St-Méthode Bakery partners with Swander Pace Capital, CDPQ, and Roynat

Swander Pace Capital (SPC), a private equity firm specializing in consumer products companies, has partnered with CDPQ and Roynat Equity Partners (Roynat) to acquire a majority stake in St-Méthode Bakery (BSM), a supplier of healthy, fresh bread products.

“This transaction is the result of careful planning to ensure the long-term future of St-Méthode Bakery in Adstock and Québec,” said Benoit Faucher, President of St-Méthode Bakery. “Our new partners share our values, which stem from a family business culture, and this is reflected in the retention of the current management team and all jobs. They recognize the know-how and expertise of the BSM team, as well as the high quality of our products. For my part, I will remain active in the company as an advisor to the management team while we ensure a smooth transition.”

Located in the Chaudière-Appalaches region of Québec, BSM will continue to supply customers throughout Québec and other markets from its flagship bakery in Adstock.

“We are delighted to partner with BSM and its existing management team on this exciting and well-known bakery platform that leverages our unique experience in both the bakery sector and the Québec market,” said Tyler Matlock, Managing Director at Swander Pace Capital. “Throughout its 75-year history, BSM has been a leader in consistently delivering high quality and innovative new products to the category. We are excited to continue that tradition of excellence and help accelerate the growth of the brand in new products and end markets.”

National Bank served as financial advisor in the transaction for BSM and Norton Rose served as legal advisor for BSM. Stikeman Elliott served as legal advisor for Swander Pace Capital and Blakes served as legal advisor for CDPQ and Roynat.

“For over 60 years we have been prime providers of growth and equity capital, providing highly customized financing solutions to promote business growth,” said Catherine Parent, Managing Director for Roynat Equity Partners. “As we expand our business in Québec, we continue to look for unique opportunities to assist Québec-based businesses to excel and grow. St-Méthode Bakery is a well-known brand in Québec that we have worked with previously. The organization has a strong management team and several significant partners, and we believe it will reach new heights in the years to come.”