A significant change has occurred in the Quebec business landscape as the Blais family, through their investment firm Chêne Blanc, has acquired the Normandin Group. Founded in 1969, Normandin is a respected name in the family restaurant sector, operating 44 restaurants and four hotels across the province.
Details of the Acquisition
This transition marks the sale of the majority stakes previously held by Normand Brie, the founder of the Normandin Group. He expressed gratitude, stating that passing the legacy to another Quebec family ensures continuity. Negotiations between Chêne Blanc and Normandin have been ongoing for a year.
Norbert Gagnon, the current CEO of Normandin, indicated that the selection of Chêne Blanc was purposeful. Brie prioritized finding successors who share similar business values. Several buyers had previously approached the company, but the Blais family represented the ideal match.
Management and Leadership Continuity
- Normand Brie sold all shares, but key executives retained their stakes.
- This arrangement is set to facilitate a smooth transition for the organization.
David Blais, president of Chêne Blanc, has assured that the brand’s identity will remain intact as they move forward. He emphasized the commitment to maintain what makes Normandin beloved among Quebecers, alongside ambitious future growth plans.
Future Expansion Plans
Chêne Blanc is making its first foray into the restaurant and hospitality sectors with this acquisition, further diversifying its portfolio, which already includes construction and business services. Plans are in place for expansion into western Quebec, which currently lacks Normandin locations in key urban areas like Montreal and Laval.
- Normandin operates: 44 restaurants and 4 hotels.
- The company employs approximately 2,700 individuals.
- Each year, Normandin serves around 9 million customers.
- The organization generates roughly 130 million in annual revenue.
As development strategies unfold, the prospect of new restaurant openings and further acquisitions looms on the horizon. The leadership team is focused on creating a solid foundation with the Blais family, hoping that their expertise will help propel Normandin into a new era of opportunity.
