Rhesus
BDC doesn’t just finance assets. They truly understand the market and believe in the businesses they finance.
Vicky Beaudoin
Vice-President and General Manager
Information technology company offering services to businesses
About the company
Offers support and services that help businesses develop and maintain a stable, secure and functional IT infrastructure.
Location: Victoriaville, Quebec
Industry: Technology
Entrepreneur challenge
The company wants to continue its significant growth. To do so, it is looking to attract new talent, which is difficult to achieve through recruitment alone. It is also aiming to expand its market geographically, while remaining true to its core values. The entrepreneur is looking for support in the acquisition process.
BDC expertise
BDC granted Rhesus a business purchase or transfer loan to enable it to purchase a competitor. The BDC team clarified the acquisition process, managed expectations, and provided advice on assessing the value of the target company.
Results
- 40% increase in sales after the acquisition
- Opened up markets in Sherbrooke and Montreal’s North Shore, where the acquired company had been operating
- Organic growth of 15% extending into the new divisions, after the acquired company’s growth had been stagnating
- Talent acquisition, including 15 new specialists