Fonds de solidarité FTQ is a private equity and venture capital firm based in Montreal, Canada, with additional offices in Quebec. Established in 1983, the firm specializes in investing in small and medium-sized businesses across various sectors, including natural resources, aerospace, agri-food, life sciences, and culture. It primarily focuses on projects that require funding of $3 million or more and provides loans up to $2 million. The firm actively seeks investment opportunities in Quebec, particularly in regions such as Abitibi-Témiscamingue and Montérégie. Fonds de solidarité FTQ invests in a range of activities, including business succession, financial restructuring, and market development, while avoiding sectors like retail, real estate, and biotechnology. It typically engages in equity financing and unsecured debt with investment horizons ranging from five to ten years. The firm aims to support projects that positively impact the Quebec economy and often takes either minority or majority stakes in its portfolio companies.
Vice President, Private Equity and Impact Investing
Martin Guestier
Director, Private Equity and Impact Investing
Daniel Hinse
Vice President, Private Equity and Impact Investing
Philippe P. Huneault
Vice President, Private Equity and Impact Investing
Emmanuelle Héroux
Director, Private Equity and Impact Investing
Patrice Jolivet
Vice President, Investments - Agri-Food and Health
Dominic Lainesse
Director, Private Equity and Impact Investing
Julien Laplante
Director, Private Equity and Impact Investing
Youssef Lemgendez
Director, Private Equity and Impact Investing
Benoit Leroux
Director, Private Equity and Impact Investing
Raphaël Marcel
Director, Private Equity and Impact Investing
Pierre-Jean Mathon
Director, Private Equity and Impact Investing
Claudia O'Connor Messier
Director, Private Equity and Impact Investing
Serge Michaud
Director, Private Equity and Impact Investing
Véronique Missout
Director, Private Equity and Impact Investing
Julie Morand
Vice President, Private Equity and Impact Investing
Martin Ostiguy
Director, Private Equity and Impact Investing
Céline Palhol
Director, Private Equity and Impact Investing
Nicolas du Parc
Director, Private Equity and Impact Investing
Dany Pelletier
Executive Vice President, Private Equity and Impact Investing
Maxime Pesant
Director, Private Equity and Impact Investing
Gilles Poulin
Vice President, Private Equity and Impact Investing
Julie Proulx
Director, Private Equity and Impact Investing
Sophie Robillard
Vice President, Private Equity and Impact Investing
Florence Rozen
Scientific Director, Private Equity and Impact Investing
Dany Sarazin-Sullivan
Investment Manager
Sébastien Sauvageau
Director, Private Equity and Impact Investing
Benoit Tétrault
Director, Private Equity and Impact Investing
Past deals in Food Processing
Rustica Foods
Venture Round in 2025
Rustica Foods, a family-owned business, specializes in manufacturing authentic Italian pizzas and focaccias. They are renowned for their superior quality and flavor, achieved through a unique manufacturing process that mimics traditional pizzaiolo techniques. The company caters to four primary market segments, offering a range of products including ready-to-eat fresh tomato pizzas, par-baked premium pizza crusts, and frozen topped par-baked crust pizzas.
Lantic
Post in 2024
Lantic Sugar Limited and Rogers Sugar Ltd. merged into a new operating entity now known as Lantic Inc., on June 30, 2008. The two companies had worked together as one for a number of years before the amalgamation. The finest traditions of both companies form the foundation of a culture that is national in character and diverse in ambition. They have entered a new and dynamic era in the life of their company, which began nearly a century ago. The established trademarks of both Lantic and Rogers are being used by Lantic Inc. as they leverage the historic brand awareness they enjoy in Eastern Canada with the Lantic name, and Western Canada with the Rogers name.
Solucycle
Acquisition in 2023
Solucycle is a food waste management company based in Quebec, Canada, focused on the recovery and treatment of food waste from industrial, commercial, and institutional facilities. The company utilizes technology installed in kitchen environments to simplify waste management processes, converting food waste into biogas. This innovative approach not only aids in waste reduction but also enhances operational efficiency and profit margins for clients. Additionally, Solucycle provides automated alerts, collection services, and repurposing solutions to support comprehensive waste management strategies.
Worximity
Series B in 2022
Worximity Technology Inc., established in 2011, specializes in real-time manufacturing process monitoring and transformation. Headquartered in Montreal, Canada, with offices in Chicago, Vannes, and Adelaide, the company develops a cloud-based dashboard that collects and analyzes data from connected equipment, enabling food processing companies and manufacturers to make smarter, data-driven decisions at all levels, from shop floor to business.
Sollio Cooperative Group
Venture Round in 2020
Sollio Cooperative Group, headquartered in Montreal, Quebec, is a prominent agri-food federation that serves agricultural producers and consumers across Canada. With over 60,000 members organized into nearly 70 cooperatives, Sollio Cooperative Group employs more than 13,000 individuals and generates an annual revenue of $6.3 billion. The organization operates through three main divisions: Olymel S.E.C, which encompasses meat processing brands like Olymel, Flamingo, and Lafleur; the Agri-business division, which includes brands such as La Coop, Élite, Agrocentre, Agrico, and Agromart; and the BMR Group, featuring BMR, Unimat, and Potvin & Bouchard. Established in 1922, Sollio Cooperative Group plays a crucial role in providing agricultural services and support, enabling farmers to enhance their crop production and overall operational efficiency.
Les Aliments Morehouse
Debt Financing in 2020
Les Aliments Morehouse Canada Limited, established in 2000 and located in Lachine, Canada, specializes in the manufacturing and distribution of mustard sauce, as well as a variety of other food products, including sauces, dressings, and hot sauces. The company offers its products for online shopping, facilitating customer access to its range of culinary offerings. An online inquiry form is also provided on the company's website, allowing for direct communication with potential clients and consumers.
Chocmod
Venture Round in 2020
Chocmod is a family-owned business established in 1948 and based in Roncq, northern France. Recognized as a leader in the production of chocolate truffles, the company manufactures a variety of confectionery products, including chocolate-covered marshmallows, candies, nougats, and chocolate chips. Chocmod distributes its gourmet offerings in over 45 countries across five continents. To better serve the American market, a second production facility was opened in 2011 in St-Jean-sur-Richelieu, near Montreal. The company emphasizes its commitment to French craftsmanship in chocolate production, providing both branded and private label products to meet diverse customer needs.
Sollio Cooperative Group
Venture Round in 2019
Sollio Cooperative Group, headquartered in Montreal, Quebec, is a prominent agri-food federation that serves agricultural producers and consumers across Canada. With over 60,000 members organized into nearly 70 cooperatives, Sollio Cooperative Group employs more than 13,000 individuals and generates an annual revenue of $6.3 billion. The organization operates through three main divisions: Olymel S.E.C, which encompasses meat processing brands like Olymel, Flamingo, and Lafleur; the Agri-business division, which includes brands such as La Coop, Élite, Agrocentre, Agrico, and Agromart; and the BMR Group, featuring BMR, Unimat, and Potvin & Bouchard. Established in 1922, Sollio Cooperative Group plays a crucial role in providing agricultural services and support, enabling farmers to enhance their crop production and overall operational efficiency.
Worximity
Series A in 2019
Worximity Technology Inc., established in 2011, specializes in real-time manufacturing process monitoring and transformation. Headquartered in Montreal, Canada, with offices in Chicago, Vannes, and Adelaide, the company develops a cloud-based dashboard that collects and analyzes data from connected equipment, enabling food processing companies and manufacturers to make smarter, data-driven decisions at all levels, from shop floor to business.
Fromagerie Montebello
Venture Round in 2019
A cheesemaker's dream Alain Boyer made cheese for several years at the Fromagerie de Plaisance, only to take another route… without, however, mourning the loss of the profession. In 2011, the stars realigned. Fromagerie Montebello was born in the heart of the Petite-Nation, to the great pleasure of lovers of fine cheeses who first adopted Tête à Papineau with enthusiasm! Thanks to the support of bodies that believed in the project, including the Quebec Ministry of Finance and the Economy, the Quebec Ministry of Agriculture, Fisheries and Food, Investissement Quebec, Canada Economic Development and the Center local de développement Papineau, the premises on rue Principale now had an occupant. The artisanal production and marketing of cheese products was launched.
BCI Foods
Private Equity Round in 2018
BCI Foods is a food production company based in Saint-Hyacinthe, Québec, specializing in canned soups and sauces. The company offers a diverse array of products, including savory soups, ready-to-serve soups, broths, sauces, and ready-to-eat pasta and meals in packets. BCI Foods emphasizes innovation within the food industry and aims to enhance store brand growth by delivering high-quality dining experiences that align with its core principles. Their product line also includes luxury recipes and health-oriented options, enabling customers to enjoy flavorful and nutritious meals.
Inovia
Debt Financing in 2018
Inovia, established in 2006 and based in Sainte-Marie, Canada, specializes in designing, manufacturing, and installing customized process equipment and machinery. Serving a diverse range of sectors including food, biochemical, and industrial, the company's portfolio spans from food processing equipment like feeders and grinders to biochemical sector machines such as powder hoppers and pharmaceutical conveyers, and industrial sector machineries like temporary bridges and robotic packaging systems. Inovia is committed to delivering high-quality, high-performance solutions tailored to clients' unique production process needs.
Les Industries Bernard & Fils
Venture Round in 2017
Les Industries Bernard & Fils Ltée, established in 1966 and headquartered in Saint-Victor, Canada, is a prominent producer and distributor of maple syrup. The company specializes in a range of syrup products, including blueberry syrup and organic pure maple syrup, all produced without preservatives, high fructose corn syrup, sodium, artificial flavors, or colors. It supplies its products to major retailers such as Walmart and Loblaws, catering primarily to the food industry.
Alimentation l'Epicier
Debt Financing in 2017
Alimentation l'Epicier Inc. is a Canadian food supplier founded in 1996 and headquartered in Saint Leonard, with branches in Quebec and Ontario. The company specializes in a diverse range of food products, including meat items available through its butchers' shop and a variety of non-perishable goods such as pasta, sauces, spices, and coffee. Alimentation l'Epicier also offers charcuterie and fish products, catering to both retail and online shoppers. With a focus on quality and accessibility, the company serves the local community by providing a wide selection of essential food items.
Worximity
Venture Round in 2015
Worximity Technology Inc., established in 2011, specializes in real-time manufacturing process monitoring and transformation. Headquartered in Montreal, Canada, with offices in Chicago, Vannes, and Adelaide, the company develops a cloud-based dashboard that collects and analyzes data from connected equipment, enabling food processing companies and manufacturers to make smarter, data-driven decisions at all levels, from shop floor to business.
Premier Tech
Venture Round in 2013
Premier Tech, headquartered in Rivière-du-Loup, Canada, is a global leader in packaging equipment manufacturing, serving the nutrition, industrial, agricultural, and organics sectors. The company specializes in a wide array of solutions, including weighing, feeding, bagging, case packing, palletizing, and load securing. With a strong global presence, Premier Tech maintains a local focus, offering tailored solutions and comprehensive lifecycle support, such as 24/7 technical support, spare parts, field service, and remote connectivity. The company employs over 4700 team members across 28 countries and 47 manufacturing sites worldwide. Premier Tech is committed to sustainability, offering peat-based growing media, soil amendments, and water-treatment systems, while also focusing on skills development and operational excellence to create value for its customers.
E2metrix
Seed Round in 2012
E2metrix Inc. specializes in the design, development, and manufacturing of advanced wastewater treatment systems, utilizing its proprietary electrolysis technology platform, ECOTHOR. Founded in 2011 and headquartered in Sherbrooke, Canada, the company focuses on addressing the needs of various industries, including municipal water treatment, food processing, dairy, mining, and pulp and paper. E2metrix’s innovative solutions are designed to remove targeted contaminants such as phosphorus and ammonia, while also facilitating resource recovery. With a strong emphasis on technological advancement, E2metrix aims to provide effective and sustainable options for wastewater management across multiple sectors.
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