A $10 million investment from Norea Capital enables Quebec-based glass manufacturer Stekar to break into the New England market. Photo: Norea. 

A $10 million investment is enabling a Quebec-based manufacturer and installer of architectural systems to break into the New England market. Norea Capital announced that it is now a shareholder of Stekar, which designs, manufactures and installs architectural systems for glass and aluminum facades in industrial, commercial and multi-residential buildings.

Antoine Auger, Stekar’s CEO and shareholder, says Norea Capital’s investment of nearly $10 million will “enable Stekar to pursue growth in Canada and break into the New England market, particularly with the Multifaçades product, which meets both Canadian and American energy efficiency requirements.”

Stekar, founded in 1993, is based in Beauceville, Quebec. It has an order book worth $40 million and employs 125 workers. To date, its three largest products include the Louis-Philippe-Paré High School ($19.2 million, in progress), Espace Montmorency ($8.6 million) and Solar Uniquartier ($9.4 million).

Norea Capital is an independent private equity manager that works with Canadian mid-market businesses. It supports privately held small and medium-sized enterprises in their growth plans, mergers and acquisitions and business transfers.

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