St-Denis Thompson, a general and specialized contractor and leader in the restoration of historic buildings, masonry and concrete, announces a major transition in its leadership and shareholding structure. A key transaction has been completed with the support of Desjardins Group and the Fonds de solidarité FTQ network, marking a new stage in the succession plan for this long-established company.

The purpose of the transaction is to support the company’s growth and strengthen its leadership by entrusting its management to the team of executives that has contributed to St-Denis Thompson’s success for so many years. Founder and President Serge Marchand and Vice-President and General Manager Jean-François Routhier have sold all their shares, while remaining with the company as Sales Director and General Manager respectively.

The Board of Directors of St-Denis Thompson welcomes Danny Montambault as a new shareholder, joining the group of majority shareholders formed by Frédéric Labadie and Ian Lapostolle. The latter executives, already shareholders and vice-presidents with the previous team, will continue to provide the company with their expertise and leadership.

They will be supported by seven minority shareholders, all long-time directors: David Cloutier, Pierre-Luc Comtois, Maxime-Olivier Decoste, Laurence Kerr, Louis-Simon Landry, Stephan Rivet, and Sophie Sirois.

“The promotion of our executives is testament to the strength and depth of our organization,” said Ian Lapostolle, new President of St-Denis Thompson. “We are fortunate to have the talent within our teams to ensure a smooth transition, while maintaining the commitment to excellence that is at the core of our DNA.”

For his part, Peter Rayes, Regional Vice-President, Fonds régionaux de solidarité FTQ – Montréal, which is investing as part of a joint venture with the Fonds head office, stated:  “To ensure a strong local economy, Québec-based SMEs must continue to be led by people with deep roots in their regions. That is why entrepreneurship is a priority for the Fonds de solidarité FTQ network. We are proud to support the next generation of entrepreneurs at St-Denis Thompson, a company with a solid plan to ensure a successful transition.”

And Guy Nadeau, Vice-Chair, Desjardins Business Centre – Montréal, noted: “Desjardins is very proud to be continuing its long-standing business relationship with St-Denis Thompson by supporting its internal succession plan, which enables ownership of the company to remain in Québec. This is a priority for Desjardins Group.” He added: “This general contractor’s expertise is widely recognized. We are convinced that the new executive team, with its extensive experience within the company, will guarantee the continuation of this leader’s mission and growth plan.”

These strategic changes reflect the new executive team’s commitment to ensuring continuity and pursuing the company’s development, while maintaining the values that have made it so successful.

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