The Honco Group has received new equity investments from La Caisse and Investissement Québec to support its next phase of growth.

The investment total was not disclosed.

La Caisse led the transaction, with both investors acquiring minority stakes in the Quebec-based steel-processing company. Honco’s management team is also joining the shareholder group. The investment strengthens the company’s Quebec ownership and is intended to accelerate its expansion across Canada and internationally.

The move aligns with Honco’s strategy to build its position as a major player in steel processing, leveraging its six business units: Honco Buildings, Sturo Métal, Supervac, Garex, Ridge Nassau and Métalec. Together, they employ nearly 500 people.

“We are delighted to have the support of outstanding partners such as La Caisse and Investissement Québec as we embark on this new phase of growth for the Honco Group,” said Francis Lacasse, president and CEO of the Honco Group. “These major investments are a significant turning point for our family business. They give us the means to achieve our ambitions as a leading player in steel processing in Canada while remaining true to our values.”

Kim Thomassin, executive vice-president and head of Quebec at La Caisse, said the partnership will help accelerate business unit growth, both in Canada and in global markets. Bicha Ngo, president and CEO of Investissement Québec, said the organization is investing in Honco to help consolidate its footing in Quebec and give it the momentum it needs to step up its exports across Canada and internationally.

Image: Investissement Québec