Péladeau officially acquires Colabor majority assets

La Financière Outremont, an investment firm controlled by Quebec billionaire Pierre Karl Péladeau, has officially acquired the majority assets of food distributor Colabor.

The transaction, announced earlier this month, was finalized on Monday, resulting from a sale and investment solicitation process conducted under the supervision of the Superior Court and firm Raymond Chabot.

In addition to the majority assets of Groupe Colabor, La Financière Outremont has also acquired those of its subsidiaries, Les Pêcheries Norref Québec and Transport Paul-Émile Dubé.

Colabor had sought creditor protection in January due to financial difficulties.

This came as the company was hit by a cyberattack after taking on debt to complete an acquisition.

In a press release, Péladeau stated that his ambitions go “beyond a simple turnaround.”

“The aim is to preserve as many jobs as possible, restore sound financial management, rebuild trust with all our business partners, customers and suppliers, and stimulate competition for the benefit of local consumers,” he said.

According to Colabor President and CEO Kelly Shipway, the company has completed a “complex restructuring process” and achieved a result “that preserves the continuity of Colabor’s operations in Quebec.”

“Colabor has a solid foundation and can once again focus fully on what it does best: providing high-quality food distribution services in Quebec and the Atlantic provinces,” she said.

Another Colabor subsidiary, Groupe Resto-Achats, was acquired by a consortium of Quebec investors.

This report by The Canadian Press was first published in French on April 28, 2026.