Deschenes Adds 6 Branches with Acquisition of Powrmatic

CEW deschenes powrmatic 400

Nov 3, 2020

Since 1945 the Stamm family has proudly owned Powrmatic of Canada. Despite this 75 yearlong history the time has arrived for the family to transition its ownership and for newleadership to arrive. After a long search for the right partner Marilyn Skony Stamm gladly recommended to the Stamm International Board that it approves the sale of the Company to Deschênes Group. The ownership change is effective as of November 3rd, 2020.

This decision was based on Deschênes Group sharing a similar history, value system, business philosophy and a similar vision for the future. Since 1940, Deschênes Group is a family owned business currently generating C$ 1.5 billion in revenue and employing 2,700 individuals. It is a major player in the distribution of Plumbing, HVAC, Electrical and Waterworks products. Deschênes Group knows that success is driven by its employees, by having a customer centric approach and treating suppliers as partners. It prides itself on a family driven culture and has proven its vision for the future by becoming one of Canada’s Best Managed Companies since 2009.

Powrmatic has branches located in Toronto, London, Montreal, Quebec, and Halifax.

“The sale of Powrmatic of Canada to Deschênes Group marks a new and exciting path forward for the Company. Deschênes Group has acquired Powrmatic of Canada for its people, their experience and talent; its reputation and its track record of success. Under Deschênes Group’ leadership, Powrmatic of Canada’s future is very bright. While we will face many challenges, we look forward to working together to support each other and continue to grow,” said Powrmatic President Claude Lapierre, and Executive VP Lavel Genest via press release.

Powrmatic of Canada will continue to operate just as it has in the past. At this time, the phrase “business as usual” can be applied since there are no short-term changes foreseen in strategy, operations or on how business is done. The Company will become a new business unit under Deschênes Group. The transition should therefore be almost seamless, both internally and externally for customers and suppliers.

Related Articles


Changing Scene

  • HPS Declares Quarterly Dividend for Beginning of 2023

    HPS Declares Quarterly Dividend for Beginning of 2023

    March 14, 2023 The Board of Directors of Hammond Power Solutions Inc. declared a quarterly cash dividend of twelve and a half cents ($0.125) per Class A Subordinate Voting Share of HPS and a quarterly cash dividend of twelve and a half cents ($0.125) per Class B Common Share of HPS payable on March 30,… Read More…

  • NAIT Electrical Engineering Technology Industry Night With Westburne

    NAIT Electrical Engineering Technology Industry Night With Westburne

    On March 13, 2023, Westburne reported a splendid outing the previous week at the NAIT (Northern Alberta Institute of Technology) Electrical Engineering Technology Industry Night, where Brad Benwood, Carrie Mcmurray and Bradley Prostebby of Westburne all shared insights into the world of electrical engineering and the opportunities available at Westburne. Read More…


Peers & Profiles

  • Schneider Electric, a leader in the digital transformation of energy management and automation, is Canada’s top international corporate citizen in 2022. This designation was awarded to Schneider Electric by Corporate Knights, a media and research company committed to advancing a sustainable economy. Read More…

  • The Sonepar Ontario Region is proud to announce the relocation of their SESCO Central Distribution Centre (CDC) to its new location in Brampton, ON. This move has facilitated an amalgamation between Texcan’s large Brampton branch and SESCO’s CDC, as both businesses work together within one facility for the first time. Read More…