Each week, we provide an overview of insider trading, investments in local businesses and news from listed companies.
They receive $2.1 million thanks to options
Photo from CGI website
Three members of CGI’s senior management have together pocketed nearly $2.1 million by exercising stock options in the Quebec multinational in recent days. Tim Hurlebaus (photo), the head of the private sector and local governments in the United States, made a profit of more than $1.1 million while Guy Vigeant, the president for Canada, cashed in a gain of nearly $525,000. As for Dave Henderson, the head of global intellectual property solutions, he made more than $430,000. The title of the computer consulting firm reached a new all-time high of nearly $126 on the Toronto Stock Exchange this week.
Pearson Pelletier sold to Americans
The SME Pearson Pelletier Télécom (PPT) of Sainte-Catherine, in Montérégie, has accepted an offer to purchase the company Centerline Communications of Massachusetts. The value of the transaction was not disclosed. Founded in 2015, PPT offers line and antenna installation services to companies such as Bell, Rogers, Telus and Videotron. PPT is the former subsidiary of a construction company founded in 1989 by André Pearson and Richard Pelletier. In their early days, the two entrepreneurs specialized in… landscaping.
Fresche buys in Illinois
Montreal-based IT firm Fresche Solutions recently snapped up Illinois-based Silveredge Consulting for an undisclosed sum. Founded in 1986 by Andy Kulakowski, Fresche presents itself as “the world’s largest supplier of solutions” for the IBM i operating system for servers. The company has more than 300 employees, offices in five countries and more than 2,200 customers worldwide.
A big win for the big boss of TFI
Photo from TFI International website
Alain Bedard (photo), the CEO of TFI International, cashed in more than $5.8 million by exercising options on the Quebec trucking company last week. Chief Financial Officer David Saperstein made a profit of more than $700,000 the same way. Last year, Mr. Bédard received more than $25 million through options. TFI’s stock has gained more than 25% since the start of 2023 and recently hit a new all-time high.
Ontarians acquire an Abitibi firm
Green Shield, an Ontario non-profit organization founded in 1957, announced this week the acquisition of the SME BCH Consultants of Rouyn-Noranda. In business for more than 25 years, BCH offers psychological support programs to employees of several companies. It says it has more than 100,000 customers in Quebec, Ontario and Nunavut.