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How it all began
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Our Story
GROUPE615 started as Locweld Group in 2011 with its first acquisition, a management buyout of Locweld Inc. After growing the company sales by over 30% per year, our strategy evolved and we realized that our strength truly lies in the planning and execution of a strategic plan designed to achieve growth objectives. We are now actively pursuing other companies to acquire entirely or in part.
GROUPE615 is named after Michael Cyr’s family home. 615 is the street address of the home in which he was raised and where his parents continue to live. The founder of Locweld, Morris Fast, was a next door neighbor, who recruited Michael's father in 1978. Maurice Cyr became president of Locweld in 1993. He groomed Michael to take over the company, which occurred in 2011. So we can say that thanks in large part to that address, the Cyr family has gone on to achieve amazing things. With the creation of GROUPE615, we hope to continue to grow and develop the entrepreneurial landscape across Quebec and Canada.
Our mission is to acquire existing businesses and help them evolve in a competitive environment, to help groom future entrepreneurs, and then place the companies we acquire back into the hands of star employees within the organization. Future business owners need ethical financial and strategic partners that won’t handicap the organization through prohibitive interest rates. They need coaches and mentors that are prepared to put the organization and its employees first. Someone that’s prepared to finance ownership buyouts, so we can continue to encourage entrepreneurship. This is why GROUPE615 was created.
GROUPE615 is named after Michael Cyr’s family home. 615 is the street address of the home in which he was raised and where his parents continue to live. The founder of Locweld, Morris Fast, was a next door neighbor, who recruited Michael's father in 1978. Maurice Cyr became president of Locweld in 1993. He groomed Michael to take over the company, which occurred in 2011. So we can say that thanks in large part to that address, the Cyr family has gone on to achieve amazing things. With the creation of GROUPE615, we hope to continue to grow and develop the entrepreneurial landscape across Quebec and Canada.
Our mission is to acquire existing businesses and help them evolve in a competitive environment, to help groom future entrepreneurs, and then place the companies we acquire back into the hands of star employees within the organization. Future business owners need ethical financial and strategic partners that won’t handicap the organization through prohibitive interest rates. They need coaches and mentors that are prepared to put the organization and its employees first. Someone that’s prepared to finance ownership buyouts, so we can continue to encourage entrepreneurship. This is why GROUPE615 was created.