Instar-led consortium acquires Québec-based Groupe Somavrac Inc.

On January 7, 2026, a consortium led by Instar Asset Management Inc. and including Investissement Québec and the Fonds de solidarité FTQ announced its acquisition of all of the issued and outstanding shares of Groupe Somavrac Inc. to support continued growth.

Groupe Somavrac Inc. is a Québec-based infrastructure company serving strategic industries across Québec and Canada. It has developed deep expertise operating in highly regulated environments and plays a critical role in regional and national supply chains, particularly along the St Lawrence Seaway. Groupe Somavrac Inc. serves the mining, agricultural, pulp and paper, aluminum, cement, chemical, and water treatment sectors through a network of 17 specialized sites, dry and liquid bulk storage assets, and value-added chemical distribution and transportation facilities.

Instar Asset Management Inc. is a private equity firm that invests in scalable businesses providing essential products and solutions to communities across North America's middle market. With approximately $3 billion of equity under management, Instar's growing and diversified portfolio includes niche market leaders across Canada and the United States, primarily in the transportation and logistics, energy transition, and environmental sectors. 

McCarthy Tétrault LLP advised the Instar-led consortium with a team led by Jonathan See and Vincent Laurin that included Jake Irwin, Ian Mak, Jamie Becker, Chanelle Bristol, Laura Fabi, Xiaoting He, Krystel Ametepeh, Janie Lambert-Roy, Samuil Stoychev, Sheema Rezaei, Sian Desparois, Julia Bugge, Esther Gao, Yuan Luo, Rachel Fox, Nerissa Lu (M&A), Marjolaine Hemond Hotte, Eve Tessier, Candace Pallone, Mathilde Melancon-Brais, Grace Nguebou, Amine Kanoun (Financing), Mary Pagonis, Niusha Arbabi, Josiah Schaafsma, Laura Alford, Xin Yue Zhang (Real Property & Planning), Julie Belley Perron, Morgane Besner (Environment), Patrick Pengelly, Alexandre Buswell, Grace McDonell, Carolyn Denault, Loic Turner, (Labour & Employment), Julia Miller (Pensions), Darren Chung (Intellectual Property), Randy Schwartz, Patrick McCay, Fred Purkey, Jeremy Ho, Marc-Philippe Gagnon, Emma Murrin, Darren Chung (Tax), Oliver J. Borgers, Alykhan Rahim (Competition), John W. Boscariol (Trade), Jocelyn Perrault (Bankruptcy & Insolvency).