CREVIER GROUP ACQUIRES LPS KENBEC

Montreal, April 10, 2017 - Crevier Group, a third-generation Quebec-based family business and Canadian leader in energy and industrial lubricants distribution, is proud to announce the recent acquisition, by one of its subsidiaries, of Lubrifiants et produits spécialisés Kenbec (LPS Kenbec), distributor of lubricants and lubrication equipment, with headquarters in Laval, Quebec.

 

“We are delighted to welcome LPS Kenbec to our big family! The founder, Pierre Geoffroy, is an important player in the industry, has excellent business sense and knowledge of the market. His company and his rich expertise are valuable assets for Crevier Lubricants, which aims to continue its Canada-wide expansion,” says Jean-François Crevier, President of Crevier Group.

 

Mr. Geoffroy went into business in 2002, following a successful career with Kendall, then Sunoco. His expertise will be put to good use in business development at Crevier Lubricants, which has enacted an ambitious growth plan, notably with the acquisition of other distributors.

 

“We are very pleased to have entered into this agreement with Crevier Group, a trusted partner who conducts their business in a very human way and whose management philosophy is in line with ours,” says Pierre Geoffroy, President of LPS Kenbec. “We are certain that our customers and employees will benefit from new opportunities offered by this alliance.”

 

LPS Kenbec’s territory covers all of Quebec, as well as part of Ontario and the Maritimes. Its portfolio includes brands such as Zeeline, Kendall, Kenlube, Sunoco and Phillips 66, of which it owns exclusive distribution rights in Quebec.

 

Crevier Group is in full swing

 

This is the fifth transaction in five years for the Crevier Group, which is positioning itself as a trusted buyer in the industry. “This transaction is the logical continuation of our Canada-wide growth plan, which was launched in 2012. We are also open to new acquisitions in Canada that will consolidate our leadership and improve the services we provide to our customers,” says Mr. Crevier.

 

About the Crevier Group

 

Founded in 1945 by Émile Crevier, the company began its activities by primarily retailing heating oil. Today, the Crevier Group distributes oil to nearly 200 service stations in Canada. The company is also a distributor of petroleum products for commercial customers through its wholesale and aviation fuel divisions. The Crevier Group is also involved in the distribution of lubricating products such as oils, greases, fluids, and related products (windshield washer fluid). Past acquisitions have allowed the company to distribute its lubricant products to more than 3,000 customers, in seven provinces, from coast to coast.