Bytown PRO & Bonhomme PRO - Groupe Patrick Morin Acquires P. Bonhomme Enterprises' Four Renovation Centers Français
A First Breakthrough for the Quebec Retailer in the Ottawa-Gatineau Region
JOLIETTE, QC, Nov. 18, 2024 /CNW/ - Groupe Patrick Morin and P. Bonhomme Enterprises are pleased to announce that they have reached an agreement to acquire the four renovation centers operating in the Ottawa-Gatineau area under the banners Bytown PRO (formerly Bytown Lumber) on the Ontario side (three stores in Rockland, Carleton Place and Limoges) and Bonhomme PRO (formerly Matériaux Bonhomme) on the Quebec side (one store in the Hull sector).
The transaction, the amount of which has not been disclosed, was officially closed yesterday.
"After months of discussions, we are extremely pleased that Mr. Paul Bonhomme has chosen Patrick Morin to take over this company that has been deeply rooted in the Ottawa-Gatineau landscape for over 125 years. We are well aware of the strength of the Bytown PRO and Bonhomme PRO brands, which are highly regarded by the region's professional clientele, and that's why we intend to maintain the presence of these well-known and appreciated banners in the local market," says Louis Turcotte, President of Groupe Patrick Morin.
"To us, it was important to find an acquirer who shares the same values of proximity and excellence in customer service, and who is committed to offering our loyal customers top-quality materials and products at the best prices. This has been our strength since 1898, and it's what consumers will continue to find with us, thanks to Patrick Morin's solid network of suppliers," adds Paul Bonhomme, President of P. Bonhomme Enterprises.
Mr. Bonhomme will remain with the company, as will the entire management team, to ease the transition.
Enhanced Products & Services Offerings
Groupe Patrick Morin intends to keep all acquired stores in operation, and to retain all related jobs. It will also enhance its construction products and building materials offering thanks to the strength of its extensive distribution network, which features a wide range of Quebec and Canadian products.
Investments are also planned in certain stores, with the aim of expanding the services offering and satisfying the needs of a wider customer base.
"Bytown PRO and Bonhomme PRO have made their mark in the Ottawa and Gatineau areas thanks to their privileged relationship with construction and renovation professionals. We want the general public to be able to benefit even more from this vast expertise by developing a retail offering that will complement what's currently available to contractors in the region," explains Daniel Lampron, Vice-President and CEO of Groupe Patrick Morin.
A Fast-Growing Network of Renovation Centers
This announcement brings to 26 the total number of stores in the network of Groupe Patrick Morin, a company headquartered in Saint-Paul, near Joliette, Quebec.
Adding the hundred or so Bytown PRO and Bonhomme PRO employees, Groupe Patrick Morin now employs close to 2,000 people.
About P. Bonhomme Enterprises
Since 1898, P. Bonhomme Enterprises is a regional leader in the distribution of building materials to construction and renovation professionals in the Ottawa-Gatineau area. With its four Bytown PRO and Bonhomme PRO stores in Gatineau (Hull sector), Rockland, Carleton Place and Limoges, this fourth-generation family business currently employs over a hundred people.
www.bytownpro.ca, www.bonhommepro.ca
About Groupe Patrick Morin
Founded in 1960, Patrick Morin is recognized as one of Quebec's top retailers in the construction and renovation sector, providing quality products and services to consumers and contractors alike. Headquartered in Joliette, Quebec, the company now boasts 26 renovation centers, totaling nearly 2,000 employees.
SOURCE Groupe Patrick Morin
Information:Raphaël Melançon, Trafalgar Strategies, 514-444-6968, [email protected]
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