Fonds de solidarité FTQ

Fonds de solidarité FTQ is a private equity and venture capital firm based in Montreal, Canada, with additional offices in Quebec. Established in 1983, the firm specializes in investing in small and medium-sized businesses across various sectors, including natural resources, aerospace, agri-food, life sciences, and culture. It primarily focuses on projects that require funding of $3 million or more and provides loans up to $2 million. The firm actively seeks investment opportunities in Quebec, particularly in regions such as Abitibi-Témiscamingue and Montérégie. Fonds de solidarité FTQ invests in a range of activities, including business succession, financial restructuring, and market development, while avoiding sectors like retail, real estate, and biotechnology. It typically engages in equity financing and unsecured debt with investment horizons ranging from five to ten years. The firm aims to support projects that positively impact the Quebec economy and often takes either minority or majority stakes in its portfolio companies.

Janie Béïque

President and CEO

Alain Denis

Senior Vice President, Innovation

Patrice Jolivet

Vice President, Investments - Agri-Food and Health

Martin Latreille

Investment Director of IT and Telecom

Dany Sarazin-Sullivan

Investment Manager

Past deals in Industrial Machinery

Namakor Holdings

Venture Round in 2025
Namakor Holdings, established in 2014 and based in Tampa, Florida, specializes in acquiring mid-market companies within the industrial manufacturing sector across North America. The company leverages its extensive operational experience to integrate effective management teams that enhance profitability through operational efficiency and organic revenue growth, as well as through strategic acquisitions. Namakor Holdings is dedicated to fostering long-term commitments that ensure sustainable business success. By providing ongoing operational support and access to a broad business network, it aims to create lasting value for small and medium-sized enterprise owners and managers looking to secure their companies' future.

UgoWork

Series C in 2024
UgoWork is a manufacturing company that specializes in the production of lithium-ion batteries and energy systems for industrial purposes. More than a lithium-ion battery, it is a tool that alleviates the pain of operating forklifts on multiple shifts per day (typically more than 2,000 hours per year) in the food, pharmaceutical, retail, manufacturing, and logistics industries. It aims for a sustainable world driven by intelligent resource management and efficiency. It is committed to reducing the carbon footprint of the supply chain.

UgoWork

Series B in 2022
UgoWork is a manufacturing company that specializes in the production of lithium-ion batteries and energy systems for industrial purposes. More than a lithium-ion battery, it is a tool that alleviates the pain of operating forklifts on multiple shifts per day (typically more than 2,000 hours per year) in the food, pharmaceutical, retail, manufacturing, and logistics industries. It aims for a sustainable world driven by intelligent resource management and efficiency. It is committed to reducing the carbon footprint of the supply chain.

MAS Chibougamau Inc

Venture Round in 2019
Founded in Chibougamau in February 1962, M.A.S. Chibougamau Inc. is a local company specializing in the wholesale and retail distribution of industrial products and services for the mining, forestry and heavy industrial sectors as well as for the automotive sector. It also offers repair and engineering services through its major business partners.

Maison Mobile R.L. inc

Venture Round in 2019
Maison Mobile is a residential mobile home manufacturer that then moved on to site modules such as offices, dormitories, kitchens, dining rooms, sanitary facilities, helicopters, and autonomous camps. Their models are the site office, dormitory, dormitory for foreign workers, kitchen/dining room, and sanitary.

FAB 3R INC

Venture Round in 2019
FAB 3R offers technical skills and manufacturing to fabricate or refurbish large, specialized equipment. They specialize in the machining, fabrication, and mechanical assembly of heavy equipment and large industrial components. They also offers non-destructive tests to make the equipment meets the specifications and the strictest standards.

Alcor

Funding Round in 2018
Alcor Inc. is a distributor and manufacturer of roofing equipment and supplies, based in Saint-Leonard, Canada. Established in 1982, the company specializes in a wide range of roofing materials, including built-up roofing, shingles, elastomeric systems, and metal roofing. Alcor also provides sheet metal supplies, ventilation and drainage equipment, and building envelope materials such as insulation and air barriers. Additionally, the company offers tools and safety equipment for roofing professionals. Catering to contractors, homeowners, self-builders, and architects, Alcor focuses on delivering comprehensive roofing solutions that meet diverse construction needs.

Inovia

Debt Financing in 2018
At Inovia we design, manufacture and implement customized equipment for your production facilities, adapted to your unique production process needs, equipment that meet the highest standards of quality and performance. Whether for the food processing industry or the pharmaceutical, biotechnology or industrial, we distinguish ourselves by our commitment to finding the solution that meets all your criteria and goals.

Canam Group

Debt Financing in 2016
Canam Group is a construction firm specializing in the design, fabrication, and erection of metal components for various sectors, including commercial, industrial, institutional, and multi-residential construction. The company offers a wide range of services, including structural building systems, engineering support, and project management. Canam Group is particularly known for its production of steel joists, decks, and structural steel parts, as well as its involvement in large steel bridge construction. Additionally, the firm provides comprehensive solutions that encompass design, site installation, and supervision, enabling clients to optimize both manufacturing processes and the construction of buildings.

Réfrigération Air C

Venture Round in 2015
Réfrigération Air C, established in 1997 and located in Rimouski, Canada, focuses on the design and installation of systems for commercial refrigeration, air conditioning, ventilation, heating, and geothermal energy. The company offers expertise in creating efficient climate control solutions tailored to meet the needs of various commercial enterprises. With a commitment to quality and innovation, Réfrigération Air C has built a reputation in the industry for its reliable services and advanced system designs.

Premier Tech

Venture Round in 2013
Premier Tech, based in Rivière-du-Loup, Canada, is a manufacturer specializing in horticulture and agriculture, as well as industrial and environmental products. The company offers a diverse range of products, including peat-based growing media, soil amendments, fertilizers, seeds, and pest control solutions. In addition to these agricultural offerings, Premier Tech provides packaging solutions, material handling equipment, and water-treatment systems. Committed to sustainability, the company focuses on developing local solutions that protect the environment while continuously innovating to improve operational excellence and deliver value to its customers.

Ovivo

Post in 2009
Ovivo is a leading provider of water treatment solutions, specializing in the treatment of water, wastewater, and ultra-pure water. The company serves various sectors, including oil and gas, municipal, petrochemical, and power industries. Ovivo offers a range of conventional and advanced technologies for drinking water clarification and wastewater management. Its focus on delivering cost-effective, energy-efficient, and environmentally sustainable services distinguishes it in the market, as it provides comprehensive systems and equipment designed to meet the diverse needs of its clients.

Ani-Mat

Debt Financing in 2005
Ani-Mat Inc. specializes in the design and manufacturing of rubber flooring tailored for the dairy and horse industries. Established in 1983 and based in Sherbrooke, Canada, the company produces a range of products, including interlock flooring systems, Animattress rubber flooring systems, AnimatEVO rubber mats for stalls, and EVA reversible mats for milking parlour employees. Ani-Mat's offerings are designed for comfort and durability, utilizing only recycled rubber materials. Their products serve various functions, such as anti-fatigue mats and floor protection, in commercial and industrial settings. The company has a global presence with dealers across multiple countries, including the United States, Canada, and several nations in Europe, Asia, and Australia.

Proxima Systems

Series C in 2002
Proxima Systems is a leading manufacturer of innovative solutions, for monitoring and remote management of machinery, facilities and buildings, which facilitate achieving maximum efficiency and profitability, through automatic continuous measurement of all factors on which the result depends.

Proxima Systems

Series B in 2001
Proxima Systems is a leading manufacturer of innovative solutions, for monitoring and remote management of machinery, facilities and buildings, which facilitate achieving maximum efficiency and profitability, through automatic continuous measurement of all factors on which the result depends.

AMH Canada

Debt Financing in 1996
AMH Canada Ltd. is a manufacturer and exporter of microprocessor-controlled welding equipment, pipe bending and end forming equipment, and short wave infrared curing systems, primarily serving the automotive and industrial markets. The company offers a range of products, including portable pipe expanders, resistance spot welding machines, infrared curing lamps, and specialized tooling. Its welding equipment is marketed under the UltraMig, CompuSpot, and Ultracut brands, while the paint curing systems are branded as Spectratek Infrared and UV LED. Founded in 1978 and headquartered in Rimouski, Canada, AMH Canada distributes its products through automotive and welding equipment distributors across various regions, including Europe, Japan, Australia, and the Americas.
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