{"id":13529,"date":"2025-11-20T08:26:36","date_gmt":"2025-11-20T13:26:36","guid":{"rendered":"https:\/\/www.garex.com\/?p=13529"},"modified":"2025-11-20T14:17:43","modified_gmt":"2025-11-20T19:17:43","slug":"la-caisse-and-investissement-quebec-drive-the-growth-of-the-honco-group","status":"publish","type":"post","link":"https:\/\/www.garex.com\/en\/la-caisse-and-investissement-quebec-drive-the-growth-of-the-honco-group\/","title":{"rendered":"La Caisse and Investissement Qu\u00e9bec drive the growth of the Honco Group"},"content":{"rendered":"\t\t
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The Honco Group, a Qu\u00e9bec leader in steel processing, enters a new phase of growth with equity investments from La\u00a0Caisse and Investissement Qu\u00e9bec. This announcement consolidates the Qu\u00e9bec ownership of the Honco Group, while accelerating its Canadian and international expansion, in line with the vision that has guided its development for more than 50\u00a0years.<\/p>

La Caisse, which led this transaction, and Investissement Qu\u00e9bec are both acquiring a minority stake in the Honco Group. The company\u2019s management team is also joining its\u00a0shareholders.<\/p>

The move is part of an ambitious strategy to strengthen the Honco Group\u2019s position as a key player in steel processing. The company is leveraging its diverse areas of expertise, modern manufacturing facilities and market diversification to support its growth. This model is based on six specialized business units: Honco Buildings (general contractor specializing in designing, manufacturing and installing prefabricated steel buildings), Sturo M\u00e9tal (structural steelwork manufacturing and installation), Supervac (vacuuming and hydro excavation equipment design and manufacturing), Garex (garage door manufacturing), Ridge Nassau (garage door hardware manufacturing) and M\u00e9talec (commercial and industrial steel door and frame manufacturing). The Honco Group\u2019s business units employ nearly 500\u00a0professionals.<\/p>

\u201cWe are delighted to have the support of outstanding partners such as La\u00a0Caisse and Investissement Qu\u00e9bec as we embark on this new phase of growth for the Honco\u00a0Group,\u201d\u00a0said\u00a0Francis Lacasse, President and CEO of the Honco<\/em>\u00a0Group.\u00a0<\/em>\u201cThese\u00a0major investments are a significant turning point for our family business. They give us the means to achieve our ambitions as a leading player in steel processing in Canada while remaining true to our\u00a0values.\u201d<\/p><\/blockquote>

\u201cLa Caisse is proud to partner with the Honco Group and the Lacasse family to support this leading Qu\u00e9bec manufacturing company\u2019s expansion. This milestone marks an important step in our approach to value creation and will help accelerate business unit growth, both in Canada and in global\u00a0markets,\u201d\u00a0said\u00a0Kim Thomassin, Executive Vice-President and Head of Qu\u00e9bec at La\u00a0Caisse.<\/em><\/p><\/blockquote>

\u201cThe Honco Group is a key player in Qu\u00e9bec\u2019s steel industry and enjoys a leading market position. Investissement Qu\u00e9bec is investing in this company to help consolidate its footing in Qu\u00e9bec and give it the momentum it needs to step up its exports across Canada and internationally. This concrete support illustrates the strategic role that Investissement Qu\u00e9bec intends to play to stimulate the growth of companies in key sectors of our\u00a0economy,\u201d\u00a0said\u00a0Bicha Ngo, President and CEO of Investissement Qu\u00e9bec.<\/em><\/p><\/blockquote><\/div><\/div><\/div>

ABOUT THE HONCO GROUP<\/span><\/h2>

The Honco Group is comprised of Qu\u00e9bec-based companies that specialize in processing steel for the building industry and manufacturing construction and environmental products. It owns and operates several manufacturing facilities serving over 600\u00a0clients from the private, public, and institutional sectors across Canada, the United States and over 20\u00a0countries around the world. For more information, visit\u00a0groupehonco.com<\/a>\u00a0and the company\u2019s\u00a0LinkedIn<\/a>\u00a0page.<\/p>

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ABOUT LA CAISSE<\/span><\/h2>

At La Caisse, formerly CDPQ, we have invested for 60\u00a0years with a dual mandate: generate optimal long term returns for our 48\u00a0depositors, who represent over 6\u00a0million Quebecers, and contribute to Qu\u00e9bec\u2019s economic development.<\/p>

As a global investment group, we are active in the major financial markets, private equity, infrastructure, real estate and private credit. As at June\u00a030,\u00a02025, La\u00a0Caisse\u2019s net assets totalled CAD\u00a0496\u00a0billion. For more information, visit\u00a0lacaisse.com<\/a>\u00a0or consult our\u00a0LinkedIn<\/a>\u00a0or\u00a0Instagram<\/a>\u00a0pages.<\/p>

La Caisse is a registered trademark of Caisse de d\u00e9p\u00f4t et placement du Qu\u00e9bec that is protected in Canada and other jurisdictions and licensed for use by its\u00a0subsidiaries.<\/em><\/p>

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ABOUT INVESTISSEMENT QU\u00c9BEC<\/span><\/h2>

Investissement Qu\u00e9bec\u2019s mission is to play an active role in Qu\u00e9bec\u2019s economic development. The Corporation\u2019s services are designed to spur productivity, innovation, market development and the competitiveness of Qu\u00e9bec businesses. To that end, Investissement Qu\u00e9bec supports them at every stage of their growth with financing, as well as assistance with business consulting, technological transformation, and workforce strategies. In addition, through Investissement Qu\u00e9bec International, the Corporation also provides concrete support for businesses\u2019 export activities and conducts prospecting activities to attract foreign investment to\u00a0Qu\u00e9bec.\u00a0<\/p>

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To access all the details related to this major announcement, visit the official Caisse de d\u00e9p\u00f4t website<\/a>.<\/p><\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

La Caisse and Investissement Qu\u00e9bec drive the growth of the Honco Group. Major Investments for the Honco Group.<\/p>\n","protected":false},"author":38,"featured_media":13563,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[129],"tags":[148,146,147],"class_list":["post-13529","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-updates-and-news","tag-garex","tag-investments","tag-investissement-quebec"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.garex.com\/en\/wp-json\/wp\/v2\/posts\/13529","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.garex.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.garex.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.garex.com\/en\/wp-json\/wp\/v2\/users\/38"}],"replies":[{"embeddable":true,"href":"https:\/\/www.garex.com\/en\/wp-json\/wp\/v2\/comments?post=13529"}],"version-history":[{"count":8,"href":"https:\/\/www.garex.com\/en\/wp-json\/wp\/v2\/posts\/13529\/revisions"}],"predecessor-version":[{"id":13560,"href":"https:\/\/www.garex.com\/en\/wp-json\/wp\/v2\/posts\/13529\/revisions\/13560"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.garex.com\/en\/wp-json\/wp\/v2\/media\/13563"}],"wp:attachment":[{"href":"https:\/\/www.garex.com\/en\/wp-json\/wp\/v2\/media?parent=13529"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.garex.com\/en\/wp-json\/wp\/v2\/categories?post=13529"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.garex.com\/en\/wp-json\/wp\/v2\/tags?post=13529"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}