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The Master Group L.P. acquires Technovent Inc.

Boucherville, July 5th, 2010 – The Master Group L.P. is pleased to announce the acquisition of the Quebec distributor Technovent Inc., a transaction by which Master carries out its expansion in the ventilation sector and consolidates its position as a leader in the HVAC-R industry.

«At Master all the wheels are in motion in this specific field » notes Louis St-Laurent, President, The Master Group L.P. « The acquisition of Technovent is in line with the Group’s strategy to reinforce
its product offering and to become a key player in the ventilation sector, with the ability to service all aspects of air treatment, from residential to industrial. It leads the way to new perspectives and exciting possibilities but above all, it allows our Group to benefit from the presence of experienced individuals, respected by our piers for their competence and expertise. We are happy to welcome the Technovent team of employees and management, an important asset in establishing our growth in the ventilation sector.»

«On our part», continues Serge Beaulieu, President, Technovent Inc., «this transaction is totally in line with the natural progression of our company. It constitutes a wonderful opportunity for all our
employees to work on substantial mandates and to extend our geographical presence. We are certain that our knowledge in this field and our vast experience will allow The Master Group to expand its
position in the air distribution market.»

Through this agreement, The Master Group enriches its product lines with highly renowned products such as Titus, whose reputation of quality in terms of grills, dampers, fan coils and terminal units is
firmly established.

 

About Technovent inc.

Since 1987, Technovent Inc. offers an extended line of ventilation products in the residential, commercial and industrial sectors for the Greater Montreal territory. The company reputation was built on solid core values in terms of customer services, professionalism and product excellence.

 

About The Master Group L.P.

The Master Group has lead the air conditioning, refrigeration and heating sectors for more than 55 years now and is the largest independent distributor in Eastern Canada. It employs some 375 dynamic and
devoted individuals who serve the industry from over 15 branches and two distribution centres spanning from Eastern Ontario to the Maritimes.

 

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Source: Nathalie Lajoie
Director, Communications and Marketing