19 Jan 2017
Mario Morin
Vice-President, Partner | CPA, CA | Assurance

QUÉBEC CITY, January 19, 2017 – Raymond Chabot Grant Thornton announces it is combining its financial advisory services with those of Groupe Acolytes inc. (Acolytes), business sale experts. For both organizations, this alliance will consolidate their solid expertise to provide dynamic Quebec businesses with access to superior quality, efficient, confidential services that consider the human dimension.

“Acolytes’ drive, knowledge and vitality mesh on all fronts with our goal to maintain our leading position as key business advisors for visionary entrepreneurs seeking to grow or undergoing changes. We know that selling a business is a complex process requiring expertise and dexterity. We are therefore very pleased to offer our clients access to the business sale talents and contacts of Richard Cantin and Dominic Chouinard,” stated Raymond Chabot Grant Thornton Regional Vice-President, Mario Morin.

Cofounders of Acolytes, Richard Cantin, lawyer and Dominique Chouinard, CPA, CA, have been recognized for their knowledge of all steps in the transaction process for over 20 years. A business law attorney and a chartered professional accountant, respectively, Richard and Dominique have worked together on over 200 business sale transactions covering numerous sectors of the economy.

“Raymond Chabot Grant Thornton is well known for its human approach towards its clients, business partners and employees. We have no doubt that in Raymond Chabot Grant Thornton we have found a major firm that shares our values and those of our clients,” Cantin stated.

“This is a defining and exciting moment for Acolytes. By joining forces with Raymond Chabot Grant Thornton, we are gaining access to a service offering that extends beyond our traditional activities thanks to the firm’s multidisciplinary services. This is a substantial advantage for our clients who will benefit from extensive information and strategic levers in the course of our transactions,” Chouinard concluded.

About Acolytes

Acolytes has been an indispensable resource in Quebec, accompanying SME owners in their sale process for over seven years. The complimentary expertise of its professionals allows Acolytes to efficiently and confidentially take on the full process and quickly obtain a company’s full value.

Follow us on Acolytes.ca.

About Raymond Chabot Grant Thornton

Founded in 1948, Raymond Chabot Grant Thornton has become a Canadian leader in the fields of assurance, tax, consulting services, and business recovery & reorganization. Its strength is based on a team of over 2,300 professionals, including some 200 partners. Together, Raymond Chabot Grant Thornton and Grant Thornton LLP, another Canadian member firm of Grant Thornton International Ltd, help dynamic Canadian organizations unlock their potential for growth with over 4,100 professionals and some 140 offices across Canada. Grant Thornton International Ltd provides clients with the expertise of member and correspondent firms in more than 130 countries, with over 42,000 professionals.

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Information:

Carole-Anne Dugré, Regional Manager
Marketing and Communications
Raymond Chabot Grant Thornton
Email: dugre.carole-anne@rcgt.com

Source:

Francis Letendre
Senior Consultant – Public Relations
Raymond Chabot Grant Thornton
Email: letendre.francis@rcgt.com

19 Jan 2017  |  Written by :

Mr. Morin is a vice-president at RCGT. Contact him today!

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18 Jan 2017
Mario Morin
Vice-President, Partner | CPA, CA | Assurance

Raymond Chabot Grant Thornton is proud to be associated with the Ministère de l’Économie, de la Science et de l’Innovation (MESI) and its partners to promote the new co-operative buyouts support program.

The lack of entrepreneurial successors has led to the introduction of this program to support co-operative buyouts of businesses by providing financial assistance of up to $1M over four years.

Co-operative buyouts are a collective solution to the entrepreneurial succession issue. According to Éric Dufour, Regional Vice-President and National Business Succession Leader, “This is a vital program in many respects, since it will provide a means to raise entrepreneur awareness, inform them and support their business success plan, an essential tool for an efficient business transfer. Since 2003, my teams and I have noted a major paradigm shift during a business transfer to the next generation. Human considerations are now more important than financial ones and we have to adapt. Additionally, we are seeing more and more groups taking over a business in order to share the organization’s responsibilities. The co-operative buyouts program helps meet this challenge.”

As a member of the MESI’s Repreneurs collectifs working group, Raymond Chabot Grant Thornton partner, Chantal Bourgeois, participated in the discussions that led to the program’s creation. She explains that “creating co-operatives as a means to ensure the longevity of Quebec businesses provides numerous benefits, including employee engagement, a management model tailored to the new generations and participation in the social economy. This is why we believe this is a practicable option.”

The program is administered by the Centre de transfert d’entreprise du Québec. It includes a funding envelope of $1M over four years. Qualifying businesses can receive assistance of up to $15,500 to cover between 70% and 80% of eligible expenses for the following activities:

Phase 1: Feasibility study

  1. Assessing an employee group’s investment potential
  2. Evaluating the organizational culture

Phase 2: Implementation support

  1. Estimating the business’s value and its purchase price
  2. Undertaking the due diligence process
  3. Entering into a shareholder agreement or sale contract

An information tour has been organized around the province to introduce the program at the following locations and dates:

  • Capitale-Nationale, January 24, 2017
  • Centre-du-Québec, January 25, 2017
  • Estrie, January 26, 2017
  • Bas-Saint-Laurent, January 31, 2017
  • Lanaudière, February 7, 2017
  • Chaudière-Appalaches, February 9, 2017
  • Montréal, February 15, 2017
  • Montérégie, February 16, 2017
  • Laval, February 17, 2017
  • Mauricie, February 23, 2017
  • Outaouais, March 1, 2017
  • Côte-Nord, March 8, 2017
  • Saguenay−Lac-Saint-Jean, March 14, 2017
  • Laurentides, March 16, 2017
  • Nord-du-Québec, March 21, 2017
  • Abitibi-Témiscamingue, March 23, 2017
  • Gaspésie−Îles-de-la-Madeleine, April 11, 2017

You can register for the sessions on the MESI’s internet site. Our professionals will be in attendance to meet with you and answer any questions.

19 Jan 2017  |  Written by :

Mr. Morin is a vice-president at RCGT. Contact him today!

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16 Jan 2017
Mario Morin
Vice-President, Partner | CPA, CA | Assurance

Éric Dufour, Vice-President of Raymond Chabot Grant Thornton’s Saguenay–Lac-Saint-Jean / Chibougamau / Côte-Nord region and National Business Transfer Leader, shares his concerns regarding the business succession process. Family business transfers have evolved and now involve factors never dreamed about before.

Read the article published in the December-January edition of Magazine MCI.

19 Jan 2017  |  Written by :

Mr. Morin is a vice-president at RCGT. Contact him today!

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13 Jan 2017
Mario Morin
Vice-President, Partner | CPA, CA | Assurance

In a TVA Nouvelles article discussing the increase in the number of home foreclosures in 2016 compared to the previous year, Éric Lebel, Raymond Chabot Grant Thornton Partner-Trustee and Financial Recovery Advisor, explains how foreclosing homes has become a last resort for banking institutions.

For more information, read the article published on the TVA Nouvelles website on January 10, 2017.

 

19 Jan 2017  |  Written by :

Mr. Morin is a vice-president at RCGT. Contact him today!

See the profile