Les Excavations Payette acquires assets of the Hexagone Group

MONTREAL, Aug. 18, 2014 /CNW Telbec/ - Les Excavations Payette Ltée, a Montreal-based company and member of Fayolle Canada Group, owned by a Canadian resident, announced today that it acquired certain assets of the Hexagone Group. This acquisition includes assets related to the following expertise areas: sewers and aqueducts, asphalt, curbs and sidewalks as well as assets of the Houle-H2O subsidiary.

All jobs related to these assets will be maintained as part of the acquisition. "We are thrilled to welcome more than 250 experienced employees who will add their recognized and complementary skills to our own, states Bruno Fayolle, President and CEO of Fayolle Canada. This transaction enables us to broaden our range of services and enhance the synergy within the group".

Since 2010, Fayolle Canada has relied on the financial support of Desjardins to ensure its growth.

The transaction will be finalized on September 1, 2014.

About Les Excavations Payette Ltée
Founded in 1956, Les Excavations Payette Ltée, whose head office is located in Montreal, is a company specialized in excavation work, civil engineering, decontamination and snow removal. A member of the Fayolle Canada Group since 2010, it is certified under ISO 9001:2008 since March 2002 and holds the authorization from The Autorité des marchés financiers to sign public contracts and subcontracts since January 10, 2014.

About Fayolle Canada
Founded in Montreal in 2006, Fayolle Canada now has over 650 employees and generating a business volume of $600 million. The company, which specializes in construction and civil engineering for clients in the public and private sector, remains focused on its core values: durability, entrepreneurship, integrity, respect and team spirit.


SOURCE: Les Excavations Payette Ltée

For further information: Isabelle Perras, 514 282-4630, isabelle.perras@citoyenoptimum.com

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