The CDPQ invests in the engineering company Bouthillette Parizeau

The Caisse de depot et placement du Québec (CDPQ) announced Thursday its role in the pan-Canadian strategic development plan of the engineering firm Bouthillette Parizeau.

The CDPQ invests in the engineering company Bouthillette Parizeau

The Caisse de depot et placement du Québec (CDPQ) announced Thursday its role in the pan-Canadian strategic development plan of the engineering firm Bouthillette Parizeau.

The CDPQ will participate on a minority basis in the new plan of the engineering firm, which works mainly in the sectors of health, education and public, commercial and multi-residential buildings.

However, the total amount of the investment has not been disclosed.

"Our strategic plan is ambitious and the partnership with the CDPQ is an additional means that we are giving ourselves to achieve our objectives, namely to strengthen our position in Quebec, to intensify our development in Canada and to stand out as a leader in engineering of the building from coast to coast,” said the first vice-president of Bouthillette Parizeau, Patrick St-Onge, in a press release on Thursday.

“We will also remain faithful to our DNA, which is a niche firm, renowned for its expertise in the engineering of sustainable and efficient buildings, with a committed, creative and innovative team,” added Dominic Latour, President and CEO of the firm.

This transaction is part of the CDPQ's Ambition ME strategy, which aims to support medium-sized businesses with strong development potential in order to propel them to the next stage of their growth.

"The CDPQ is proud to support a successful Quebec company with a solid reputation in its main markets and strong development potential," said Kim Thomassin, First Vice-President of the CDPQ.

You need to login to comment.

Please register or login.

RELATED NEWS