Date Closed

July 11, 2024

Lead Office

Montréal

Value

1.35 Billion CAD

On July 11, 2024, Héroux-Devtek Inc. announced that it had entered into an arrangement agreement with an affiliate of Platinum Equity Advisors, LLC ("Platinum Equity") for the sale of its business for C$1.35 billion. Pursuant to the agreement, Platinum Equity will acquire all the issued and outstanding common shares of Héroux-Devtek Inc. In connection with the proposed acquisition and pursuant to discussions with Caisse de dépôt et placement du Québec ("CDPQ"), Platinum Equity said Héroux-Devtek will maintain and invest in its headquarters and other operations in Québec, including its manufacturing operations.

Héroux-Devtek Inc., headquartered in Longueuil, Quebec, specializes in design, development, manufacturing, and repair in the aerospace industry.

McCarthy Tétrault is advising CDPQ with a team led by Patrick Boucher and Louis-Charles Filiatrault (Business) that includes Raj Juneja and Marie-Soleil Landry (Tax).