ANGUS Capital announces its first transaction and acquires Groupe Alpha-Vico

Montreal, January 10, 2024 - Six months after its launch, ANGUS Capital, a private equity fund specializing in the acquisition of Quebec-based SMEs in traditional sectors, announced today that it has completed its first transaction with the acquisition of Groupe Alpha-Vico, Quebec's only manufacturer of school furniture and one of Canada's industry leaders. The transaction, which closed in December 2023, led to the transfer of all Groupe Alpha-Vico shares to Angus Capital and to Mr. Christian Roy, who becomes President of the company.

Located in Farnham, Groupe Alpha-Vico is a second-generation company founded over 40 years ago by Louis Berthiaume and his two sons, Gilles and Pierre. Gilles has been President for the past 25 years, and continues to this day. The group employs around 140 people in four plants.

"When we launched ANGUS Capital last June, we had a clear vision: to create value for companies operating in traditional sectors. With the closing of this first transaction, we are putting that vision into action, as we aim to deploy strategies that will ensure Groupe Alpha-Vico's continued growth and promote its products outside Quebec," said Dev A. Coossa, Cofounder & Managing Partner of ANGUS Capital.

"Our model relies on the integration of a partner-operator to achieve sustainable growth and create value quickly. We've found the right partner in Christian Roy, who joins us on this adventure, bringing with him over 15 years of experience in the furniture manufacturing and distribution sector. This approach also enables us to ensure a smooth transition of Groupe Alpha-Vico's activities, while retaining the entrepreneurial spirit of its founder," added Nicolas Pinto, Cofounder & Partner of ANGUS Capital. 

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Sources:  

Dev. A. Coossa, Cofounder & Managing Partner
dcoossa@anguscapital.ca
514.771.8323

Nicolas Pinto, Cofounder & Partner
npinto@anguscapital.ca
514.924.4621