Mongrain announces Canadian expansion strategy
Quebec-based building envelope protection provider Mongrain Inc. is looking to increase its footprint across Canada, starting in Vancouver.
President and CEO Karl Mongrain is looking to expand the company across the country. – Mongrain Inc.
Key Takeaways:
- Quebec-based building envelope protection provider Mongrain is looking to expand.
- One of its first steps will be opening a new location in Vancouver.
- Fuelling this initial expansion will be a joint venture with Cascade Roofing.
- The company plans to do more joint ventures and acquisitions as it continues to expand.
The Whole Story:
Building envelope protection provider Mongrain Inc. is looking to increase its footprint across Canada.
The Quebec-based company announced one of the first steps in its strategy will be setting up a new location in Vancouver.
Mongrain has entered into a joint venture with Cascade Roofing of Chilliwack which will be a key part of its initial pan-Canadian growth strategy.
President and CEO Karl Mongrain explained that he has a bold growth plan that will involve the establishment of joint ventures and subsidiaries, as well as acquisitions, in the large Canadian market, which is home to a modern era building heritage that includes all types of constructions erected between 1930 and the mid-1970s.
Mongrain noted that these older buildings require many repairs to remain sustainable. This means lots of opportunity for the company.
“The strategy is based on the principle of a controlled progression of growth, step by step, towards the East of the country,” said Mongrain.
The company currently has locations in Montreal, Ottawa and Vancouver with major projects underway. These include ten stations for the Réseau express métropolitain the brand new Maisons des Aîné.e.s in Longueuil and Saint-Jean, and the new Mother and Child Centre of the Fleurimont Hospital in Sherbrooke and its modern emergency room.
The company hopes its sustainable technology will help in its expansion. One of these is its use of a cold installation system.
“With the cold-lay system, which eliminates the use of flames to heat the raw material, it is the end of an era of what is now commonly known as flared roofs,” said Mongrain, who added that the system significantly reduces the risk of fires or injuries.
