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Raymond Chabot Grant Thornton’s Corporate Finance team is pleased to announce the successful sale of Nautilus Plus Inc.
Nautilus Plus is acquired by the existing Management group in collaboration with Fondaction and CSN.
Nautilus Plus Inc. (“Nautilus Plus”) was founded in Quebec City in 1978 by Steve Sutherland and Charles Constantin, two Nordiques players, and it has remained a local company since then. Today the Longueuil-based company is a leading Quebec fitness chain. With approximately 50,000 members and 33 branches, the company has earned a strong reputation thanks to its team of university educated kinesiologists and nutritionists, its safe and stimulating training environments and equipment, and its variety of programs designed to meet the needs of all age groups and skill levels.
Nautilus Plus called on the expertise of Raymond Chabot Grant Thornton’s Corporate Finance team to advise on the sale process.
RCGT is pleased to have had the opportunity to advise Nautilus Plus and its shareholders on the sale of the business. The acquisition was concluded with a group of investors led by Nautilus Plus’ current CEO, Martin Légaré, and vice-presidents Marie-Josée Després and Sylvain Cyr, as well as Fondaction, the labour-sponsored fund of the Confédération des syndicats nationaux (CSN).
To learn more about how Raymond Chabot Grant Thornton can help meet the needs of your business, please contact our deal team.
About Raymond Chabot Grant Thornton
Raymond Chabot Grant Thornton is a Canadian leader in the areas assurance, tax, advisory services and business recovery and reorganization.
Our leading mid-market focused corporate finance advisory team provides sector-specific advice on mergers, acquisitions and divestitures, debt and equity capital markets.
We bring deep industry knowledge to each transaction to support our clients’ corporate finance strategies and priorities. Raymond Chabot Grant Thornton is Quebec’s leading professional services firm with more than 2,700 employees. As a member firm of the Grant Thornton International network and together with its Canadian counterpart Grant Thornton LLP, the firm is a member of one of the world’s largest professional services network made up of 58,200 people in nearly 140 countries.