VFTM Ep. 133 - State of the Québec Midmarket: Adjusting to Changing Economic Times
April 17, 2025
by an investor from McGill University in Toronto, ON, Canada
Joining me for this episode is Wandrille Lefèvre of EC2, a Québec-based consulting firm that provides specialized M&A and corporate finance advice to midmarket companies. According to Wandrille, the Québec market, like other Canadian markets, is driven by factors like baby boomer retirements and a need for technology investment. The range of buyers in the province includes a similar mix of private equity and strategics as is found elsewhere. Even in the uncertain tariff environment, EC2 is seeing steady interest from potential sellers, with the caveat that those sellers are deliberating more about how to proceed, while buyers are looking more intently at the tariff exposure of potential acquisitions.
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