MONTRÉAL – February 1, 2023 – Groupe HD Immobilier, a real estate developer with an established reputation in Québec, is proud to announce the acquisition and integration of Praxis Construction, effective January 1, 2023. The residential construction industry has been particularly impacted over the past few years, and general contractors have had to be vigilant and rigorous in order to provide quality homes while respecting construction schedules and costs. With this in mind, Groupe HD Immobilier and Praxis have decided to join forces to ensure a stronger link between development and construction operations.
“This partnership is about performance and efficiency, and I am very pleased that we are becoming a division of Groupe HD Immobilier,” says François Beaulieu, Eng., MBA, CPA, President of Praxis Construction. “This merger of our areas of expertise will make us more efficient and, in turn, more competitive in the marketplace.”
For Groupe HD Immobilier, the acquisition represents an important competitive advantage that will allow them to offer integrated and efficient service to all their partners and, above all, ensure optimal financial and operational rigour.
“Nowadays, one of the most effective ways to react to unforeseen market events is to integrate business lines,” notes Thomas Dufour, CPA, CFA, M.Sc. , Co-President of Groupe HD Immobilier, adding: “This acquisition fits perfectly into our mandate with our partners and clients.”