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Norea Capital becomes shareholder of Stekar

Norea Capital becomes shareholder of Stekar, a Quebec-based leader in architectural systems made of glass, aluminium and mixed materials for building facades

More than thirty years after it was founded by Raynald Doyon and his wife Sylvie Poulin, Stekar has reached an important milestone with the introduction of Norea Capital and business development manager David Drouin into the company’s share capital.

This investment of nearly $10 million by Norea Capital will enable Stekar to pursue growth in Canada and break into the New England market. Particularly with Stekar’s distinctive multifacades product which meets both Canadian and American energy efficiency requirements.

It was in these terms that Antoine Auger, Stekar’s CEO and shareholder, hailed the high value-added partnership with Norea Capital, new private equity shareholder of the company and will support Stekar in setting up a board of directors with a majority of external members and implement our strategic initiatives.

“We are shapers of urban heritage, with a passion for a job well done and customer satisfaction,” says Raynald Doyon, who remains a shareholder, strategic advisor and director. Our succession plan has been meticulously planned since 2011, with the hiring of Antoine Auger as president of Vitralum Pro Installation, our subsidiary, and then as manager of Stekar starting in 2017. I am fully confident that Stekar is poised to reach new heights under Antoine’s leadership.”