Business Takeover: A Key Opportunity for Tomorrow’s Businesses

In a recent article published in Les Affaires, our partner Geneviève Vigneault emphasizes the increasing importance of business takeover for Quebec’s economy in 2025. 

According to Geneviève, business takeover is an economic trend to watch this year as it "enables entrepreneurs to benefit from a solid foundation: an established customer base, existing operational processes, and often a recognized brand." In this regard, a study by the Centre de transfert d’entreprise du Québec (CTEQ) predicted that 24,000 businesses could be transferred or sold, compared to 15,000 in 2023—a significant 60% increase. 

The article also delves into the benefits and the challenges of business takeovers, such as the lack of support and improvisation in developing and executing succession plans. Therefore, providing guidance and raising awareness among these entrepreneurs are crucial factors for achieving successful business takeovers and ensuring the long-term sustainability of Quebec businesses. 

To read the full article, visit the Les Affaires website: Read the full article here.