ADSTOCK, QC — Swander Pace Capital, a private equity firm specializing in consumer products companies, partnered with CDPQ and Roynat Equity Partners to acquire a majority stake in St-Methode Bakery (BSM).
“This transaction is the result of careful planning to ensure the long-term future of St-Methode Bakery in Adstock and Quebec,” said Benoit Faucher, president of St-Methode Bakery. “Our new partners share our values, which stem from a family business culture, and this is reflected in the retention of the current management team and all jobs. They recognize the know-how and expertise of the BSM team, as well as the high quality of our products.”
To ensure a smooth transition, Faucher will remain as an advisor to the management team.
“This transaction is the result of careful planning to ensure the long-term future of St-Methode Bakery in Adstock and Quebec.” — Benoit Faucher | president | St-Methode Bakery
“We are delighted to partner with BSM and its existing management team on this exciting and well-known bakery platform that leverages our unique experience in both the bakery sector and the Quebec market,” said Tyler Matlock, managing director at Swander Pace Capital. “Throughout its 75-year history, BSM has been a leader in consistently delivering high-quality and innovative new products to the category. We are excited to continue that tradition of excellence and help accelerate the growth of the brand in new products and end markets.”
The bakery, known for its fresh bread products, distributes three lines of healthy products throughout Quebec and Canada.
