CDPQ and the Fonds de solidarite completed the acquisition of Canam Group from American Industrial Partners for c. C$840m.

Caisse de dépôt et placement du Québec, a Canadian pension plan and the Fonds de solidarite, a development capital fund, completed the acquisition of Canam Group, an industrial company that designs and fabricates construction products and solutions, from American Industrial Partners, a private equity firm, for C$840m ($643m). “This transaction will repatriate control of the company to Québec and allow it to continue expanding, guided by its strong entrepreneurial culture. We are delighted to continue working with the Dutil family and support Groupe Canam, a partner of over 25 years,” Charles Émond, CDPQ Executive Vice-President of Private Equity and Strategic Planning.