Headquartered in Rouyn-Noranda, Quebec, Groupe Moreau ("Moreau") is a successful and well-regarded electrical and mechanical contractor serving the mining and energy industries. Moreau has extensive experience in remote Northern projects, and has developed specialized expertise in the construction of mining structures in northern Quebec and Ontario, Africa and, more recently, for energy projects in northern Alberta.
Wynnchurch Capital has partnered with the Caisse de dépôt et placement du Québec and the Moreau family to provide capital base to capitalize on growth opportunities in Moreau’s served markets.
Moreau represented an attractive opportunity to invest in a leading electrical and mechanical services contractor to the mining and energy sectors of Canada due to Moreau’s (i) leading regional market position; (ii) customer relationships with the most prominent mining and energy companies going back 20+ years; (iii) location near some of the world's largest mineral deposits; and (iv) strong backlog driven by the Le Plan Nord, which is a commitment by the Quebec government to spend $80 billion over the next 25 years to build infrastructure in Northern Quebec.
Wynnchurch will work with Moreau management to capitalize on new business opportunities by leveraging the Company’s quality service, extensive equipment base and strong management team.