CDPQ invests C$150M in Pomerleau
December 7, 2022
150.00 Million CAD
On December 7, 2022, La Caisse de dépôt et placement du Québec ("CDPQ") completed its C$150 million investment in Pomerleau Inc. ("Pomerleau"), building off its original investment of C$50 million in 2018. CDPQ’s renewed investment played an important role in Pomerleau’s prior acquisition of Vancouver-based ITC Construction Group and will strengthen its position as it seeks to expedite growth across Canada.
Pomerleau, based in Saint-Georges, Quebec, is one of Canada's leading construction companies with nine offices across the country.
CDPQ is a long-term institutional investor that manages several public and parapublic pension plans and insurance programs.
McCarthy Tétrault advised Pomerleau with a team led by Hadrien Montagne that included Clemens Mayr, Alexis Hudon, Charles Étienne Pressé, Mariya Voloshyn, Étienne Guertin (Business), Christian Meighan, Marie-Soleil Landry, and Geneviève D. Favreau (Tax).