Caisse de dépôt et Placement du Québec in its $150 million equity investment

On December 7, 2022, Caisse de dépôt et Placement du Québec (“CDPQ”) announced it had invested an additional $150 million in Pomerleau Inc., one of the country's most important construction companies. CDPQ's additional commitment strengthens the strategic partnership between the two organizations as Pomerleau accelerates its growth in Canada. Amongst others, the investment played a significant role in Pomerleau's recent acquisition of ITC Construction Group, a leader in residential construction based in Vancouver.

Caisse de dépôt et Placement du Québec is Québec’s largest institutional investor and manages several public and parapublic pension plans and insurance programs, in Quebec. Ranking amongst the largest institutional investors globally, CDPQ oversees $392 billion in net assets.

Pomerleau is one of Canada’s leading construction companies and a pioneer in sustainable buildings that specializes in building, infrastructure, civil engineering and renewable energy sectors.

Osler, Hoskin & Harcourt LLP advised CDPQ with a team consisting of Niko Veilleux, Véronique Fortin-Latreille, Vincent Legault, Sandra Marple (Corporate), Manon Thivierge, David Wilson (Tax), Richard Wong (Construction), Julien Ranger-Musiol, Jeremy Perron (Employment and Labour), Julien Hynes-Gagné (Environmental), Caroline Stephens, Natasha Vincelli (Real Estate) and Asma Berrak (Financial Services).