News Summary

Montréal-based startup Bo, which offers a turn-key, reusable container platform for food service operators, has been acquired by Québec’s largest recycling cooperative, Tricentris, in a ‘seven-figure’ deal. Founded by Mishel Wong, Bo faced significant challenges over the past year, including layoffs and stalled funding, as the Investissement Québec’s Impulsion PME program was paused. Despite these obstacles, Bo managed to achieve profitability by adjusting its business model and is now set to become a division of Tricentris. This acquisition will leverage Tricentris’ existing infrastructure, expanding Bo’s reach to 190 member municipalities. Wong and her executive team will join Tricentris, allowing them to focus on long-term impact over survival.