MagBrooke inc. change of ownership
Sherbrooke, March 1, 2023 – MagBrooke Fournitures Industrielles, also known as MagBrooke, a company specialized in the distribution of industrial rubber and thermoplastic products, transfers ownership to the family investment company MB Capital, in partnership with Groupe GEP Capital and Luc Denis.
After 30 years of ownership, the stockholders made the decision to pass the torch to a local investor group. Founded in 1991, MagBrooke has about 20 employees and is primarily recognized for its quality products and outstanding service.
With this change of hands, the investor group not only hopes to preserve jobs and the head office in the Eastern Townships, but also aspires to see company growth and development.
Luc Denis, a long-standing employee, will take on a dual role as shareholder and newly appointed general manager of MagBrooke.
For nearly 30 years, MB Capital has been financially involved in supporting SMEs in Quebec and the American Midwest by providing them with the necessary resources to achieve sustained and profitable growth. MB Capital has stakes in almost 20 companies that employ over 1,250 people and generate a business volume of more than $250 million.
Groupe GEP Capital, through its president, Éric Perron, is also an experienced local investor, with holdings in Yuzu sushi, trailer manufacturers Armorteck and Idéal Cargo, as well as industrial distributor Motoparts.
The investor group is very proud of this acquisition and aims to pursue the long-term development of Magbrooke Inc.
Mr. Mathieu Beaudoin
Associate Director, MB Capital