Each week we provide an overview of insider trading, investing in local businesses and news from public companies.
You get $2.1 million thanks to options
Photo from the CGI website
Three members of CGI’s senior management team have collectively raked in nearly $2.1 million over the past few days through the exercise of stock options at the Quebec multinational. Tim Hurlebaus (photo), the head of private sector and local government in the United States, netted more than $1.1 million, while Guy Vigeant, the President of Canada, netted nearly $525,000. As for Dave Henderson, head of global intellectual property solutions, he earned more than $430,000. The computer consulting firm’s stock hit a new all-time high of nearly $126 on the Toronto Stock Exchange this week.
Pearson Pelletier sold to Americans
Sainte-Catherine, Montérégie-based SME Pearson Pelletier Télécom (PPT) has accepted an offer to buy Massachusetts-based Centerline Communications. The value of the transaction was not disclosed. Founded in 2015, PPT provides 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.
Fresh shops in Illinois
Montreal-based IT firm Fresche Solutions recently acquired Illinois-based Silveredge Consulting for an undisclosed sum. Founded in 1986 by Andy Kulakowski, Fresche presents itself as the “world’s largest provider 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 Bédard (photo), CEO of TFI International, raised more than $5.8 million last week by exercising options on the Quebec transportation company. 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 is up more than 25% since the beginning of 2023 and recently hit a new all-time high.
Ontarians acquire an Abitibi company
Green Shield, an Ontario non-profit organization founded in 1957, announced this week that it has acquired Rouyn-Noranda-based SME BCH Consultants. BCH has been in business for more than 25 years and offers psychological support programs to employees of several companies. It claims to have more than 100,000 customers in Quebec, Ontario and Nunavut.
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