SADC Bellechasse-Etchemins Supports the Succession of J.L. Asselin (1990) Inc. in Saint-Magloire

07 / 10 / 2026

A Business Succession Focused on Continuity and Local Know-How

Saint-Magloire, October 5, 2026

J.L. Asselin (1990) Inc., a well-established local grocery store in Saint-Magloire, is beginning a new chapter under the ownership of Gilles Philippe Gagnon and Nadia Coffey, with the support of SADC Bellechasse-Etchemins.

For over 20 years, this family-run grocery store has stood out for its artisanal know-how. Known for its butcher service, its homemade sausages and its prepared meals, it offers the Saint-Magloire community a full range of products and services under one roof.

To support this business transfer, SADC Bellechasse-Etchemins provided total financing of $125,000: $100,000 under Regular Loans and $25,000 under Transfer Strategy. This contribution completed the financing structure needed for the acquisition.

“The people of Saint-Magloire have relied on this grocery store for over 20 years, and we want to maintain that trust. We want to preserve that know-how while allowing it to evolve alongside the community,” say Gilles Philippe Gagnon and Nadia Coffey, the new owners of J.L. Asselin (1990) Inc.

About SADC Bellechasse-Etchemins

SADC Bellechasse-Etchemins supports local economic development by financing and supporting businesses and communities. It acts as a growth partner for entrepreneurs in the region and promotes an innovative and sustainable economy.

Canada Economic Development for Quebec Regions supports the SADC.

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Source :
Édouard Bérubé-McGee, Business Advisor
SADC Bellechasse-Etchemins

418 642-2844 poste 104
[email protected]