On December 8, 2023, Thrust Capital Partners (TCP), a Canadian private equity firm specializing in the aerospace sector, has successfully completed the acquisition of DCM Group Inc., a prominent Quebec manufacturer serving the aviation and aerospace industries. This marks TCP's second platform acquisition for its Fund I L.P. The acquisition involved a partnership with Desjardins Capital, while Investissement Québec (IQ), a pre-existing investor in DCM, maintained its ownership stake to support the company's continued growth.

Established in 1987, DCM has evolved into a significant subcontractor for aerostructure components in Quebec. The company also produces ground support equipment tooling and offers aircraft maintenance and welding services. Despite the acquisition, DCM's CEO, Jean-Charles Raillat, and his management team will continue in their existing roles. Raillat expressed optimism about the acquisition, highlighting its alignment with DCM's ambitions, employee interests, and community involvement.

Frédéric Loiselle, Partner at TCP, underscored DCM's strong growth record, which TCP aims to enhance, especially in the global market. Nathalie Bernard, Chief Operating Officer of Desjardins Capital, also affirmed the pride and support for DCM's ongoing ambitions and growth under Raillat's leadership.

For this transaction, Norton Rose Fulbright Canada LLP, PricewaterhouseCoopers LLP, and Ernst & Young LLP were respectively engaged as legal, tax, and financial advisors for TCP. Blue HF Legal LLP provided legal and tax advisory services to the sellers.