Colabor Group Inc. Completes Strategic Asset Acquisition from Alimplus
Deal News | Jun 03, 2025 | Globenewswire
Colabor Group Inc. announced the completion of its acquisition of certain food distribution assets from Alimplus Inc., operating under the name Mayrand Plus, for a total of $49.75 million. This acquisition, originally announced on February 19, also includes the acquisition of all issued and outstanding shares of Tout-Prêt Inc., a subsidiary specializing in cut fruits and vegetables. The deal excludes the four stores of Groupe Mayrand Alimentation inc., although Colabor has secured a distribution agreement with them for six years. The acquired assets and the distribution agreement would contribute approximately $225 million in sales, based on figures ending December 2024. Simultaneously, Colabor has amended its senior secured credit facility, extending its maturity to June 2029 with a value of $91.75 million, and secured additional financing through Investissement Québec, including $15 million in new subordinated debt. Colabor, serving the HRI market and retail sector in Quebec and the Atlantic provinces, aims to realize synergies from this acquisition while managing the associated risks.
Sectors
- Food Distribution
- Financial Services
Geography
- Canada – The article pertains to the acquisition by Colabor Group, a Quebec-based company, and involves entities in the Canadian province of Quebec.
- Quebec – The acquisition and operational focus are specifically within Quebec, where both Colabor and Alimplus are based and operate extensively.
Industry
- Food Distribution – This industry relates to the distribution and wholesaling of food products, which is the core business of both Colabor Group and Alimplus, making it the primary focus of the acquisition.
- Financial Services – This industry includes credit facilities and financing agreements crucial to the transaction, involving financial institutions like Investissement Québec supporting the acquisition.
Financials
- 49.75 million USD – Revised total consideration for the acquisition of Alimplus' assets and Tout-Prêt Inc.
- 225 million USD – Estimated annual sales associated with the acquired assets and distribution agreement.
- 91.75 million USD – Total amount of the amended senior secured credit facility used to support the acquisition.
- 15 million USD – New subordinated debt financing agreement with Investissement Québec.
- 15 million USD – Extension of existing subordinated debt with Investissement Québec.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Colabor Group Inc. | Acquirer | Company | A distributor and wholesaler serving food-related markets in Quebec and the Atlantic provinces. |
| Alimplus Inc. | Seller | Company | A major private food distributor in Quebec, operating under Mayrand Plus. |
| Tout-Prêt Inc. | Acquisition Target | Company | A subsidiary of Alimplus, specializing in cut fruits and vegetables distribution in Quebec. |
| Groupe Mayrand Alimentation inc. | Distribution Partner | Company | Operator of the four stores with which Colabor has entered into a distribution agreement. |
| Investissement Québec | Financing Partner | Government | A Quebec government financial institution providing subordinate debt financing to Colabor. |