The Quebec-based company generates over 70% of its revenue in the United States
Saint-Georges (QC), October 8, 2024 – Norea Capital joins brothers Pierre and Francis Pomerleau, as well as the employee shareholders of Beaubois, by acquiring over 40% of the company’s shares. This investment will allow the company to implement its acquisition strategy in the United States. It will also support the company in its goal of becoming a reference in automation in North America.
“Founded in 1977 by my father, Hervé Pomerleau, Beaubois is at a turning point in its history,” stated Pierre Pomerleau, Executive Chair of the Board at Pomerleau. “Thanks to our employees’ expertise and our management team’s ambitious business plan, Beaubois has become a North American reference in our industry. With the support of Norea Capital as a business partner, we will be able to complete the automation of our 175,000-square-foot factory in Saint-Georges, where we design and manufacture eco-friendly architectural woodworking solutions. We will also be able to proceed with acquisitions, particularly in the United States.”
These acquisitions aim to achieve three objectives:
- Increase our manufacturing capacity,
- Facilitate our business development in the American market by having a stronger local presence, and
- Gain access to new clients.
Sustainable Buildings and Responsible Woodworking
“Beaubois is among the Quebec manufacturing companies that focus the majority of their production on American clients,” noted Luc Ménard, president and managing partner of Norea Capital. “Our decision to become a shareholder of Beaubois is based on the visionary approach of its management team, which has made the company shine here and in the United States. Its order book of over $175 million reflects Beaubois’ ability to deliver custom, high-end, and competitively priced projects in a market exceeding $2.5 billion. We also commend Beaubois’ commitment to contributing to the LEED® certification of several buildings, thereby reducing greenhouse gas emissions.”
Beaubois at a glance
- A North American leader in high-end and large-scale architectural projects for luxury hotels, courthouses, casinos, hospitals, performance halls, amphitheaters, and other innovative architectural endeavors.
- Project sales in Canada and across the United States, covering 33 states. Notable projects include the West Block of the Parliament Buildings in Ottawa, CHUM in Montreal, the National Bank headquarters in Montreal, Senior Residences in Quebec, Dickies Arena in Fort Worth (Texas), Dr. Phillips Center for the Performing Arts in Orlando (Florida), Will County Courthouse in Joliet (Illinois), and AT&T Stadium in Arlington (Texas).
- A modern factory of 175,000 square feet located in Saint-Georges (Quebec)
- 285 employees, including 185 factory workers.
- Significant investments in automation and robotics have transformed the custom production factory into a connected 4.0 production environment. To date, capacity gains of 25% have been achieved through these investments.
About Beaubois
Groupe Beaubois redefines architectural woodworking by offering custom solutions that combine creativity, precision, and craftsmanship. Specializing in high-end, complex, and large-scale architectural woodworking projects, it has established itself as one of the leaders in the North American market, with a majority of sales directed towards the United States. Its team of experts works to bring the most ambitious visions of the market to life. The company creates projects for luxury hotels, courthouses, casinos, and other innovative architectural endeavors. Each project is designed with unparalleled attention to detail and materials. Groupe Beaubois has built a reputation for excellence based on a passion for the art of woodworking and a commitment to innovation. By using eco-friendly materials and sustainable practices, each project positively impacts our environment. Groupe Beaubois can transform its clients’ spaces into true architectural works of art. For more information, visit Beaubois.
About Norea Capital
With assets under management of $559 million as of June 30, 2024, Norea Capital is an independent private equity manager focusing on Canadian mid-market companies. It serves as a strategic partner that, in keeping with ESG factors, supports privately held SMEs in their growth plans, acquisition and merger projects, business transfers, and the establishment of high-value-added governance structures. Norea Capital distinguishes itself through its association with prominent family businesses established in Montreal, active in Canada and internationally, which leverage their expertise for the benefit of local entrepreneurs. To learn more, visit Norea Capital.
