Pit Caribou Acquired with Financing from BDC Capital, Dejardins Captial

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L’ANSE‑À‑BEAUFILS, Que. — BDC Capital’s Growth & Transition Capital division and Desjardins Capital partnered to provide $3.4 million in financing to Vincent Coderre and Jean-François Nellis for the acquisition of Pit Caribou microbrewery in L’Anse‑à‑Beaufils, Que.

“This support from our institutions to local entrepreneurs ensures that Pit Caribou will keep its Gaspé soul and continue to make the region proud,” says Pascal Dion, director of Growth & Transition Capital, Eastern Quebec, BDC Capital. “Vincent Coderre, Jean‑François Nellis and Francis Joncas, who will remain with the company for the next three years, are now joining forces to take Pit Caribou to new heights.”

The financing was provided in equal parts by both companies, with additional funding for the acquisition provided by Investissement Québec.

“Thanks to their assistance, the microbrewery is able to better serve its customers and offer quality products,” says Vincent Coderre, president of the Pit Caribou microbrewery. “We can now enter a new phase of expansion and look to the future with confidence.”

Pit Caribou, founded in 2007, is the first microbrewery in Eastern Quebec and has won numerous awards, including best North American-Style Blonde or Golden Ale for its La Blonde de l’Anse at the Canadian Brewing Awards in May.

Source: https://www.newswire.ca/news-releases/pit-caribou-microbrewery-acquired-with-3-4-million-in-financing-from-bdc-capital-and-desjardins-capital-856072432.html

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