In a significant move that underscores its commitment to fostering innovation and growth in the architectural systems industry, Norea Capital has acquired a substantial stake in Stekar, a Quebec-based leader in the design and installation of glass, aluminum, and mixed-material building facades.
This strategic partnership marks a pivotal moment for Stekar, as it embarks on an exciting new chapter with the support of Norea Capital and David Drouin, Business Development Manager.
Antoine Auger, CEO of Stekar, expressed his enthusiasm for the partnership, emphasizing the value that Norea Capital brings to the table. With an investment of nearly $10 million, Norea Capital’s backing will propel Stekar’s expansion efforts in Canada and facilitate its entry into the New England market. Auger highlighted the company’s flagship product, Multifaçades™, which not only meets stringent energy efficiency standards in both Canada and the United States but also embodies Stekar’s commitment to quality and innovation.
Raynald Doyon, the visionary founder of Stekar, shared his insights into the company’s evolution and succession planning. With a meticulous strategy in place since 2011, the seamless transition to new leadership under Antoine Auger ensures Stekar’s trajectory towards continued success and growth. Doyon’s unwavering passion for excellence and customer satisfaction has been ingrained into Stekar’s ethos, making it a trusted name in the industry. 
Having completed nearly 1,000 projects across Quebec, Ontario, and the Maritimes, Stekar’s reputation as an urban shaper is well-established. The company’s comprehensive service offering, encompassing design, manufacturing, and installation of architectural systems, has garnered praise from clients and industry peers alike. With a focus on industrial, institutional, and government sectors, Stekar has distinguished itself through its collaborative partnerships with leading general contractors.
The future looks promising for Stekar, especially in light of the company’s strategic positioning in the Canadian market. Luc Ménard, President and Managing Partner of Norea Capital, emphasized Stekar’s growth potential and the favorable environment for energy-efficient building solutions in Canada. With government incentives and a strong commitment to sustainability, Stekar is well-positioned to capitalize on emerging opportunities and expand its presence in the Northeastern United States.
Stekar’s impressive portfolio, including projects like the Louis-Philippe-Paré high school, Espace Montmorency, and Solar Uniquartier, speaks volumes about its expertise and capabilities. With an order book worth $40 million and a team of 125 dedicated employees, Stekar continues to push boundaries and set new standards in architectural innovation. The company’s legacy of excellence, coupled with its forward-thinking approach, ensures that it remains at the forefront of the industry.
Founded in 1993 by Raynald Doyon and Sylvie Poulin, Stekar embodies a legacy of passion, craftsmanship, and innovation. From its humble beginnings to its current status as a trailblazer in architectural design, Stekar’s commitment to excellence remains unwavering. As the company looks ahead to a future fueled by collaboration, innovation, and sustainable growth, the partnership with Norea Capital sets the stage for a new chapter of success and achievement.
In conclusion, the collaboration between Norea Capital and Stekar represents a fusion of vision, expertise, and ambition. As Stekar charts its course towards greater heights, fueled by innovation and a commitment to excellence, the partnership with Norea Capital stands as a testament to the company’s enduring legacy and bright future ahead.
Stay tuned as Stekar continues to shape the urban landscape and redefine architectural possibilities with its cutting-edge solutions and unwavering dedication to quality and innovation.
Source:Norea Capital with additional information added by GlassBalkan
