Were you looking for the CTEQ to help you sell or take over a business in Quebec? The well-known organization in the Quebec business world is changing its name: the Quebec Business Transfer Center has officially become Repreneuriat Québec . This change comes with a renewed vision and enhanced services.
Why is the CTEQ becoming Repreneuriat Québec?
According to Alexandre Ollive, the organization's president and CEO, Quebec is entering the "decade of takeovers." Nearly 50,000 businesses are considering transferring ownership within five years, according to data presented at the official unveiling of the new name.
This change reflects a new economic reality: the growth of business acquisition as a driver of sustainability for Quebec SMEs. The goal? To better reflect the organization's mission and respond more effectively to the needs of both sellers and buyers.
"We are forced to organize ourselves differently, to respond even more specifically to requests," Alexandre Ollive emphasizes in an interview with La Presse .
An expanded range of services
Repreneuriat Québec isn't just changing its name. The organization is introducing a new personalized support service for businesses generating more than $2 million in annual revenue , mobilizing a team of multidisciplinary experts.
Smaller businesses, for their part, can continue to use the Index platform, which will also be enhanced to enable confidential and rapid networking between buyers and sellers.
Modules for partners (CLD, financial institutions, etc.) will also be integrated into the platform, thus facilitating the business transfer ecosystem in all regions of Quebec.
A strategic issue for Quebec
More than 60% of transferors do not have a formal succession plan. Yet, transferred businesses have a survival rate of more than 80% five years after the transaction – a rate that rises to 87.5% when there is support, according to the organization's data.
Entrepreneurship, in addition to ensuring the continuity of established businesses, stimulates innovation, investment and growth.
TRNSFR: a complementary solution for business transfers
At TRNSFR , we welcome the modernization of the former CTEQ and the creation of Repreneuriat Québec . Our objectives are aligned: to facilitate, structure and accelerate business transfers across Quebec.
But our approach is different: TRNSFR is an independent digital platform , which offers:
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Free tools to evaluate and structure a transaction,
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A certification process supported by tax, legal and marketing experts,
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A visibility showcase for businesses for sale.
Whether you are just starting to think about it or already ready to take action, TRNSFR simplifies and secures each step of the process .
Conclusion: an expected transition, a strengthened ecosystem
The CTEQ's name change to Repreneuriat Québec marks a strategic turning point for Quebec SMEs. The arrival of new services and tools, combined with technological platforms like TRNSFR , paves the way for a more dynamic, efficient, and transparent takeover market.
Do you want to sell or buy a business in Quebec?
👉 Explore opportunities on TRNSFR.ca
