Nationex Inc.: refinancing and shareholder buy-back transaction
09 Oct 2018
Raymond Chabot Grant Thornton is pleased to congratulate Nationex Inc. for its successful refinancing and shareholder buy-back.
Founded in 1980 and headquartered in Longueuil, Qc, Nationex (“Nationex” or the ‘‘Company’’) provides B2B courier services in Canada, with a major focus on Quebec and Ontario provinces. The company employs 200+ employees and handle over 40 thousand parcels on a daily basis.
Catryn Pinard, appointed CEO in 2015 and now sole shareholder of Nationex following the shareholder buy-back, is determined to help Nationex succeed as a 2nd generation family-owned company with the support of an experienced management team.
“The Raymond Chabot Grant Thornton team far exceeded our expectations”, says Catryn Pinard. “Your support was not only financial but also strategic. You were by our side throughout the entire process and exceeded your mandate by ensuring that all details were tied up following the closing of the transaction. Your implication and expertise, without a doubt, added significant value to our financing structure.”
The legalization of cannabis as of October 17th could cause a number of headaches for employers and managers who will have to adapt quickly to the new legislation.
Although the substance is prohibited in the workplace, employers may be facing a higher absenteeism rate and lower employee performance, as mentioned by Isabelle Simard, Senior Manager, Management Consulting at Raymond Chabot Grant Thornton, in an interview with Le Quotidien.
It’s in a business’s interest to introduce policies regarding this new reality and a clear process to be followed for failure to comply with the rules.
Isabelle stated: “While the legislation may make it possible to denounce dependency situations among employees, dismissal is not automatic.”
Saguenay-Lac-Saint-Jean Welcomes the President and CEO
04 Oct 2018
Emilio B. Imbriglio, President and CEO, was in Saguenay-Lac-Saint-Jean last September 17th-19th.
His visit is part of his annual tours of the various regions to meet with staff, business partners and dynamic organizations on site.
Management in touch with its employees
Emilio then went on to visit employees in the La Baie, Chicoutimi and Jonquière offices to thank them for their exemplary work and share his vision of an increasingly efficient firm with its employees and clients at the heart of its priorities. The visit was an opportunity for friendly, personal discussion, which all of the teams appreciated.
Éric Dufour said: “There are very few large-scale firms with a President who is as open as Emilio. He stands out and takes his time. He wants to learn about employees in all areas and departments. He is approachable and there is no doubt that his interaction mobilizes the troops. It’s a real pleasure to have him with us.”
Attentive to major economic development projects
The President’s visit was also an opportunity to bring together the managers of three major projects that will have a significant economic and historic impact in Saguenay-Lac-Saint-Jean: David Dufour, Regional Manager, BlackRock Metals mining project, Jean-Sébastien David, Chief Operating Officer, Ariane Phosphate and Stéphane Tremblay, Leader, Regional Development with GNL Québec.
Their discussions covered the issues and objectives of these projects that will positively impact the economic situation of Saguenay-Lac-Saint-Jean once they are operational.
Inauguration of a new office
The Dolbeau-Mistassini office inaugurated its new premises with several business partners, clients and political representatives in attendance.
These new premises will house even more employees, evidence of the firm’s constant growth in the Maria-Chapdelaine RCM. It is the firm’s increasingly greater market share in the area that led it to relocate in order to respond to client needs professionally and conscientiously.
Marc Lévesque, Assurance Partner in charge of the upper lake region said: “The new Dolbeau-Mistassini office provides our employees with a dynamic, innovative and collaborative work environment.
Clients will also benefit from even more efficient services and a welcoming location to interact with our teams.”
Emilio B. Imbriglio, President and CEO, Nancy Fortin, Senior Tax Consultant, Pascal Cloutier, Mayor of Dolbeau-Mistassini, Isabelle Simard, Regional Director, Management Consulting, Marc Lévesque, Partner in Charge, Dolbeau-Mistassini office, Gilles Bérubé, President and CEO of Corporation Waskahegen, Frédéric Castonguay, Senior Manager and Éric Dufour, Vice-President Saguenay-Lac-Saint-Jean/Chibougamau/Côte-Nord.
Visit to a Lac Saint-Jean institution
In his visit to the chocolate factory of the Mistassini Trappist monks, our President and CEO discovered a company that combines innovation and tradition.
The firm’s representatives had an opportunity to visit the manufacturing plant and discuss the various upcoming projects with the management of this very vibrant and growing business.
The human resources challenge … the vision of two business sector leaders
A noteworthy activity of this tour was Emilio’s dinner with Stéphane Achard, Executive Vice-President – Commercial Banking and Insurance, National Bank where they talked about their vision and the human resource challenges for Quebec SMEs in the presence of some 50 regional business people.
From the left: Emilio B. Imbriglio, President and CEO, Éric Dufour, Vice-President Saguenay-Lac-Saint-Jean/Chibougamau/Côte-Nord, Josée Carrier, Assistant Vice-President, Business Sales and Services, National Bank and Stéphane Achard, Executive Vice-President – Commercial Banking and Insurance, National Bank.
Raymond Chabot Grant Thornton is present in all four corners of Quebec. It’s important, therefore, for the President and team of Partners to meet with economic stakeholders in various communities and, especially, to discuss with staff members in order to stay in the leading group of innovative and high-performance professional services firms!
Person of the Year Award – contest for the business community
27 Sep 2018
Raymond Chabot Grant Thornton partners with John Molson School of Business to launch a new contest: Person of the Year Awards
Real networking opportunities between academia and the business community in Québec
Montréal, September 27, 2018—Raymond Chabot Grant Thornton and Concordia University’s John Molson School of Business are proud to launch the first edition of the Person of the Year Awards. This contest, created to mark the 70th anniversary of Raymond Chabot Grant Thornton, aims to celebrate business people who contribute to the development of visionary local businesses and the rise of up-and-coming talent throughout Québec.
The Person of the Year Awards are designed to create real networking opportunities between academia and the business community, including giving students at John Molson School of Business the chance to meet with established leaders.
“Raymond Chabot Grant Thornton believes that great leaders are passionate people who use their talents to advance Québec and contribute to the growth of our economy,” says Emilio B. Imbriglio, President and Chief Executive Officer of Raymond Chabot Grant Thornton. “They actively participate in the advancement of their profession, their industry and the next generation. We have been proud to support local leaders in their accomplishments for 70 years now, and this is why we want to honour them today with the Person of the Year Awards.”
Anne-Marie Croteau, Dean of Concordia University’s John Molson School of Business, says: “The Person of the Year Awards are unique because they inspire students at John Molson School of Business. Our mission is to make our programs as challenging and practical as possible so that our graduates are ready to contribute to Québec’s economy and social development,” She adds: “This partnership between Raymond Chabot Grant Thornton and John Molson School of Business makes these efforts even more concrete and relevant to our future leaders.”
A diverse selection committee
This collaboration builds on the strength of both organizations’ respective networks, which is reflected in all aspects of the contest, including its jury, made up of both Québec business leaders and experts from academia. MBA and MBA Executive students will also be involved in analyzing submissions.
The jury comprises the following members:
Hubert Bolduc, President and Chief Executive Officer, Montréal International;
Following the contest, students from John Molson School of Business will have the opportunity to participate in an “innovation immersion” project led by Raymond Chabot Grant Thornton and its subsidiary Catallaxy, a blockchain technology firm. Recipients of the Person of the Year Awards will assume a mentoring role. The project aims to promote inspiring meetings and will be closely linked to the technologies that influence the business world, including blockchain, artificial intelligence and Industry 4.0.
Mentoring in the spotlight
In all categories of the Person of the Year Awards, mentoring is one of the key criteria of the contest, which reflects the values advocated by Raymond Chabot Grant Thornton and John Molson School of Business. Both organizations strongly believe in the need for the leaders of today and tomorrow to be involved in their community.
The Person of the Year contest recognizes both established and up-and-coming leaders as well as those working behind the scenes who make a difference, whether through innovation, international development, strategic transactions or the strength of their leadership.
Eclipse: “A leader who moves the market or creates a brand new one.”
Glocal: “A leader who has created local success through international activities.”
Instinct: “A team responsible for an innovative and complex transaction that ensures the development and growth of a local leading-edge business.”
Person of the Year: “A leader who, through his or her vision and leadership, has taken his or her organization to another level.”
Nominations will be submitted between September 26 and December 20, 2018. Names of the 16 finalists will be announced in February 2019, and the four winners will be announced at a grand gala to be held on May 9, 2019, in Montréal.
To find out more about the criteria and the selection process as well as the key dates to submit your nomination or nominate someone else, visit www.rcgt.com/awards.
About Raymond Chabot Grant Thornton
Founded in 1948, Raymond Chabot Grant Thornton (rcgt.com) has become a Canadian leader in the areas of assurance, tax, advisory services and business recovery and reorganization, with more than 2,500 professionals, including approximately 200 partners. Together, Raymond Chabot Grant Thornton and Grant Thornton LLP, another Canadian member firm of Grant Thornton International Ltd comprise more than 4,400 professionals and close to 170 offices across Canada to help Canadian organizations achieve their full growth potential both locally and globally. Grant Thornton International Ltd provides clients with the expertise of member and correspondent firms across more than 135 countries and more than 50,000 professionals.
About John Molson School of Business
Concordia University’s John Molson School of Business is one of the largest business schools in the world. Focused on academic excellence, John Molson School of Business provides an engaging learning and research environment that inspires us to go beyond the commonplace for the development of business and society. Accredited by the Association to Advance Collegiate Schools of Business since 1997, John Molson School of Business offers programs at the undergraduate, graduate and doctoral levels. John Molson School of Business’s internationally renowned faculty members are constantly pushing the boundaries of business research, and its experiential learning activities provide students with hands-on training that complements classroom instruction. The school’s state-of-the-art facilities are housed in the LEED Silver-certified John Molson School of Business Building, the vibrant green centre of Concordia University’s Sir George Williams Campus in downtown Montréal.
Raymond Chabot Grant Thornton and John Molson School of Business