Montreal, November 25, 2025 — On September 25, Pembroke Management, a Montréal-based portfolio management firm investing in Canadian growth companies since 1968, inducted Mr. Richard Lord, President, Chief Executive Officer and major shareholder of Richelieu, into its Hall of Fame.
The event, held in Montréal, took the form of an informal conversation between Nicolas Chevalier, managing partner of Pembroke, and Mr. Lord. Pembroke thus highlighted the contribution of this visionary leader from Saint-Damase-de-L’Islet, a Fellow of the Canadian Institute of Management and the Order of Chartered Professional Accountants, who has held leadership positions with high-profile companies. Mr. Lord joins a select group of outstanding entrepreneurs honoured by Pembroke, including Jay Hennick (Colliers, 2024) and Alain Bouchard (Alimentation Couche-Tard, 2023).
“Under Mr. Lord’s leadership, Richelieu Hardware’s revenue increased from $27 million to $2 billion in 2025 thanks to a growth strategy focused on innovation and customer satisfaction, supported by more than 98 acquisitions. As a result of his ambition, Richelieu is now a North American leader in the distribution of products for the construction and renovation industries,” said Nicolas Chevalier.
Mr. Richard Lord said he was moved by this recognition: “Our teams have been working very hard for years to expand our offering and strengthen our presence across North America. This honour reflects on everyone who is part of the Richelieu team.”
A Québec Flagship That Innovates and Creates Wealth
Richelieu is an importer, manufacturer and distributor of specialty hardware and complementary products. The company serves more than 120,000 customers through a network of 119 centres in North America—51 in Canada and 65 in the United States—as well as three manufacturing plants. Richelieu employs more than 3,000 people, nearly 50% of whom are shareholders in the company. The company went public in 1993 with an initial market capitalization of $40 million, which has since increased to over $2 billion.
Pembroke Highlights the Visionary Entrepreneur Behind Richelieu
Pembroke Management provides investment and wealth management solutions to individuals, families, foundations and institutions. Founded in 1968, the firm pays tribute each year to wealth creators who have shaped its six decades of history. By inducting Mr. Richard Lord into its Hall of Fame, Pembroke underscores the value of leadership that combines innovation and discipline. According to Pembroke, Richelieu’s rise illustrates the impact of a long-term vision. The ceremony highlighted Québec’s entrepreneurial culture and the capacity of Québec businesses to shine across North America.
To watch the conversation between Mr. Lord and Mr. Chevalier, see the event video.
Summary video with testimonials: https://vimeo.com/1128964394
Full conversation: https://vimeo.com/1127583737
About Richelieu
North American leader Richelieu Hardware is an importer, manufacturer and distributor of specialty hardware and complementary products for cabinet, furniture, door and window manufacturers and hardware retailers, including big-box renovation stores. The company offers more than 145,000 products sourced from around the world to more than 120,000 customers, served by 119 centres in North America, including 51 in Canada and 65 in the United States. Richelieu also has three manufacturing centres in Canada—Les Industries Cedan Inc., Menuiserie des Pins Ltée and USIMM UNIGRAV Inc.—which complete its offering with finishing products, architectural components and custom solutions, including 3D scanning.
About Pembroke Management
Pembroke Management offers comprehensive investment and wealth management solutions to individuals, families, foundations and institutions. Founded in 1968, Pembroke values alignment with investor interests, accountability, excellence, integrity and humility. Pembroke is owned by its partners and is comprised of two entities, Pembroke Management and its subsidiary, Pembroke Private Wealth Management. To find out more, visit pml.ca.
