FTQ, Investissement Québec spending $30M to support growth plans at EBC
Fresh financial backing from a pair of major Quebec investors is giving growth plans at Quebec City-headquartered contractor EBC Inc. a significant boost.
Fonds de solidarité FTQ and government development corporation Investissement Québec have each committed $15 million to support EBC’s continued growth.
“Our industry is booming and at EBC we have our sights set firmly on the future, so that we can continue to grow while staying true to the company’s human values,” Marie-Claude Houle, EBC’s president and CEO, said in a release. She added the funds will help the company strengthen its position as a leader in the Canadian construction industry.
Janie Béïque, executive vice-president of Investments at the Fonds de solidarité FTQ, said with its long history in public infrastructure, EBC is “well placed” to participate in a large number of major construction projects to be launched in Quebec and across the country in the coming years.
“We’re extremely proud to align ourselves with such a successful company and to back its growth projects,” she said in a release.
Founded in 1968, EBC now employs nearly 3,000 workers. Last year, it posted more than $1 billion in revenue and ranked ninth in On-Site’s list of the largest construction companies in Canada.