAU

Founded in 1977, Groupe Moreau has more than 900 employees, of which approximately 300 work outside of Québec. Groupe Moreau has specialized in many areas and provides its services to the mining, commercial and oil sands markets, principally in Abitibi-Témiscamingue, Northern Québec and Ontario and in Africa. On the industrial front, it also has vast experience in the forest products and energy sectors. Its services include, electrical and instrumentation, installation of industrial piping, boilers, pumps and pressure valves, civil engineering and structural work, insolation and welding. Groupe Moreau has established a solid footprint in large Northern resource exploration projects due mainly to its electrical and mechanical expertise within the industrial sector and strong key managers and supervisors at all levels and trades. Groupe Moreau has earned a solid reputation for completing high quality projects on time and on budget due to its expertise in managing large projects and workforces in remote areas in the North. It also owns a large fleet of equipment which will enable it to continue to ensure the efficiency of its operations, pursue its growth strategy , capitalize on opportunities and ensure continued satisfaction of its customers.

ABOUT WYNNCHURCH CAPITAL

Wynnchurch Capital headquartered in the Chicago suburb of Rosemont, Illinois with offices in Dallas, Detroit and Toronto, and an affiliate office in Montreal, was founded in 1999 and is a leading middle-market private equity investment firm. Wynnchurch's strategy is to partner with middle market companies in the United States and Canada which have outstanding management teams and possess the potential for substantial growth and profit improvement. Wynnchurch focuses on investments in niche manufacturing, business and industrial services, energy and power services, logistics and value-added distribution. Wynnchurch Capital manages a number of private equity funds with capital under management in excess of $1 billion specializing in management buyouts, recapitalizations, corporate carve-outs, restructurings and growth capital. For more information, please visit: www.wynnchurch.com

About The Caisse de dépôt et placement du Québec

The Caisse de dépôt et placement du Québec is a financial institution that manages funds primarily coming from pension and insurance plans from the public and private sectors. Its net assets amount to $159.0 billion as of December 31, 2011. One of the largest institutional fund managers in Canada, the Caisse invests in all major financial markets as well as in private equity and real estate. For more information, please visit: www.lacaisse.com