02 Jul 2019
Mark Rossi
Partner | Financial advisory

Raymond Chabot Grant Thornton’s Corporate Finance team is pleased to announce the successful sale of Vulcain Metal Inc. (“Vulcain”) to ISE Metal Inc. (“ISE”).

Vulcain is a leading manufacturer of high-quality steel, aluminum and stainless steel components and sub-assemblies. It is focused on serving the truck, bus, tracked utility vehicle, train, electric connector and electric enclosure markets. For over 60 years, the Saint-Jérôme-based company has established itself as the top supplier of small-batch hard-to-fabricate parts to notable blue-chip manufacturers.

ISE is a Sherbrooke-based leader in the sheet metal fabrication sector whose operations range from metal stamping to laser cutting, machining and complex assemblies with an international manufacturing footprint over 600 employees.

“For an entrepreneur, selling your business often means the conclusion to a lifelong project. Raymond Chabot Grant Thornton’s Corporate Finance advisory team tirelessly managed the transaction from beginning to end and assisted us in realizing the full value of our company”, states Luc Lusignan, Executive Vice President at Vulcain.

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Vulcain Metal is acquired by ISE Métal

“As the process was nearing the end, and fatigue and few doubts started to seep through, In Sunwoo’s support and guidance were masterful. My partner and I are very grateful to the Raymond Chabot Grant Thornton team.”

Raymond Chabot Grant Thornton acted as exclusive financial advisor to Vulcain.

To learn more about how Raymond Chabot Grant Thornton can help meet the needs of your business, please contact our deal team.

About Raymond Chabot Grant Thornton

Our leading mid-market focused corporate finance advisory team provides sector-specific advice on mergers, acquisitions and divestitures, debt and equity capital markets. We bring deep industry knowledge to each transaction to support our clients’ corporate finance strategies and priorities.

A Quebec and Canadian leader in the areas of assurance, tax, advisory services and business recovery and reorganization, Raymond Chabot Grant Thornton boasts more than 2,600 professionals. Raymond Chabot Grant Thornton is part of the global organization, Grant Thornton. Our global footprint spans across more than 135 countries with over 53,000 people who provide real insight, a fresh perspective and agility to keep clients moving ahead.

Deal Team:

Mark Rossi
In Sunwoo
Firas Ben
Rachel Goldberg

02 Jul 2019  |  Written by :

Mark Rossi is a Partner at Raymond Chabot Grant Thornton. He is an expert in Financial advisory....

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25 Jun 2019
Mark Rossi
Partner | Financial advisory

On June 18, Facebook unveiled details about the Libra, its new virtual currency slated for release next year.

Louis Roy, assurance partner and president of Catallaxy, was approached for comment by several media outlets. On the eve of the announcement, he told Radio-Canada that “the undertaking is particularly interesting due to its scope, given that Facebook has 2.4 billion users.”

Speaking to Kyk radio in Saguenay–Lac-Saint-Jean, Mr. Roy explained that “this digital currency has tremendous potential since there are more unbanked people in the world than banked people. The currency is available at very low cost thanks to blockchain technology and it enables users to carry out a wide range of transactions on their cell phone, without a bank account.”

Quoted in the Journal de Montréal, Mr. Roy added that “this is going to shake up the financial system. Facebook’s new currency has far-reaching implications and we can expect that, once it’s introduced next year, it will be here to stay—though it will almost certainly evolve over time.”

When interviewed for RDI économie and Le Téléjournal de Radio-Canada, Mr. Roy stated that the Libra project is unique in that “it’s the first cryptocurrency to be backed by major players from the financial sector, including Uber, Spotify, Visa, Mastercard and PayPal.”

He also explained to iHeartRadio’s Énergie Québec that the value of this “stablecoin” is closely linked to that of traditional currencies, such as the US dollar, which makes it less risky for users. “The Libra aims to be a global currency. It will be interesting to see how it will contend with different regulations in different countries.” During the interview, he also went into detail about blockchain technology and cryptocurrencies, including the difference between the upcoming Libra and Bitcoin.

02 Jul 2019  |  Written by :

Mark Rossi is a Partner at Raymond Chabot Grant Thornton. He is an expert in Financial advisory....

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18 Jun 2019
Mark Rossi
Partner | Financial advisory

Interviewed by Infopresse, Macha Pohu, the firm’s Vice-President, Talent & Culture, discusses the new forces at work in the employment market.

She says: “When our children join the workforce, 60% of today’s jobs will no longer exist and the others will be redefined.” Jobs are changing, but so are hiring criteria.

Macha Pohu explains: “A few years ago, we would never have considered someone who had changed jobs more than once in two years. Today, it’s the opposite, if someone has been in the same place too long, the concern is their ability to handle change.”

She goes on to say that often, candidates with an uncommon profile will be called for an interview. Furthermore, the manager’s role is also evolving. Candidates are looking for a boss who is more than just a manager.

“Today, everybody wants to be involved, to have some freedom to act, to take up challenges with their superiors’ trust,” the Vice-President added.

View the full article here (in French).

02 Jul 2019  |  Written by :

Mark Rossi is a Partner at Raymond Chabot Grant Thornton. He is an expert in Financial advisory....

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17 Jun 2019
Mark Rossi
Partner | Financial advisory

With the emergence of blockchain technology, CPA Canada has created a working group to explore different auditing approaches and the risks relating to cryptocurrencies and blockchain.

Jean-François Trépanier, Senior Manager, Assurance Research at Raymond Chabot Grant Thornton and Technical Advisor, Regulations at Catallaxy, is leading one of the working group’s projects. In an interview with CPA Canada, Jean-François provides an overview of the situation of public companies handling cryptocurrencies in Canada. He identifies the risks associated with blockchain technology and the accounting firms auditing cryptocurrencies.

Also, in a video discussing the prospects for CPAs in terms of blockchains, Louis Roy, Assurance Partner and President of Catallaxy clarifies that since this is a new technology, everything needs to be created. There are therefore excellent opportunities for CPAs to position themselves as experts in the field.

Roy offers some advice to CPAs who want to get involved in auditing cryptocurrency: he emphasizes the importance of properly understanding this technology, but also of knowing how to master cryptocurrency auditing tools.

02 Jul 2019  |  Written by :

Mark Rossi is a Partner at Raymond Chabot Grant Thornton. He is an expert in Financial advisory....

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