Through its partnership with Suncor, Pétroles Cadeko Inc., Groupe F. Dufresne has acquired Les Pétroles Alcasyna Inc.
Alcasyna, a regional family business that employs more than 200 people, has been managing and franchising the Petro-Canada brand since 1993. Working with Suncor, Alcasyna developed a network of gas stations, convenience stores, car washes, and A&W restaurants covering Quebec's Abitibi-Témiscamingue region.
The deal includes 22 Petro-Canada stations, five Pétro-Abitémis and three A&W restaurants, bringing Groupe F. Dufresne's retail sales network to 320, plus 13 restaurants.
A third-generation family business headquartered in Quebec City, Groupe F. Dufresne now employs 1,500 people in its home province. In addition to a network of service stations and corporate-owned Sprint convenience stores, Groupe F. Dufresne owns companies under multiple brands in the restaurant, home-comfort and transportation logistics sectors.
This consolidation between two well-known Quebec family businesses is big economic news for the area. Groupe F. Dufresne said in a release it that it plans to "preserve all jobs and will integrate their operations into its network while fully respecting the corporate culture the Lapointe family established over more than 25 years."
With that in mind, Audrey Lapointe will join the Groupe F. Dufresne team as director of corporate operations for the Abitibi-Témiscamingue region. She will also oversee foodservices for the Quebec's Sprint network and the company's A&W restaurants. Lapointe was general manager at Alcasyna and has been working at the family business since 2010.
"The exceptional quality of the establishments in the Alcasyna network, and the family values we all share, have greatly facilitated the coming together of the two companies," Francis Dufresne, president of Groupe F. Dufresne, said in a statement. "Groupe F. Dufresne considers it a privilege to carry on the incredible work done by the Lapointe family over the past years. We are proud to welcome the entire Alcasyna team into the extended Groupe F. Dufresne family."
"We are happy to pass the torch to another Quebec family business," said Pétroles Alcasyna president, Alain Lapointe. "We have known Groupe F. Dufresne and its managers for years and could see that they are motivated by similar values, especially the respect we had for each other's teams over these many years. We are therefore very confident that the future is bright for the entire Alcasyna team and for Audrey who will continue in her position for Groupe F. Dufresne."
The transaction is slated for the second quarter of 2022, subject to standard closing conditions.