Macquarie and Ontario Teachers' completed the acquisition of a 32% stake in Puget from CPPIB.

Macquarie, an Australian multinational independent investment bank, and Ontario Teachers' Pension Plan, a provider of pension services for teachers, completed the acquisition of a 32% stake in Puget Holdings, a holding company that distributes electricity and natural gas, from Canada Pension Plan Investment Board, an investment management company. Financial terms were not disclosed. "Puget will play a key role in decarbonizing Washington State’s power generation and assisting local industries and consumers to lower their carbon footprints, which is aligned with our own net zero ambition and focus on helping our portfolio companies transition to and thrive in a low-carbon economy," Dale Burgess, Ontario Teachers Senior Managing Director of Infrastructure & Natural Resources.