The Master Group L.P. purchases the distribution division of Bousquet Frères Ltée
Boucherville, March 9, 2007 – The Master Group L.P. is pleased to announce that it has just completed acquiring the assets of the distribution division of Bousquet Frères Ltée, property of Groupe BFL Inc. The transaction comes into effect on Monday, March 12, 2007, and covers the distribution of the full A.O. Smith, Space-Ray and Reznor product lines.
This represents the fourth acquisition by the Master Group in the heating industry over the course of the last two years and this latest transaction is in keeping with the Group’s development plan for the heating market. With the increased volume generated by these three new product lines, the Master Group will consolidate its position as a major player in this industry segment. Also noteworthy is that this transaction makes Master a quasi-exclusive distributor of Reznor products in Eastern Canada.
"We are very proud of this latest acquisition and remain on the lookout for additional opportunities to further increase our presence on this market,” states Michel Ringuet, chief executive officer of the Master Group L.P.
The Master team is happy to welcome aboard specialized sales representatives Gabriel Dufault, Erick Francoeur and Julien Levasseur who will pursue their careers in customer service with the company.
For its part, Groupe BFL Inc. will maintain the operations of Bousquet Technologies inc. and TEGA Technologies, whose products and services will continue to be proposed by members of its own sales team.
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 14 branches and two distribution centres spanning from Eastern Ontario to the Maritimes.
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Source: Nathalie Lajoie
Director, Communications & Marketing