The team is based in Chicoutimi, Quebec, and owned by the City of Saguenay.

The team's name, Saguenéens, literally means "People from the Saguenay.

The "Sags", as they are popularly nicknamed, have won the President's Cup twice in their history, in 1990–91 and in 1993–94.

The Sags also participated in the 1997 Memorial Cup, as the host Hull Olympiques had won the QMJHL title that year; the Saguenéens also did not advance past the round-robin that year.

Finally, the Centre Georges-Vézina hosted Memorial Cup festivities in 1988, but the team did not participate as then-current QMJHL rules forced the host team to make it to at least the President's Cup final, which the Saguenéens did not do in that year.