June 20, 2017 – Last month, Brossard, Que.-based distributor Electrimat received a Silver Medal in the Entrepreneurial category at the 11th edition of the Business Transfer Awards, which took place at the Caisse de dépôt et placement du Québec. Congratulations!
“We knew that we had to create a new corporate culture that employees, manufacturers and clients needed to buy into. That’s why the success of the business transfer rested on a mutual feeling of confidence,” says Christian Grenier, president.
Founded in 1980, Electrimat was acquired in 2011 by Grenier and Mathieu Legris and, according to PwC, has since grown rapidly. Electrimat is a player in the wholesale and retail of electrical equipment, heating and lighting, serving the industrial, commercial, institutional, residential and utility sectors.
“Ever since the transfer, Electrimat has seen remarkable growth with revenues that have almost tripled,” says vice-president Mathieu Legris. “Our strength resides in the fact that we offer the flexibility that master electricians are looking for while giving them access to the largest buying group in North America.”
Established by PwC in collaboration with several partners, the Business Transfer Awards celebrate the achievements of Quebec businesses that have successfully gone through the succession process, thereby ensuring their long-term sustainability. This year, the awards featured two different succession categories: Family Transfers and Entrepreneurial Transfers.
“Being awarded this prize just confirms that we did what we had to do to ensure a successful future for our company. We are grateful to all the people who put their trust in us,” say the owners.
PHOTO: Christian Grenier (second from left) and Mathieu Legris (second from right), courtesy Electrimat.