One of the largest funeral services companies in Quebec, Canada has sold a 40-50 percent stake to Walter Capital Partners.
Fuel the growth of Athos
Ever since the start of Athos in 2010, the company has successfully progressed. In 2012 Athos acquired two major industry players: Urgel Bourgie in Montréal and Lépine Cloutier in Québec City. The acquisition of a major stake in the company by Walter Capital Partners is expected to fuel the growth of Athos, whose goal it is to become a leader in the Quebec funeral services market.
Exciting for both parties involved
Éric Phaneuf, Managing Partner and President, Walter Capital Partners stated: “Walter Capital is thrilled to receive support from external investors in this transaction, notably from the Bourgie-Bovet family, that returns as an investor to an industry it operated in for nearly a century with the trusted company Urgel Bourgie.” The board of directors at Athos is equally excited about the partnership.
Michel Boutin, CEO at Athos Services Commémoratifs said: “With Walter Capital, we are joining forces with a group that shares our values of honesty, integrity and respect. This was very important in our search for the right partner. Not only do we anticipate strong growth prospects with Walter Capital, but we will be able to move forward while remaining faithful to what we’re known for – personalized, high-quality service that respects the beliefs and customs of the deceased and their families.”
