Roynat Equity Partners, Fonds de solidarité FTQ and Fonds régionaux de solidarité FTQ have together invested in Groupe Stageline Inc, a L’Assomption, Québec-based designer, maker, distributor and renter of mobile stages. No financial terms were disclosed for the deal, which was also backed by members of senior management. It will support the company’s growth initiatives and internal succession from the founder, CEO Yvan Miron. The mobile stages of the 31-year old Stageline are used every year in more than 20,000 events in 48 countries. The Fonds has previously invested in the company, as has Caisse de dépôt et placement du Québec.
Photo: Yvan Miron, founder and CEO of Groupe Stageline Inc.
Roynat and Fonds de solidarité FTQ Invest in Stageline
A leading Quebec company operating in L’Assomption for over 30 years
Roynat Equity Partners, the Fonds de solidarité FTQ and the Fonds régionaux de solidarité FTQ have invested in Stageline to support its numerous growth projects.
This investment will also support Stageline’s internal succession from founder, Yvan Miron, to the Company’s robust management team.
The Fonds had also previously partnered with Stageline from 1996 to 2004.
Established in Lanaudière with over 150 employees, Stageline is known for offering innovative, safe, and high-quality products in a competitive market.
A North American leader in the manufacturing, distribution, and rental of mobile stages, Stageline is the only company of its kind offering mobile stages of all sizes that can be used for various events.
L’ASSOMPTION, QC, March 28, 2018 /CNW Telbec/ – Roynat Equity Partners, the Fonds de solidarité FTQ and the Fonds régionaux de solidarité FTQ Lanaudière have invested to support the growth and succession plans of Groupe Stageline Inc., a leader in the design, manufacturing, sale, and rental of mobile stages in North America and abroad.
Every year, Stageline’s mobile stages are used in over 20,000 events in 48 countries worldwide. With a fleet of over 100 stages, the company is the largest renter of mobile stages in North America. The investment will allow Stageline to remain in Québec, in the Lanaudière region, where the growing company has two plants.
As a testament to the strength of its executives, the company’s founder Yvan Miron has chosen members of management, Pierre-Luc Rompré, Jean Paquet, Francine Laliberté, Dominic Bossé, Jonathan Doucet, Frédéric Lemieux-Samson, and Frédéric Munger to take part in the shareholdings as part of this transaction, as well as his daughter Marianne Miron who works in the sales department.
“Stageline is pleased to once again partner with the Fonds and welcome Roynat as a shareholder. Besides supporting our growth projects, this deal reaffirms our desire to remain in Lanaudière. We’ve steadfastly worked for 30 years to offer the most sophisticated, safe and innovative products on the market. By making our executives part of the shareholding management team, we’re confirming our commitment to staying at the top of our field.”
Yvan Miron, Founder and CEO, Stageline
“The Stageline vision to reinvent outdoor stages by making them safe and easy to use has allowed the company to carve itself a place of choice in the market. Offering an exportable, high value-added product creates tangible growth opportunities. The internal succession plan aimed at controlling Stageline’s destiny clearly illustrates a strong sense of belonging within the company. The team has proven expertise in which we have full confidence. This investment will also allow us to diversify our entertainment portfolio in a promising segment.”
Jean Wilhelmy, Senior Vice-President – Natural Resources, Manufacturing and Services, Fonds de solidarité FTQ
“Stageline is an investment opportunity that fits perfectly in line with our mandate. It’s a company that has become a leader in its market thanks to an excellent reputation and high-quality products that are, safe, reliable and innovative. From design to manufacturing to the use of its stages, Stageline also seeks to minimize its environmental footprint. Over the years, the founder has surrounded himself with a qualified and efficient team, and we’re proud to partner with this company to support its growth projects, which will only enhance its already solid reputation in North America and abroad.”
Catherine Parent, Director, Roynat Equity Partners
Founded in 1987 by Yvan Miron who is still acting as the CEO Stageline designs, manufactures, sells, and rents mobile stages in over 48 countries in North America and abroad. The company owes its success to the reliability, safety, and innovation of its stages. Over the years, Stageline supplied the stages for the Olympic Games in Atlanta, Sydney, Salt Lake City, Vancouver, and Rio, and has won numerous international awards. The Company is also known for its LEED certified eco-friendly facilities. www.stageline.com
About Roynat Equity Partners
Roynat Equity Partners facilitates growth and creates wealth in established mid-market private companies by providing patient capital, advice and contact networks to Canadian entrepreneurs. With over $300 million in committed capital and offices across Canada, Roynat Equity Partners is dedicated to helping mid-market companies grow and achieve their business goals. Flexible investment structures are tailored to the needs of partners and include common equity, preferred equity, and convertible debt and can be part of a complete financing solution provided by Roynat Capital and Scotiabank. Roynat Equity Partners is a division of Roynat Inc. which is a wholly owned subsidiary of Scotiabank. For more information, please visit www.roynat.com/equity
About the Fonds régionaux de solidarité FTQ
The Fonds régionaux de solidarité FTQ have been helping to further regional economic development in Québec for over 20 years. An integral part of the Fonds de solidarité FTQ network, the Fonds régionaux have invested $697 million in 1,095 projects since 1996, helping to create, maintain or protect close to 39,400 jobs.
About the Fonds de solidarité FTQ
The Fonds de solidarité FTQ is a capital development fund that channels the savings of Quebecers into investments. With $13.7 billion in net assets as at November 30, 2017, the Fonds has helped create and maintain over 186,440 jobs. The Fonds has more than 2,700 partner companies and over 645,000 shareholder-savers.
For further information: for media representatives only: Patrick McQuilken, Senior Advisor, Media Relations and Communications, Fonds de solidarité FTQ, Phone: 514 850-4835, Mobile: 514 703-5587, Email: email@example.com
Photo courtesy of CNW Group/Fonds de solidarité FTQ