MONTREAL—The Quebec pension fund CDPQ has announced it is taking a minority stake in the engineering firm Bouthillette Parizeau.
The firm will use the investment to support its strategic development plan, with a focus on green and sustainable solutions, stated a release.
Bouthillette Parizeau has 600 employees and works primarily on buildings in the health, education, public, commercial and multi-residential building segments. The CDPQ statement said the firm is aligned with CDPQ’s interest in sustainable investing, carrying out projects intended to fight climate change including energy efficiency, sustainable development, decarbonization, transportation electrification and energy sharing networks.
Recent projects include work on the Bank of Canada in Ottawa, the Grandir en sante project at the Centre hospitalier universitaire Sainte-Justine, the renewed space at the Biodome, the Humaniti complex, the renovation of the Montreal Tower at the Olympic Stadium and the Stinson ecological transportation centre, built for the Societe de transport de Montreal.
“CDPQ is proud to support a successful Quebec company with a solid reputation in its main markets and strong development potential,” said Kim Thomassin, head of Quebec at CDPQ, in a statement. “The collaboration between CDPQ and Bouthillette Parizeau will allow its team of seasoned professionals to pursue their objectives and their commitment to promising sectors and to further expand the firm across Canada.”