Versaprofiles to remain a Canadian-owned business with the contribution of the next generation of entrepreneurs
Summary
Were known as the Canadian leader in geothermal loop systems, thanks in part to a major contract on the Vancouver International Airport expansion in 2019, and we have other exciting projects lined up in the US. This succession plan is ideal because its focused on continuity, and its with a partner, Desjardins Capital, that believes in the value of operational independence for businesses in its portfolio." "We believe in Versaprofiles growth plan and the synergy of the 3 managing shareholders," says Yves Calloch, interim Chief Operating Officer of Desjardins Capital. By purchasing these shares, were not just helping save local jobs, were supporting cutting-edge expertise, especially in geothermal energy, which looks promising for reducing greenhouse gas emissions." Versaprofiles has over 50 years of experience in thermoplastic extrusion in the geothermal, natural gas distribution, maple sap tubing and potable water industries.