On February 17, 2021, Groupe Turcotte and Home Hardware Stores Limited announced the acquisition of Quebec-based home improvement retailer Patrick Morin Inc. The deal will see Group Turcotte and Home Hardware Stores Limited purchase 21 stores and one Distribution Centre in the province of Québec, effective February 17th.

Groupe Turcotte is owned by Louis Turcotte, an independent and experienced Home Hardware Dealer-Owner who has been in the Quebec home improvement industry for over 30 years. His partners include Daniel Gervais and Pierre Beauchamp. Groupe Turcotte currently employs more than 200 employees and operates 7 Home Hardware retail stores in Marieville, Blainville, Pointe-aux-Trembles, Montreal, Laval, Saint-Lin-Laurentides, QC and Stittsville, ON.

“We are honoured to have worked with Patrick Morin, a company with a strong reputation and deep roots in communities across Quebec,” said Mr. Turcotte in a press release. “As we carry on the legacy of a truly Québécois company, Patrick Morin will continue to operate with a head office in the province and in partnership with Home Hardware, an independently owned and operated Canadian company. It is our priority to provide excellent service and products to the communities in which we are located.”

Founded in 1960, Patrick Morin is recognized as a leader in the construction and renovation industry in Quebec, providing quality products and services to consumers and contractors. The company has 1,700 employees.

“We recognize that Quebec is a unique market and we believe that partnering with such a strong, made-in-Quebec brand will continue to give us a competitive edge as we work with Groupe Turcotte and the Patrick Morin team to strengthen our Merchandise programs,” added Kevin Macnab, President and CEO of Home Hardware Stores Limited, in the press release. “This Dealer-focused transaction strengthens the program for all Home Dealers and Patrick Morin by leveraging Home’s national scale with Patrick Morin’s position and expertise in Quebec.”

Patrick Morin stores will continue to operate under the existing Patrick Morin banner and branding.

“This partnership demonstrates our commitment to growth in the province of Quebec and the strength of our independent Dealer-owned and operated model,” continued Christine Hand, Chairman of the Board, Home Hardware Stores Limited. “We look forward to working with Louis Turcotte, an experienced entrepreneur, Patrick Morin, a well-respected retailer, and our strong base of Quebec Dealer-Owners to support our mutual growth and success.”

From Patrick Morin: 

For the members of the Morin family, it is an adventure that is coming to an end; an adventure written by three generations. The Morin family would like to thank each and every employee individually for their work, commitment and loyalty throughout the years. Also, a special thank you to the thousands of clients who have also placed their trust in Patrick Morin over the years and finally, we would also like to thank all our suppliers and business partners with whom we have built solid relationships over the years.

ILDC Announcement

On February 18, ILDC announced that as result of this acquisition, Patrick Morin Inc. will no longer be a member of ILDC and Spancan and “no Patrick Morin Inc. purchases as of February 17, 2021 are eligible for either ILDC or Spancan terms, conditions, pricing or product allocation. All rebates eligible on purchases prior to this date, should still be paid to ILDC or Spancan as per the terms of the agreements in effect.  The Morin family has been a long time and important contributor to ILDC and we wish the family all the best.”