On February 19, 2025, Colabor Group Inc. (TSX: GCL) agreed to acquire Alimplus Inc.’s food distribution assets and all shares of its subsidiary, Tout-Prêt Inc., for $51.5 million, subject to adjustments. The deal excludes Groupe Mayrand Alimentation’s four stores but includes a six-year distribution agreement.

Alimplus, a major Quebec-based food distributor, operates warehouses in Drummondville, Anjou, and Quebec City, with annual sales of approximately $225 million. The acquisition strengthens Colabor’s market position and expands its customer base.

Financing includes a $95 million senior credit facility amendment, a $15 million subordinated debt extension, and a new $15 million deeply subordinated debt with Investissement Québec. The deal is expected to close in Q2 2025, pending regulatory approvals.

Desjardins Capital Markets advised Alimplus, with Fasken Martineau DuMoulin LLP as legal counsel. McCarthy Tétrault LLP advised Colabor.