Recent Cases Mar 18, 2024

Novolecs Acquires Assets of Stace in Québec

This transaction preserves world-renowned Québec expertise.

Novolecs Innovative Electrical Solutions is acquiring the Saint-Augustin-de-Desmaures-based plant and certain assets. This factory specializes in the design and manufacture of low and medium voltage auxiliary equipment, serving a large local and international customer base.

As the energy transition accelerates, electrical equipment manufactured in Saint-Augustin-de-Desmaures is becoming an essential solution to meet the growing needs of international markets for renewable energy and transportation infrastructure. In addition to the opportunity to fully exploit the plant's capacity in a booming market, this acquisition allows world-renowned expertise to remain in Québec.

BCF is proud to have acted on behalf of Novolecs in this acquisition with a team composed of Mario Charpentier, Jean-Christophe Imbeau, Laurence Babin, Noémie Monette, and Catia Veglia (business law), Caroline Emond (real estate law), Martin Sills and Ashley Weiss (financing), Gary Rivard (banking and insolvency law), Mehrez Houacine (tax law), Kevin Vincelette (labour and employment law), and Jonathan Coulombe (environmental law).

To read the press release, click here.

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