Crane SupplyPress Release
Deschenes Group Inc. acquires Crane Supply
The company increases its presence in Canada
Montreal – Wednesday, June 1, 2022 – Deschenes Group Inc. (DGI) has acquired Crane Supply, a division of Crane Canada Co., consolidating its position as a Canadian-owned leader in its industry.
The acquisition, effective as of May 31, 2022, has expanded the Canadian geographic area where DGI distributes pipe, valves, fittings and piping accessories (“PVF”). The acquisition has added 27 new sales outlets to DGI’s current network in the 10 Canadian provinces. DGI now has 229 sales outlets and 3,500 qualified employees. The name Crane Supply currently remains.
Complementary Strategies and Similar Workplace Culture
“The transaction with Crane Supply fits perfectly with our growth strategy,” said DGI President and CEO François Deschênes. “When we’re looking to make an acquisition, finding a company that is the right fit and shares our values is key. That is exactly what we found with Crane Supply — a company that is customer oriented, and employs highly qualified people. Our priority is to ensure a smooth transition for our teams and create a stimulating work environment that will ultimately benefit all our customers.”
“Crane Supply is a strong business that will undoubtedly continue to grow in the years to come,” said Tom Frazer, President of Crane Supply. “We are happy to join the large Deschenes Group family.”
Crane Supply becomes the 16th business unit of DGI and will continue to operate as it does now, under the leadership of Tom Frazer and his team. Tom will report to Sylvain Vachon, Vice President, Infrastructure Market at Deschenes Group.
About Deschenes Group Inc.
Deschenes Group Inc., founded in 1940, is a private family-owned company based in Montreal. DGI, the largest Canadian-owned company in its sector of activity, is a leading wholesale distributor in three markets: Infrastructures, Building Mechanical, and Electrical, HVAC & Automotive. It has 190 sales points throughout Canada and 12 in the United States. DGI also has 21 plumbing retail stores in Quebec and Ontario. Since 2009, DGI is recognized as one of Canada’s Best Managed Companies.
About Crane Co.
Crane Supply is Canada's premier distributor of quality pipes, valves, fittings and piping accessories (“PVF”) serving Industrial and Commercial Contractors, Industrial Maintenance, Repair and Operations (MRO), Fabricator, and Engineering Procurement and Construction firms.It has 27 branches with 425 talented people covering the 10 provinces in Canada. For more information: www.cranesupply.com
President & CEO
Groupe Deschênes Inc.
Vice President, Finance and Administration
Groupe Deschênes Inc.