22-07-2025
Caisse, Quebec Government Invest in Canada's Groupe Ocean
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.
