HAMILTON, ONT. — Modular-facilities provider Fero International Inc. of Hamilton, Ont. has announced early-stage investment from Fengate Asset Management on behalf of the LIUNA Pension Fund of Central and Eastern Canada (LPFCEC).
The closing of the investment will permit Fero to rapidly upscale its business to enable commercialization of its products more quickly, stated a release.
Fero is active in such sectors as health care, disaster relief, housing, mining and defence.
“We are thrilled to welcome LPFCEC and Fengate as strategic investors in our company. This investment will assist with accelerating our ambitious growth strategy,” said Sabrina Fiorellino, Fero’s CEO, in a statement. “The world needs innovative, cost-effective, practical solutions to quickly address major infrastructure challenges and constraints in health care, Indigenous and remote communities and areas hit hard by natural disasters, wars and other major crises.”
“We are proud to support strong female entrepreneurship and invest in female-led companies that will continue to have an impact across Canada and the potential for positive growth on a global scale,” added Joseph Mancinelli, chair of LPFCEC.