Canadian private equity and venture capital firm the Fonds de solidarité des travailleurs du Québec FTQ has invested $3 million in Super Aqua Club. Based in Pointe-Calumet, Québec, Super Aqua Club is a recreo-tourist site that can accommodate up to 10,000 visitors a day and offers a wide range of water-based activities and access to a beach. Funding from the Fonds de solidarité FTQ has allowed the company’s president to purchase the business from its founders, a process that began in March 2011. Last month, the Montréal-based Fonds de solidarité FTQ appointed Gaétan Morin as its new president and CEO, replacing Yvon Bolduc.
Support for jobs in the recreo-tourism industry: the Fonds de solidarité FTQ invests 3 million dollars into Super Aqua Club
MONTREAL, July 16, 2014 /CNW Telbec/ – As the summer recreo-tourist season gets into full swing, the Fonds de solidarité FTQ is proud to announce that it has invested three million dollars into Super Aqua Club at Pointe-Calumet. Thanks to this financial support, the President of the company, and now sole owner, was able to finalize the purchase of the business from its founders, a process that began in March 2011.
“Throughout the years, Super Aqua Club has become a staple in the recreo-tourism industry in this province. It is a major employer of students in Pointe-Calumet and the surrounding areas,” said Janie Béïque, Senior Vice-President, Industries, Entertainment and Consumer Goods for the Fonds de solidarité FTQ. “We are convinced that the company has a bright future under its new management,” she added.
Supported by the Fonds de solidarité FTQ, Super Aqua Club wishes to continue to offer unparalleled services and to focus on innovation, while making the most out of its beach and current attractions in order to remain one of the top recreo-tourist destinations for families in Quebec.
The Super Aqua Club is able to accommodate up to 10,000 visitors a day and offers a wide range of water-based activities and access to a beach. The company is renowned for the safety of its installations and its close proximity to Montreal. During the summer season, the Super Aqua Club employs more than 300 workers, most of whom are students.
About the Fonds de solidarité FTQ
The Fonds de solidarité FTQ helps drive our economy. With net assets of $10.1 billion as of May 31, 2014, the Fonds is a development capital fund that channels the savings of Quebecers into investments in all sectors of the economy to help create and maintain jobs and further Québec’s development. The Fonds is a partner, either directly or through its network members, in more than 2,450 companies. With 613,958 shareholder-savers, the Fonds helps create, maintain and protect more than 172,000 jobs. To find out more, please visit www.FondsFTQ.com.
SOURCE Fonds de solidarité FTQ
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