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.
Vice President, Investments - Agri-Food and Health
Martin Latreille
Investment Director of IT and Telecom
Dany Sarazin-Sullivan
Investment Manager
Past deals in Manufacturing
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.
InnovMetric Software
Venture Round in 2024
InnovMetric Software Inc., founded in 1994 in Quebec City, Canada, is a prominent provider of 3D metrology software solutions, primarily known for its flagship product, PolyWorks. The company focuses on serving the manufacturing sector by developing software that integrates high-density point cloud digitizers and tactile probing devices, enabling precise assembly and minimizing rejected parts while reducing time-to-market for products. InnovMetric collaborates with various business partners to offer a wide array of technical services, ensuring customized PolyWorks solutions are deployed effectively throughout the manufacturing process, from product engineering to production. With approximately 125 employees, including 30 application specialists, InnovMetric also maintains a global network of support partners across multiple countries, enhancing its service offerings and expertise in the field.
Pultrall
Venture Round in 2024
Pultrall is a manufacturer specializing in composite material parts, primarily serving the transportation, electrical, construction, and industrial sectors. The company employs a pultrusion manufacturing process, which allows for the efficient production of corrosion-resistant composite reinforcements for concrete infrastructure. Pultrall is committed to providing high-quality products at competitive prices, alongside offering services such as prototyping, shaping, assembly, and engineering. Their focus on adaptive manufacturing ensures that they meet the diverse needs of their customers while maintaining a strong connection to the community.
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.
WorkJam
Series D in 2022
WorkJam, Inc. is a technology company that develops an employee engagement platform designed to enhance the relationship between employers and their front-line workforce. Founded in 2014 and headquartered in Montreal, Canada, with additional locations in Cincinnati, Ohio, and Melbourne, Australia, WorkJam offers a web and mobile app that can operate independently or be integrated with existing workforce management systems. The platform features tools for shift and task management, communication, training, and recognition, enabling shift-based, hourly, and non-desk workers to effectively manage their work life. By promoting agile scheduling and transformative communication, WorkJam empowers organizations in various sectors, including retail, healthcare, and manufacturing, to improve operational efficiency, labor cost management, and customer experience through a more engaged workforce. The company also has a strategic partnership with Digital Goodie to further enhance its offerings.
GCM Consultants
Private Equity Round in 2022
GCM Consultants has delivered, for over 25 years, high-performance engineering services through inspired resources who hail from industry. We execute capital projects between $0 and 200 M – studies, preliminary and detailed engineering, project and construction management. We offer technical services to our clients in the following industrial sectors: • Oil and gas production • Refining • Petrochemical • Mining and metallurgy • Pharma, Biotech and Food • Building and Data Center
Groupe Crete inc
Venture Round in 2021
The Crête Group's activities are the results of a family-run company founded by Gérard Crête in 1949 and developed thereafter by his son Martin and his grandson Sébastien. For the past sixty years, their business, human and community relations have been defined by honesty, respect and integrity. It is understood that, despite its impressive track record, the Crête family knew how to stay humble and modest in spite of their numerous success that they willingly share with all of their partners that accompanied them during those years. Going over this site, you will discover the passionate story of this family native of the Mauricie, that, during many years, knew how to get out of a tricky situation in an unstable economy and an industry constantly restructuring. A family as determined as dynamic, constantly challenging their own company politics while always seeking excellence. The Crête family is in business for long! Groupe Crete's misssion is to remain a performing and flexible company of the Québec softwood transformation industry, a renewable ressource. By manufacturing products that are adapted to the needs of our customers. The company develops innovative products that are respectful of the environment, with the objective to generate value for the community, its customers, employees and shareholders.
Préverco inc
Venture Round in 2020
Preverco is an industry leading manufacturer of high-end hardwood flooring, offering the widest variety of species, colors, widths and grades, as well as the highest-quality finishes available. Preverco also offers a quality warranty for its superior products, as well as floor maintenance products to protect customers' investments. Its reputation for excellent customer service, continuous quality and dependable delivery is impeccable in the industry.
Omnirobotic
Seed Round in 2020
Omnirobotic is a developer of autonomous industrial robots used to address manpower shortages. Founded in 2016, Omnirobotic helps manufacturers of high mix products robotize their operations. Using 3D vision and AI, Omnirobotic creates autonomous industrial robots that see, plan, and execute tasks on never-seen-before products, without manual programming. Omnirobotic's USP is to transform any industrial robots into an autonomous robot suitable for "a lot of one" manufacturing. Omnirobotic's proprietary technology allows the use of robots in the High Mix, Low Volume manufacturing segment that is bigger than the actual $48B industrial robot system market. Omnirobotic received seed funding in late 2017 and installed its first autonomous robot in 2019.
WorkJam
Series C in 2020
WorkJam, Inc. is a technology company that develops an employee engagement platform designed to enhance the relationship between employers and their front-line workforce. Founded in 2014 and headquartered in Montreal, Canada, with additional locations in Cincinnati, Ohio, and Melbourne, Australia, WorkJam offers a web and mobile app that can operate independently or be integrated with existing workforce management systems. The platform features tools for shift and task management, communication, training, and recognition, enabling shift-based, hourly, and non-desk workers to effectively manage their work life. By promoting agile scheduling and transformative communication, WorkJam empowers organizations in various sectors, including retail, healthcare, and manufacturing, to improve operational efficiency, labor cost management, and customer experience through a more engaged workforce. The company also has a strategic partnership with Digital Goodie to further enhance its offerings.
Exprolink
Venture Round in 2020
Exprolink, Inc. is a manufacturer based in Longueuil, Canada, specializing in outdoor cleaning machines. Established in 2008, the company designs and produces a range of environmentally friendly cleaning vehicles, including compact sweepers and litter vacuums, which are marketed globally under the Madvac brand. These products are tailored for various outdoor settings, such as sidewalks, bicycle paths, parks, and pedestrian lanes, serving commercial, institutional, and industrial clients. Exprolink aims to enhance the maintenance of public spaces while promoting eco-responsibility in urban environments.
Bestar
Venture Round in 2020
Bestar is designing and manufacturing ready-to-assemble (RTA) furniture.
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.
La compagnie 2 Amériks inc
Venture Round in 2019
Cie 2 Ameriks is a Canadian based manufacturer and importer of products sold under the brand name GoGo Quinoa. Founded in 2004.
Motion Composites
Venture Round in 2019
Motion Composites is an innovative light-weight carbon wheelchair company. Motion Composites has developed a family of innovative, high-performance manual wheelchairs. Deploying the world’s most advanced technology, high-end materials and cutting-edge engineering, Motion Composites revolutionizes how people think about wheelchairs.
Maison Mobile R.L.
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
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.
Produits Belt-Tech
Venture Round in 2018
Produits Belt-Tech is a producer of aviation and industrial products. They provide products that include sds high strength belt and rti seat belt. Their customers' inquiries are addressed through phone, email, and online applications.
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.
Stageline
Private Equity Round in 2018
Stageline Mobile Stage Inc. endorses principles of corporate responsibility through its strategies for sustainable development and its policies involving employees and the community. Those principles translate into products that are designed in a spirit of sustainable development, of maintaining quality jobs in the region, of helping workers evolve through training and respect, involvement in the surrounding communities, and respect for the environment.
Solmax
Venture Round in 2017
Solmax is a manufacturer of high-quality polyethylene geomembranes and related products designed for industrial and environmental applications. The company’s offerings include geomembranes, geotextiles, drainage products, and erosion control systems, which are utilized to minimize the environmental impact of various activities and protect natural resources. Solmax's products are essential in sectors such as mining, energy, waste management, water, and civil engineering, helping to safeguard soils from contamination in critical applications, including landfills in densely populated areas and tailings or heap leach pads in environmentally sensitive regions. With a presence in over 60 countries, Solmax serves major industrial companies, contributing to the decarbonization of civil and environmental infrastructure.
Groupe Meloche
Venture Round in 2017
Groupe Meloche, Inc. is a manufacturer of mechanical components and assemblies primarily serving the aerospace, military, telecommunications, transport, and medical sectors. Established in 1974 and headquartered in Salaberry-de-Valleyfield, Canada, the company specializes in producing aerostructure and aircraft engine components through a vertical integration strategy. This encompasses precision machining, surface treatment, painting, assembly, and non-destructive testing. Groupe Meloche operates five manufacturing sites—three in Salaberry-de-Valleyfield, along with locations in Bromont and Montreal—and maintains an administration and innovation center in Beauharnois. The company's product offerings include structural components made from aluminum and titanium, as well as engine components crafted from various metals, enabling clients to construct high-quality engines and aircraft structures.
Cookina
Debt Financing in 2017
Cookina is a manufacturer focused on creating reusable barbecue and cooking products that promote sustainable cooking practices. The company offers a range of items, including cuisine mats, barbecue grilling mats, barbecue mesh, bags, and food kits. These products are designed to make cooking, baking, and grilling more efficient and less strenuous while also contributing to environmental sustainability. Cookina is committed to ongoing innovation, continuously improving its offerings to ensure that they remain at the forefront of technology and customer satisfaction.
Héroux-Devtek
Post in 2017
Héroux-Devtek is a Canadian aerospace manufacturer. It engages in the design, development, manufacture, repair, and overhaul of aircraft landing gears, hydraulic flight control actuators, and fracture-critical components in Canada, the United States, the United Kingdom, and internationally. The company also manufactures and sells hydraulic systems, fluid filtration systems, electronic enclosures, heat exchangers, and cabinets for suppliers of airborne radar, electro-optic systems, and aircraft controls.
JAMP Pharma
Venture Round in 2016
JAMP Pharma is a pharmaceutical company based in Boucherville, Quebec, specializing in the provision of health solutions for patients and consumers. The company focuses on contract manufacturing services for a wide range of pharmaceutical products, including generic molecules, medicinal granules, synthetic drugs, biotech drugs, and medical apparatus. In addition to manufacturing, JAMP Pharma offers integrated commercial operations, warehousing, assurance laboratory services, vault storage for controlled substances, and cold chain maintenance services, ensuring comprehensive support for its clients and maintaining high standards of product quality and safety.
Cristal Controls
Venture Round in 2016
Cristal Controls designs all of their systems and provides the required training for their products. It manufactures electronic products for energy management, temperature control, humidity control, and automation for manufacturers, specialised distributors, and integrators. For inquiries, email, telephone numbers, and addresses are available on their website.
Les Produits Verglass
Venture Round in 2016
Verglass company specializes in the micronization of recovered glass. VerGlass thus produces products that can be used in the production of paints, varnishes, plastics and inks
Spectra Premium
Venture Round in 2016
Spectra Premium is a manufacturer and distributor of aftermarket and original equipment parts for both light and heavy vehicles. The company specializes in providing replacement parts for motor and recreational vehicles, as well as light and heavy-duty trucks. Its product offerings include cooling systems, fuel delivery components, ignition and engine management systems, and climate control solutions. By focusing on quality, Spectra Premium ensures that its products are rigorously tested for performance and durability, facilitating easy installation for clients. This commitment to quality supports sustainable mobility in the automotive industry.
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.
Pelican
Venture Round in 2015
Pelican is in the design and manufacture of kayaks, canoes, pedal boats and fishing boats.
J.L. Leclerc et fils inc
Venture Round in 2015
JL Leclerc specializes in the design, production and assembly of parts and mechanically welded components for the energy and transportation industries and their custom and serial production projects.
Atis Group
Acquisition in 2015
Atis Group operates as a manufacturer and distributor of windows and doors. The group manufactures, distributes and markets a complete range of windows, doors and high performance energy-efficient products for the construction market and for residential and commercial renovations.
Acier Québec Maritimes
Pre Seed Round in 2015
Acier Québec Maritimes distributes ferrous metals. (steel) and non-ferrous (aluminum, stainless steel, brass, etc.). The company also offers the transformation of sheet and profile products, as well as the transformation of reinforcing steel for formwork and foundation works.
ASDR Fabrication
Venture Round in 2014
Founded in 2006, ASDR quickly built itself a solid reputation in the marketplace, particularly in its ability to deliver turnkey projects. We offer our customers a unique combination of Engineering and Project Management, Water Treatment solutions, Industrial Operation and Maintenance Services and Manufacturing capabilities. This is complemented by our technologies and equipment for dredging, water treatment and sludge dewatering, as well as our manufacturing and maintenance workshops. Our solutions cover the full range of the project life cycle, from laboratory and pilot testing, to manufacturing, commissioning, operation and maintenance.
AV&R
Venture Round in 2014
AV&R offers robotic finishing machines (profiling, polishing, deburring), and automated visual inspection to manufacturers of gas turbine engine parts, for both aircraft engines and power generation, and to prosthesis manufacturers.
Groupe Lebel
Venture Round in 2014
Groupe Lebel’s mission is optimizing the transformation of wood into sustainable products all while contributing to the development of our community. Precise quality control, from the tree to the finished product. We control every stage of production (cutting plan, reforestation, sawing, drying, planing, classification, processing, packaging and delivery).
ABIPA
Funding Round in 2014
Abipa is a manufacturer in the aviation industry specializing in the production and assembly of precision aerospace components, including aircraft engine parts, landing gear parts, and structural components. The company utilizes advanced materials such as aluminum and titanium to ensure high-quality manufacturing standards.
Lumenpulse
Venture Round in 2013
Founded in 2006, Lumenpulse designs and manufactures sustainable, high-performance LED lighting solutions for commercial, institutional and urban environments.
E2metrix
Seed Round in 2012
E2metrix Inc. specializes in the design, development, and manufacturing of advanced wastewater treatment systems, utilizing its proprietary electrolysis technology platform, ECOTHOR. Founded in 2011 and headquartered in Sherbrooke, Canada, the company focuses on addressing the needs of various industries, including municipal water treatment, food processing, dairy, mining, and pulp and paper. E2metrix’s innovative solutions are designed to remove targeted contaminants such as phosphorus and ammonia, while also facilitating resource recovery. With a strong emphasis on technological advancement, E2metrix aims to provide effective and sustainable options for wastewater management across multiple sectors.
Foliot Furniture
Venture Round in 2010
Foliot Furniture is dedicated to providing quality furnishings for the hospitality and educational housing communities. With over 25 years of manufacturing experience and having delivered more than 1 million rooms in hotels, resorts, universities, and colleges throughout North America, these achievements speak volumes about Foliot’s credibility and capabilities. Foliot's experienced team of woodworking and machinery experts is composed of some the industry's most knowledgeable furniture specialists. They are committed to producing furniture using innovative technologies, and distinctive aesthetics without compromising the strength and durability needed to endure the demands of the contract environment.
Microbridge Technologies Canada
Series B in 2005
Microbridge Technologies Canada Inc. manufactures and licenses electronic calibration products and solutions for the consumer, automotive, and medical industries in Canada and internationally. It offers sensors, such as linear analog-conditioned low differential air pressure sensors, and flow sensors, including micro flow sensors; sensor conditioners with Rejustors. The company also provides Rejustor-based products, such as Rejustor, an electrically adjustable resistor that is adjusted in-circuit to calibrate and compensate analog circuits and systems; and low- temperature coefficient of resistance Rejustors. Its products are used in various applications, such as HVAC, medical CPAP, and blood pressure monitors. The company provides its products through distributors. Microbridge Technologies Canada Inc. was formerly known as Microbridge Technologies, Inc. and changed its name in 2005. The company was incorporated in 1999 and is based in Montreal, Canada with additional offices in Boston, Massachusetts; and San Jose, California.
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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