On February 1, 2017, Gestion Soleno Inc. (“Soleno”) acquired a significant equity stake in the shares of Les Entreprises Jallex Inc. (“Jallex”). The resulting partnership between the two companies has been named Soleno Service.
Jallex is a pumping and cleaning service contractor based in Saint-Marie-Madeleine, Quebec. Soleno, headquartered in Saint-Jean-sur-Richelieu, Quebec, provides expertise and offers comprehensive solutions that fully meet current objectives for the collection, conveyance, treatment and storage of storm water. Together as Soleno Service the partnership will provide stormwater management network owners a turnkey service in order to meet new provincial regulations in place regarding maintenance and registration.
Miller Thomson advised Jallex with respect to the formation of this partnership with a team that included Alexandre Hébert (corporate/M&A) and Yannick Forget (construction).