Sale of Groupe Somavrac Inc. to Canadian-Led Investor Consortium

Counsel to the Paquin family with respect to its sale of all issued and outstanding shares of Groupe Somavrac Inc to a Canadian-Led Investor Consortium

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Team Members

Miller Thomson represented the Paquin family in the sale of all of the issued and outstanding shares of Groupe Somavrac Inc., a Quebec based infrastructure company serving strategic industries throughout the province and across Canada, in a transaction that closed in late December 2025.

Built over more than 60 years by the Paquin family, Groupe Somavrac, through its 12 subsidiaries spread across 17 different sites in 11 cities in Québec and Ontario, has developed deep expertise operating in highly regulated environments and plays a critical role in regional and national supply chains, particularly along the St Lawrence Seaway, having become a highly strategic player in the logistics of essential materials for the mining, aluminum, and agricultural sectors. Groupe Somavrac and its subsidiaries collectively employ more than 500 employees.

The transaction was completed with a consortium led by Instar Asset Management Inc., and including Investissement Québec, and the Fonds de solidarité FTQ, ensuring that this major Quebec family-owned enterprise remains Québec-rooted and under Canadian ownership.

Miller Thomson advised the Paquin family in this transaction with a team led by Yves Rocheleau and Josyane Ledoux (Corporate/M&A) and comprised of Myriam Bensadoun-Amato, Andrea Kabbash, Philippe St-Louis, Matthew Steinlauf (Corporate/M&A),Tamara Farber, Christine Duchaine and Thierry Méance (Environment), Nathalie Marchand and Emmanuelle Laliberté (Tax), Hugh Wright (Pensions and Benefits), Eric Dufour (Competition), Lawrence Witt (Labour and Employment) and Michael Caruso (Representations and Warranties Insurance).