Raymond Chabot Grant Thornton Advises Groupe Touchette on a Growth Financing Syndicated Loan Transaction
Founded over 40 years ago with the opening of a single garage, Groupe Touchette (“Touchette “) has built on its industry knowledge, expertise and stellar management team to become the largest Canadian owned tire distributor in the country.
With access to a vast choice of premium brands and tire models, Touchette operates from over 30 distribution centers throughout the country with nearly half being established in the last 24 months alone. Thanks to a solid infrastructure, a deep understanding of the industry and its workforce of over 500 employees, Touchette has the capacity to offer delivery services in 90 of the 100 largest cities, coast to coast, in under three hours.
A unique one-stop shop business model, a broad offering of products and tailored services, engineered complementary sales channels providing unique solutions are all attributes describing this industry leading national group. In-house programs such as their Alliance Program offers a full-fledged tire management service focused on increasing sales, improving tire category profitability as well as enhancing the overall customer experience for dealers that partner with Groupe Touchette.
Groupe Touchette called on Raymond Chabot Grant Thornton’s Corporate Finance team to support them with reviewing and optimizing their financial structure in order to access additional liquidity to consolidate and further reinforce its position as market leader.
“Raymond Chabot Grant Thornton’s corporate finance team played a key advisory role in providing sound expert advice at every stage of our financing transaction. The support and know-how of Raymond Chabot Grant Thornton’s corporate finance team allowed us to optimize our financing structure while concurrently realizing a significant acquisition by the Touchette Group’’ states Frédéric Poussard, Chief Financial Officer – Touchette Group. “It was a seamless process of collaboration and true team work. We would not hesitate to call upon their services in the future.”
To learn more about how Raymond Chabot Grant Thornton can help meet the needs of your business, please contact our Corporate Finance team.
About Raymond Chabot Grant Thornton
Raymond Chabot Grant Thornton is a Canadian leader in the areas of assurance, tax, advisory services and business recovery and reorganization. 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 member company of Grant Thornton International and the Canadian counterpart of Grant Thornton LLP, Raymond Chabot Grant Thornton has more than 2,500 employees and is one of the world’s largest professional services network made up of 50,000 people in over 135 countries.
18 Feb 2019 | Written by :