The Fonds de solidarité FTQ announced on Monday an investment in Andy Corporation, a Montreal-based company that operates primarily in the transportation, maintenance and upkeep sector.
However, the amount of this investment has not been disclosed. The acquisition of a minority stake in the company founded in 2001 will enable Andy Corporation to boost its next phase of growth in the sector of fleet management solutions and other related services.
“ We are a young organization led by a team of dynamic managers with ambitious dreams. At the heart of our organization and in our DNA, we are a team of builders. Today, we are also one of the few and one of the largest women-owned companies in all the sectors in which we operate. With the Fonds de solidarité FTQ, we have found a partner who has confidence in our potential and our vision, but who also understands our industry,” said Andreea Crisan, CEO of Andy Corporation.
“Andy Corporation is a perfect example of a company that has met many challenges over the past 20 years. […] The Fund is proud to participate in the development of a company determined to do things differently and which manages to have a concrete impact on our society,” said Dany Pelletier, Senior Vice-President, Investments. and impact investments from the Fonds de solidarité FTQ.
The company, which provides supply chain services in North America, has grown from 60 employees in 2012 to more than 400 people within four business units in 2022.
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