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Quebec  + Industrial  | 

Atwill-Morin Purchases Concrete Specialist SoluBéton

Atwill-Morin, through its subsidiary Atwill-Morin Concrete, has acquired SoluBéton as part of a strategy to increase its infrastructure market share.

The transaction was announced by Matthew Atwill-Morin, president and CEO of Atwill-Morin, who said the acquisition will complement the services offered by Atwill-Morin Concrete, which has been involved in major Quebec infrastructure projects, including reinforcement work and shoring under the Île-aux-Tourtes bridge while awaiting the opening of the new bridge owned by the Ministère des Transports et de la Mobilité durable (MTMD).

“This strategic acquisition will enable us to respond to the future shift proposed by the concrete waterproofing industry, which has experienced rapid growth in recent years throughout Quebec and Ontario,” said Atwill-Morin.

He noted that SoluBéton employees will join Atwill-Morin’s teams, which already include more than 180 cement applicators supported by estimators, engineers, and project managers specializing in residential, commercial, civil, and industrial projects.

“For SoluBéton, this acquisition is the natural path to ensuring the expansion and sustainability of our specialties, which also include specific expertise in working in confined spaces with various single- and double-component bitumen-, epoxy-, and polyurethane-based membranes, applied cold in drinking water, storm water, sanitary, and chemical tanks,” said Gabriel Carpentier, founding president of SoluBéton.

Carpentier, who is joining Atwill-Morin while remaining a shareholder in SoluBéton, added that the two companies share the same values, with missions focused on restoring value to buildings and infrastructure to ensure the safety of their users.

He cited projects such as the REM – Réseau Express Métropolitain, phase 2 of the CHUM, the Bloom Lake Mine in Fermont, Que., the revitalization of Place Ville-Marie in Montreal, and the Royalmount biomanufacturing complex as examples that have helped SoluBéton build a reputation for excellence comparable to that of Atwill-Morin.

Atwill-Morin said the acquisition strengthens the company’s competitive position in the concrete waterproofing market, which is expected to see accelerated growth in the short term, driven in part by major projects included in the Quebec government’s Infrastructure Plan (PIQ).

Founded in Quebec, Atwill-Morin specializes in building-senvelope restoration and concrete repair, serving residential, commercial, civil, and industrial markets across Eastern Canada through multiple subsidiaries.

SoluBéton is a Montreal-based specialist in concrete waterproofing, repair, and injection, with expertise in complex infrastructure and institutional projects requiring highly technical membrane and injection solutions.

The value of the transaction was not disclosed, with Atwill-Morin citing confidentiality and competitive reasons.

Pictured: Atwill-Morin executives with Gabriel Carpentier, founding president of SoluBéton (centre).

Photo: CNW Group/Atwill-Morin

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About Monte Stewart

Monte Stewart serves as Content Director - Canada for Connect Commercial Real Estate. Based in Vancouver, British Columbia, Monte provides daily news coverage of major Canadian commercial real estate markets, including Vancouver, Toronto, Montreal and Calgary. He has written about the real estate sector for various media outlets and Avison Young since the early 2000s. In addition, he has covered sports, general news and business for several leading wire services and publications, including The Canadian Press, The Associated Press, The Calgary Herald, The Globe and Mail, Research Money, The Daily Oil Bulletin, Natural Gas World and The Toronto Star. Monte is active in his community as a youth basketball coach and raises funds for such charitable causes as Movember.

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