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Caisse, Quebec Government Invest in Canada's Groupe Ocean

Caisse, Quebec Government Invest in Canada's Groupe Ocean

Bloomberg22-07-2025
Marine towing company Groupe Ocean Inc. plans to expand to new markets after securing new capital and restructuring its shareholder base in transactions that value the business at around C$600 million ($440 million), according to people familiar with the matter.
Caisse de Depot et Placement du Quebec will reinvest in the Quebec City-based firm for an undisclosed amount, and Investissement Quebec will buy out the stake owned by Fonds de solidarite des travailleurs du Quebec 's for C$145 million, according to a news release. Founder Gordon Bain and the company's management will hold a majority stake.
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