Instar-led consortium acquires Quebec-based Groupe Somavrac

LAW FIRMS
CASES
DEALS
Search by

7 Jan 2026

Groupe Somavrac Inc., a Québec-based infrastructure company serving strategic industries across Québec and Canada, has entered into a new partnership with a consortium led by Instar Asset Management Inc., alongside Investissement Québec and the Fonds de solidarité FTQ, to support the company’s next phase of growth and stewardship. Under the transaction, Instar is acquiring the entirety of the Somavrac group, including all 12 subsidiaries, while maintaining the head office in Trois-Rivières and preserving approximately 500 jobs in Québec and Ontario. Financial terms of the transaction were not disclosed.

Somavrac, founded by the Paquin family and operating from 17 specialized sites, plays a critical role in supply chains along the St. Lawrence Seaway, serving sectors such as mining, agriculture, pulp and paper, aluminum, cement, chemicals and water treatment.

President and CEO Marc Paquin will remain in his role for a transition period to work with Instar and identify his successor.

The partnership is positioned as aligning with Québec’s economic priorities, with explicit support from the Government of Québec through the Fonds de développement économique du Québec.

TD Securities Inc. acted as exclusive financial advisor to the Instar-led consortium, with McCarthy Tétrault LLP as legal advisor, while PwC Corporate Finance Inc. advised Somavrac and Miller Thomson LLP served as its legal advisor.