Fonds de solidarité des travailleurs du Québec (FTQ), Capital régional et coopératif Desjardins and Fondaction CSN complete their C$140 million acquisition of Atis Group Inc.

Date Closed : 2/20/2015

Value : C$140 million

On February 20, 2015, Fonds de solidarité des travailleurs du Québec (FTQ), Capital régional et coopératif Desjardins and Fondaction CSN jointly acquired Atis Group Inc. from Ohio-based private equity fund Cyprium Partners for cash consideration of $80 million and the assumption of approximately $60 million in debt. Operating out of nine manufacturing facilities in Canada and employing over 1,400 people, Atis manufactures and distributes windows and doors, selling its products via nine different brands, including Laflamme and Solarcan.

BLG represented  Fonds de solidarité des travailleurs du Québec  (FTQ) and Capital régional et coopératif Desjardins with a team led by André Dufour and Neil Hazan that included Ryan Tomicic, Line Abecassis (real estate), Shawn Connelly (employment), Marie-Claude Bellemare (environment), Vincent Frenette, Christian Lazarre and Joëlle Girard (financing) and Jon Smithen (competition).