- Business
- BMTC Group Inc. (TSX: GBT) manages and operates one of Quebec's largest retail networks for furniture, household appliances, and electronic products through its principal divisions Brault & Martineau, EconoMax, and Tanguay; the company offers a broad range of product categories including living room and bedroom furniture, mattresses, kitchen appliances, consumer electronics such as televisions and audio systems, home accessories, and liquidation merchandise through specialized stores and distribution centers. BMTC Group Inc. serves residential customers across Quebec via approximately 40 retail locations, including flagship showrooms, warehouse outlets like Tanguay L’Entrepôt, and Sleep Gallery centers, with supporting administrative and distribution facilities in Montreal and Quebec City. Founded in 1989 and headquartered at 8500 Place Marien in Montreal East, Quebec, the company focuses exclusively on the Quebec market within the home furnishings and consumer electronics retail sector.
In April 2024, BMTC Group Inc. acquired the RONA distribution center at 2055 boulevard des Entreprises in Terrebonne for $96 million before taxes, inclusive of a lease-back agreement with RONA to generate long-term rental revenues; the company continues optimization efforts, including potential automation renovations and $28.8 million in committed extensions capitalized as investment properties. Additionally, BMTC Group Inc. entered a partnership with Urbania for the development of its property at 500 boulevard Le Corbusier in Laval into multiple residential rental towers, with an estimated total project value of $600 million to be financed 75% via long-term mortgage; this initiative operates through its subsidiary Le Corbusier-Concorde S.E.C., established in 2022, pending municipal permits originally targeted for summer 2025 commencement. These strategic real estate moves complement the company's core retail operations and enhance its investment property portfolio amid steady revenue growth, as evidenced by a $22.8 million increase to $329.4 million for the six months ended July 31, 2025.