LAVAL AND VAL D'OR, March 12, 2019 – BDC Capital's Growth & Transition Capital division is expanding its presence in Abitibi Témiscamingue by providing mezzanine financing to ACE Services Mécaniques of Val-d'Or to support the significant growth the business has seen over the past five years. Founded in 2010, ACE specializes in on-site maintenance and repair of all makes of heavy equipment for all types of industries, including mining, forestry and construction. Since 2012, the young company has been on Canadian Business magazine's Growth 500 ranking of Canada's fastest-growing companies. In the most recent edition, in 2018, it was ranked 37th (seventh in Quebec), thanks to its revenue growth rate of almost 2,000% over the past five years.
BDC Capital's financing will be used to implement ACE's growth plan, which includes expanding the business into other regions of Quebec.
For BDC Capital, this transaction was spearheaded by Philippe Lapierre, Director, Growth & Transition Capital, Laval. "Thanks to its innovative business model, ACE is successfully overcoming the biggest challenges in its sector while maintaining, for several years now, an exponential rate of growth," stated Mr. Lapierre. "Its president, Pascal Rochette, has shown a great talent for successfully managing this rapid growth, which is by no means an easy task."
"Our goal is to serve our clients throughout Quebec and to spread our expertise beyond its borders," said Pascal Rochette, President, ACE Services Mécaniques.
About ACE Services Mécaniques
ACE Services Mécaniques has always made clients its central priority by doing everything possible to offer outstanding, fast and quality service, and this has quickly built up the business's success and reputation. With several garages, more than 40 mobile service units and more than 100 mechanical technicians, ACE has solid expertise in the field! At ACE, anything is possible when it comes to meeting a need or responding to a client's request.
About BDC Capital
BDC Capital is the investment arm of BDC—Canada's only bank devoted exclusively to entrepreneurs. With more than $3 billion under management, BDC Capital serves as a strategic partner to Canada's most innovative firms. It offers a full spectrum of risk capital, from seed investments to transition capital, supporting Canadian entrepreneurs who wish to scale their businesses into global champions. Visit bdc.ca/capital.
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