The Fonds de solidarité FTQ announced on Monday that it is investing in the firm GCM Consultants to help a third generation of shareholders take the reins of the company.
“Transferring from one generation of shareholders to another is a major challenge for a company the size of GCM Consultants. The financial, tax, legal and above all human issues can be numerous,” explained Peter Rayes, regional vice-president of Fonds régional de solidarité FTQ Montréal.
Founded in 1994, GCM Consultants offers mechanical reliability consulting services in the industrial sector, helping industries across the country in their digital shift, their energy transition and to address environmental issues.
“Thanks to its world-renowned engineering schools, Quebec can count on an impressive succession of engineers. These engineers must have access to long-term capital so that they can realize their dreams here and elsewhere, and while helping Quebec to face the many environmental and technological challenges of the years to come”, underlined Gilles Poulin, Vice-President , Aerospace, Transportation and Services (Private Placements and Impact Investing) of the Fonds de solidarité FTQ, to explain this new phase in the partnership uniting the Fonds de solidarité and GCM since 2019.
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