Instar Asset has tapped former executive Mathieu Ouellet as a new partner, positioning him to steer the firm’s expansion in Quebec. Ouellet, who previously led the province’s real‑estate portfolio at a leading investment group, will focus on deepening the company’s network and securing new deals across the region. The appointment follows a period of rapid growth for Instar, which has already increased its asset base by 15% over the past year.

By adding Ouellet’s local expertise, the firm aims to capture emerging opportunities in Montreal’s commercial market and tap into the province’s growing demand for sustainable infrastructure projects. Analysts say the move signals Instar’s intent to become a dominant player in Quebec’s private‑equity landscape. Next steps include rolling out a targeted outreach program to mid‑cap developers and exploring joint ventures with provincial authorities.

The partnership underscores the importance of regional knowledge in a sector where local relationships often dictate deal flow.