Desjardins Capital

Desjardins Capital is the private equity and venture capital arm of Mouvement des caisses Desjardins, based in Quebec, Canada. It provides growth capital, mezzanine, and select debt financing to early-stage through mature companies across industrial, manufacturing, technology, and service sectors, with emphasis on health care, life sciences, and biotechnology. The firm also supports cooperatives, including worker-owned and housing cooperatives, and network cooperatives, financing development, acquisitions, expansions, and succession plans. It primarily invests in Quebec and surrounding regions, and can finance growth, acquisitions, management buyouts, and modernization. Investments may be equity or debt, including unsecured loans, with instruments ranging from senior debt to equity, and tenures typically five to eight years for equity and three to five years for debt. The firm often takes minority stakes with board participation. It does not invest in natural resource exploration or financial services. Desjardins Capital traces its roots to 1974 and operates within the Desjardins Group.

Daniel Archambault

Investment Manager

Nathalie Bernard

COO

Eric Bolduc

Investment Director

Jean-Yves Bourgeois

Managing Director and Group Head, Capital Markets

Jean-Philippe Bujold

Investment Manager

Past deals in Manufacturing

Laserax

Series C in 2024
Laserax designs and manufactures industrial laser systems for marking, cutting, welding, cleaning, and texturing across automotive, primary metals, and other manufacturing markets. It offers turnkey machines and OEM systems with high-speed marking in large workfields, safe operation, fume extraction, and performance optimization, plus laser process development and on-site support services. The company also provides custom laser solutions tailored to applications such as laser marking and traceability, materials-specific marking, and label-type marking. Its products serve aluminum, steel, die casting, extrusion, and general manufacturing industries. Founded in 2010 and based in Québec, Canada, Laserax supports customers with on-site support and safety assurances.

Laserax

Debt Financing in 2024
Laserax designs and manufactures industrial laser systems for marking, cutting, welding, cleaning, and texturing across automotive, primary metals, and other manufacturing markets. It offers turnkey machines and OEM systems with high-speed marking in large workfields, safe operation, fume extraction, and performance optimization, plus laser process development and on-site support services. The company also provides custom laser solutions tailored to applications such as laser marking and traceability, materials-specific marking, and label-type marking. Its products serve aluminum, steel, die casting, extrusion, and general manufacturing industries. Founded in 2010 and based in Québec, Canada, Laserax supports customers with on-site support and safety assurances.

EnWave

Post in 2024
EnWave is an industrial technology company that designs, licenses, and sells vacuum-microwave dehydration machinery for the food, cannabis, and biomaterial sectors. It develops and markets REV platforms such as nutraREV, quantaREV, powderREV, and freezeREV to dehydrate a wide range of products, including fruits, vegetables, dairy, ready-to-eat meals, cannabis products, nutraceuticals, pharmaceuticals, and biomaterials. The company licenses its intellectual property through royalty-bearing agreements and conducts sales through direct relationships, brokers, distributors, and online channels. EnWave is headquartered in Delta, Canada.

LSL Pharma Group

Post in 2024
LSL Pharma Group is a manufacturing company that innovates and manufactures life sciences products. Formed to integrate the operations of its Canadian subsidiaries, each boasting over two decades of expertise, LSL Pharma Group excels as a niche manufacturer in the life science industry. The company offers turnkey formulation, development and manufacturing services.

UgoWork

Debt Financing in 2024
UgoWork specializes in manufacturing lithium-ion batteries and energy systems for industrial use. Its products aim to enhance the efficiency of forklifts across various industries, including food, pharmaceuticals, retail, manufacturing, and logistics. UgoWork's mission is to promote sustainability by reducing operational costs and carbon footprint through intelligent resource management.

Manac

Post in 2024
Manac is a manufacturer and designer of aluminum semi-trailers, catering to various sectors including transportation, construction, energy, mining, forestry, and agriculture. The company offers a diverse range of products, including vans, flatbeds, and specialized trailers such as dumps, low beds, grain hoppers, chassis, and trailers for chips and logging. With a focus on the heavy trailer industry, Manac positions itself as a key player in providing durable and efficient solutions for road transport and related applications.

Relocalize

Seed Round in 2023
Relocalize decarbonizes and hyperlocalizes food manufacturing by operating autonomous micro-factories near distribution centers. This reduces greenhouse gas emissions, operating costs, and supply chain risks by eliminating unnecessary trucking of products like packaged ice.

Rcm Modulaire

Private Equity Round in 2023
Rcm Modulaire is engaged in the designs and manufactures quality modular buildings.

UgoWork

Series B in 2022
UgoWork specializes in manufacturing lithium-ion batteries and energy systems for industrial use. Its products aim to enhance the efficiency of forklifts across various industries, including food, pharmaceuticals, retail, manufacturing, and logistics. UgoWork's mission is to promote sustainability by reducing operational costs and carbon footprint through intelligent resource management.

Groupe Canva

Venture Round in 2022
Canva Group is a dynamic holding company in the identification and visual communications field with 9 complementary companies acquired over the last 15 years. Operating with 3 different autonomous business units under the names of Idenco Canada (Boucherville), Decalcomanie Artistic (Montreal) and Mirazed in (St-Hubert), the 200-employee company serves more than 4,000 customers with its complementary serigraphy and digital printing services. Their goal is to create the best customer experience.

Gecko Alliance

Private Equity Round in 2022
Gecko Alliance is a prominent manufacturer in the spa and hot tub industry, specializing in the design, production, and marketing of electronic control systems, pumps, and various accessories. The company is recognized globally for its expertise in creating innovative solutions for spa manufacturers, distributors, dealers, and technicians. Gecko Alliance provides a range of products, including control systems and keypads, aimed at enhancing product interaction and user experience in spa environments. By focusing on quality and functionality, the company supports its clients with essential tools for efficient spa operation and management.

A3 Surfaces

Seed Round in 2022
A3 Surfaces develops antimicrobial surface technology that embeds antimicrobial agents directly into the anodized layer of aluminum products, producing surfaces that eradicate bacteria on contact and help prevent the transmission of pathogens, including hospital-acquired infections, on frequently touched commercial, industrial, and institutional surfaces. The technology enables durable antibacterial aluminum products for a range of applications. The company was founded in 2015 and is based in Chicoutimi, Quebec.

Axya

Seed Round in 2022
Axya is a startup that offers an online platform designed to connect small and medium-sized shop owners with suppliers in the manufacturing sector. The company provides a user-friendly marketplace that standardizes and centralizes the subcontracting process, addressing the complexities faced by buyers and suppliers. Through its innovative platform, Axya enables users to make informed decisions by providing valuable insights, streamlining the outsourcing process in the manufacturing industry.

Axya

Seed Round in 2021
Axya is a startup that offers an online platform designed to connect small and medium-sized shop owners with suppliers in the manufacturing sector. The company provides a user-friendly marketplace that standardizes and centralizes the subcontracting process, addressing the complexities faced by buyers and suppliers. Through its innovative platform, Axya enables users to make informed decisions by providing valuable insights, streamlining the outsourcing process in the manufacturing industry.

Versaprofiles Products

Venture Round in 2020
Versaprofiles Products manufactures a variety of PVC and polyethylene pipes and tubing for the liquids, solids and gas transportation markets, geothermal and maple products industries, as well as specialized engineered custom shapes for a wide range of customers. With over 50 years of experience in thermoplastic extrusion, the company is currently the largest supplier of geothermal loops in Canada and for the natural gas distribution sector. During peak periods, the company has a headcount of close to 140 at its two sites in Saint-Lazare-de-Bellechasse and Sainte-Claire.

Ag Growth International

Post in 2020
Ag Growth International is a manufacturer of portable and stationary grain handling, storage, and conditioning equipment, serving Canada, the United States, and global markets. The company offers portable handling gear such as augers and belt conveyors, grain vacs, and related accessories, alongside permanent equipment including bucket elevators, conveyors, spouts, and related systems. It provides storage and conditioning solutions, including grain bins, dryers, aeration equipment, and related components, and manufactures buildings, towers, and related structures for storage facilities. The firm operates manufacturing facilities in multiple countries and distributes its products worldwide under brands such as Batco, Wheatheart, Westfield, Storm, Rem, Hi Roller, Union Iron, HSI, Tramco, PTM, Vis, and NuVision. AGI serves two segments, farm and commercial, and is headquartered in Winnipeg, with a presence in Canada, the United States, the United Kingdom, Brazil, India, France, and Italy.

FjordAl Aluminium

Venture Round in 2020
FjordAl Aluminium Inc. is a manufacturer based in Saguenay, Canada, specializing in the production of high-quality aluminum redraw rods. Founded in 2017, the company serves various sectors, including mechanical, welding, and electrical applications, primarily within the metallurgical industry. FjordAl produces aluminum rods with high silicon or magnesium content, which are particularly sought after for sheathing commercial and industrial electrical cables. By mastering continuous casting and hot rolling processes, the company provides both standard and specialized products to meet the specific needs of its clients in the metallurgy sector. With a dedicated workforce of around 20 employees, FjordAl Aluminium is committed to delivering premium products that enhance the performance and reliability of aluminum applications.

Groupe Canva

Venture Round in 2019
Canva Group is a dynamic holding company in the identification and visual communications field with 9 complementary companies acquired over the last 15 years. Operating with 3 different autonomous business units under the names of Idenco Canada (Boucherville), Decalcomanie Artistic (Montreal) and Mirazed in (St-Hubert), the 200-employee company serves more than 4,000 customers with its complementary serigraphy and digital printing services. Their goal is to create the best customer experience.

Groupe SJM

Venture Round in 2019
Founded in 1978, SJM Group is a consortium of well-established Québec manufacturers specializing in such areas as the production of commercial equipment and heavy-duty storage systems (display shelving, industrial storage, etc.): Étalex inc. — Food industry and retail chain specialist Équipement Boni Inc. — Hardware store and drugstore specialist Produits de Fil et Métal Forma Fil inc. — manufacturer of wire mesh decking and heavy-duty storage system accessories.

Ag Growth International

Post in 2019
Ag Growth International is a manufacturer of portable and stationary grain handling, storage, and conditioning equipment, serving Canada, the United States, and global markets. The company offers portable handling gear such as augers and belt conveyors, grain vacs, and related accessories, alongside permanent equipment including bucket elevators, conveyors, spouts, and related systems. It provides storage and conditioning solutions, including grain bins, dryers, aeration equipment, and related components, and manufactures buildings, towers, and related structures for storage facilities. The firm operates manufacturing facilities in multiple countries and distributes its products worldwide under brands such as Batco, Wheatheart, Westfield, Storm, Rem, Hi Roller, Union Iron, HSI, Tramco, PTM, Vis, and NuVision. AGI serves two segments, farm and commercial, and is headquartered in Winnipeg, with a presence in Canada, the United States, the United Kingdom, Brazil, India, France, and Italy.

Horisol, coopérative de travailleurs

Grant in 2019
A unique player in the lumber industry, Horisol is an adapted company specialised in wood planing, primarily for the production of fence boards according to their clients’ specifications. Founded on the cooperative business model in 1987 in St-Jean-Port-Joli, Horisol is proud to offer quality products and services while maintaining its social vocation and following sustainable development principles.

Poitras

Private Equity Round in 2019
Poitras is a manufacturer of automotive power transmission components. Poitras serves a diverse range of international customers with drivetrain components. Poitras provides precise microstructures with superior machinability, which results in longer tool life. Poitras' expertise, as well as product quality and dependability, are supported by cutting-edge technologies, a commitment to continuous improvement, and ongoing investments in human capital.

Fruit d'Or

Venture Round in 2019
Fruit d’Or Inc. is a leading Canadian producer and processor of organic cranberries and wild blueberries, established in 1999. The company operates four facilities, primarily located in Villeroy and Plessisville, and employs over 250 individuals. Fruit d’Or specializes in a diverse range of products, including fresh, dried, and frozen fruits, as well as fruit juices and concentrates. The company's offerings cater to various markets, including food, nutraceuticals, cosmetics, and retail. By focusing on organic and conventional ingredients, Fruit d’Or is committed to delivering high-quality products while promoting environmental and social responsibility.

Osblock

Venture Round in 2019
Osblock Inc., founded in 2016 and based in Sainte-Monique, specializes in the manufacturing of ready-to-install insulated structural walls aimed at simplifying the home building process. With a team of approximately 15 employees, the company focuses on providing modular and structural blocks that enhance construction efficiency, durability, and energy efficiency. Its innovative approach not only streamlines installation but also supports environmentally friendly building practices, aligning with LEED standards for sustainable construction. By redefining traditional construction techniques, Osblock Inc. offers a practical solution for modern building needs.

Propulsa Innovations

Venture Round in 2019
Founded in 2016 in Chicoutimi, Propulsa Innovations Inc. specializes in developing a self-cleaning air filtration system called Epura, aimed at controlling air pressure in operator cabins and combustion engines. This innovative, patented system is designed to provide fresh and healthy air while improving the performance of existing filtration technologies. By eliminating the need for regular filter replacements, Propulsa Innovations serves a diverse range of industries including mining, port facilities, foundry and casting, as well as home hemodialysis and demolition, ensuring clean and controlled air for both operators and machinery.

Nature ALU

Venture Round in 2019
Nature ALU, founded in 2016 and based in Chicoutimi, specializes in the production of high-quality purified aluminum. With a workforce of approximately 20 employees, the company focuses on environmentally sustainable practices and prioritizes health and safety in its operations. Nature ALU's products serve a diverse range of applications, including the manufacture of capacitors, aluminum powder, sapphire components, energy storage equipment, and specialty alloys, catering primarily to the chemical, aerospace, and defense industries.

Inno-3B

Seed Round in 2018
Inno-3B Inc. is a Canadian company specializing in the development of artificial intelligence software and automated vertical farming systems designed to address environmental challenges in agriculture. Founded in 2014 and based in Saint-Pacôme, the company offers a range of innovative products, including the Yield Factory, which features environmental control chambers for the production of plants and insects. Inno-3B's scalable and remotely monitored growing systems provide turnkey solutions for various sectors, including food, pharmaceuticals, and research, allowing users to grow organic produce, berries, and herbs locally in a cost-effective and sustainable manner. The company combines advanced technology with expertise in engineering and agronomy to support growers throughout the cultivation process.

Laserax

Venture Round in 2018
Laserax designs and manufactures industrial laser systems for marking, cutting, welding, cleaning, and texturing across automotive, primary metals, and other manufacturing markets. It offers turnkey machines and OEM systems with high-speed marking in large workfields, safe operation, fume extraction, and performance optimization, plus laser process development and on-site support services. The company also provides custom laser solutions tailored to applications such as laser marking and traceability, materials-specific marking, and label-type marking. Its products serve aluminum, steel, die casting, extrusion, and general manufacturing industries. Founded in 2010 and based in Québec, Canada, Laserax supports customers with on-site support and safety assurances.

Les Industries Amisco ltée

Venture Round in 2018
Les Industries Amisco ltée is a family-owned business established in 1954, specializing in the design, manufacture, and marketing of modern home furniture. Operating from two plants in Québec, the company produces a variety of residential furniture, including beds, chairs, stools, tables, benches, and desks, all crafted from steel, wood, and upholstery. Amisco distinguishes itself in the market with its stylish designs that cater to consumer preferences, emphasizing durability and an extensive customization program for finishes and coatings. The company's products are available at over a thousand retail locations across Canada and the United States, ensuring a broad reach within the furniture market.

Savaria Corp

Post in 2018
Savaria Corporation (savaria.com) is one of North America’s leaders in the accessibility industry. It provides accessibility solutions for the elderly and physically challenged to increase their mobility and independence. The diversity of its product line is one of the most comprehensive on the market. Savaria designs, manufactures, distributes and installs accessibility equipment, such as stairlifts for straight and curved stairs, vertical and inclined wheelchair lifts, as well as elevators for home and commercial use. In addition, it converts and adapts vehicles to be wheelchair accessible. It also operates a network of franchisees and corporate stores through which new and recycled accessibility equipment is sold and, in certain locations, vehicle conversions are performed. Savaria operates a plant located in Huizhou (China) which increases its competitive edge. Savaria records close to 60% of its revenue outside Canada, primarily in the United States. It operates a sales network of some 400 retailers and affiliates in North America and employs some 500 people.

Les Conteneurs Verts

Venture Round in 2018
Les Conteneurs Verts inc is a manufacturer and carrier specializing in plastic materials. The company operates a sorting center dedicated to processing construction materials for biomass production. By converting solid plastic waste into usable products, Les Conteneurs Verts enables clients to fulfill their material requirements in a sustainable and cost-effective way. Through its innovative approach, the company contributes to environmental sustainability while addressing the growing demand for recycled materials in various industries.

Longpré BP

Venture Round in 2017
Les Entreprises Longpré manufactures and sells precast concrete toppings on wooden structures for the housing and multi-unit condo construction industry. Longpré BP was founded in Sherbrooke in 2017.

E2metrix

Venture Round in 2017
E2metrix Inc. is a Canadian technology company focused on the design, development, manufacture, and commercialization of innovative wastewater and recirculated water treatment systems. Founded in 2010 and based in Sherbrooke, Québec, the company utilizes its proprietary electrolysis technology platform, ECOTHOR, to tackle wastewater challenges across various industries, including municipal water treatment, food processing, dairy processing, mining, and more. E2metrix specializes in providing solutions for phosphorus removal, ammonia reduction, and the recovery of resources, enabling clients to effectively manage and treat a broad range of contaminants in their wastewater.

o3d

Venture Round in 2017
O3D specializes in the design and manufacture of high-precision orthopedic devices tailored to individual patient morphology. Utilizing advanced digital capture technology, including specialized scanning equipment, the company streamlines the process of creating and ordering custom 3D-printed orthoses. O3D's approach enhances the efficiency of clinical consultations, enabling accurate measurements and fitting of orthotic models, while adhering to the highest quality standards in the industry.

Davinci Compass

Venture Round in 2017
DaVinci Compass is a Canadian holding company aiming to create a group of manufacturers of commercial foodservice and food processing equipment that build 100% of their products in America. To this day, DaVinci Compass has acquired 3 companies: Sipromac, a Canada-based manufacturer of packaging and food processing equipment based, Picard Ovens, a manufacturer of bakery and pizza ovens also based in Canada, and Lambertson Inc., a leading manufacturer of stainless steel commercial kitchen equipment, based in Nevada, USA.

Khrome Produit - Transport (KPT)

Seed Round in 2016
Founded in 2013, KHROME is a systems integrator and manufacturer of components for the transit industry. KHROME has a team of around twenty employees with in-depth expertise in the transport sector. For 15 years, they have participated in major development and manufacturing projects for leaders in the transit industry in North America. Its factory is located in Drummondville.

Reftech International

Seed Round in 2016
Founded in 2013, Reftech International specializes in refractory materials engineering, sales, and installation services. Serving industries such as mining, smelting, petrochemical, steel, cement, aluminum, and others across North and South America.

Aliments Prémont

Venture Round in 2015
Aliments Prémont, founded in 2012, is a specialized agri-food company focused on pork processing and distribution. Based in Ste-Angèle de Prémont, the company employs approximately 100 workers and exports its value-added products internationally, with Canada as its primary market.

Korok Group

Seed Round in 2015
KOROK: manufacturers of Commercial Food Service and Food Packaging Equipment. Korok is a Canadian company regrouping manufacturers of commercial food service and food packaging equipment. Our companies are experts in manufacturing pizza ovens, vacuum packaging equipment and bakery ovens.

OXO Fab

Venture Round in 2015
Oxo Valves is a manufacturer of industrial valves. They are designed to be highly resistant to abrasives, corrosion slurries, powders, granular substances, and more. They offer aluminum-mold frames that combine ingenuity and angled profiles with durability and mechanical strength criteria that meet or exceed the most demanding industry standards.

Atlas Aeronautik

Seed Round in 2013
ATLAS Aeronautik specializes in the manufacturing of metal components for the aviation industry, focusing on hard metal parts used in mechanical systems and aircraft engines. The company integrates engineering, manufacturing, assembly, and supply chain management to deliver innovative and technologically advanced solutions. By fostering strong business relationships with its clients, ATLAS Aeronautik aims to provide high-precision parts that cater to both civil and military aviation needs, particularly in the aeronautical sector.

G. & S. Fer-Aluminium

Venture Round in 2013
Founded in Montréal in 1962 and employing a staff of around 20, G. & S. Fer Aluminium designs, manufactures and installs stairways, handrails, balconies, security grilles, awnings, guardrails, iron and aluminum fencing, and fibreglass and aluminum flooring.

A. & D. Prévost

Acquisition in 2011
They manufacture a wide selection of high-quality aluminum building materials for upscale institutional, commercial and residential markets. They are known for leading-edge designs and possess unique anodic oxidation treatment expertise. They have been working in partnership with architects, glaziers and general contractors since 1959, developing curtain wall systems, doors, windows, skylights and other durable products in innovative designs.

Creaform

Private Equity Round in 2009
Creaform Inc. is a 3D technology and digital solutions company based in Lévis, Canada, specializing in the development and distribution of handheld and self-positioned 3D laser scanners. Founded in 2002, the company provides portable 3D measurement technologies and engineering services, catering to a variety of industries such as automotive, aerospace, healthcare, and manufacturing. Creaform's innovative solutions encompass 3D scanning, reverse engineering, inspection, design, and digital manufacturing, facilitating the creation of accurate 3D models and measurements across diverse applications. The company operates globally, with subsidiaries in multiple countries, including the United States, France, Germany, China, Japan, and India. Creaform is a subsidiary of Ametek Inc.

Meriton

Series C in 2005
Founded in 2019, Meriton is a Dallas-based manufacturer of mechanical engineering devices used in the construction of office buildings, houses, and other commercial structures. It provides capital and operational support to its portfolio companies, enabling them to transition ownership and accelerate long-term growth. Meriton invests heavily in software, IT, finance, marketing, leadership development, and HR to increase efficiency and drive growth across its portfolio.

Meriton

Series B in 2004
Founded in 2019, Meriton is a Dallas-based manufacturer of mechanical engineering devices used in the construction of office buildings, houses, and other commercial structures. It provides capital and operational support to its portfolio companies, enabling them to transition ownership and accelerate long-term growth. Meriton invests heavily in software, IT, finance, marketing, leadership development, and HR to increase efficiency and drive growth across its portfolio.

Valtech Fabrication

Venture Round in 2003
Valtech Fabrication was founded and incorporated in June 2000 to serve the local industrial market for fabrication of pipe spools, pressure vessels, stacks, API tanks and other general types of fabrication.In 2004, Valtech Fabrication started fabricating FCC cyclones, plenum chambers, dip legs and valves for Buell – Division of Fisher Klosterman, Lebanon, PA. Valtech Fabrication inc manufactures industrial equipment for fluid catalytic cracking units (FCCUs) in world-renowned oil refineries.
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