Power and Utilities

Kajima invests in Eavor Technologies

CPE News

Kajima Corporation invested in Eavor Technologies becoming second known Japanese company shareholder in Eavor following Chubu Electric Power.

Evercloak secures $2M seed financing

CPE News

Evelyn Allen and Dr. Michael Pope founded Evercloak secured $2M in seed funding led by Bioindustrial Innovation Canada's Sustainable Chemistry Alliance fund with participation of Greensoil Ventures, Groundbreak Ventures, Ontario Centre of Innovation, and private investors.

PE backed Qualus acquires Enkompass Power and Energy

CPE News

New Mountain Capital backed Qualus Corporation acquired Enkompass Power and Energy Corporation from Rene Seipt who remains as a significant shareholder and continues to lead as President and CEO.

Kohlberg & Company backed Myers EPS acquires Storage Power Solutions

CPE News

Kohlberg & Company and Graham Partners backed Myers Emergency Power Systems (Myers EPS) acquired Storage Power Solutions from founders Laszlo Lakatos-Hayward and Mike Oreskovic

Aquatech BM secures $2M funding

CPE News

Félix Bégin and Michel Déziel led Aquatech BM secured $1.7M in funding led by Fondaction with participation of Investissement Québec and $300K in repayable contribution from Canada Economic Development for Quebec Regions (CED).

American Pacific Group closes $77M privatization of Spark Power

CPE News

American Pacific Group completed acquisition of Spark Power Group Inc. for $75M from founding shareholders, Jason Sparaga Andrew Clark and Eric Waxman, and other shareholders.

CIB to provide $210M to Parkland for Canadian expansion of EV charging network

CPE News

Parkland Corporation (TSX: PKI) secured up to $210M of financing from Canada Infrastructure Bank (CIB) to support multi-year growth of its electric vehicle (EV) charging network across Canada.

Recharge Véhicule Électrique secures $6M seed financing

CPE News

David Corbeil and Marie-Pier Corbeil founded Recharge Véhicule Électrique secured $6M seed funding, $2M each from Fondaction, Export Development Canada (EDC) and Investissement Québec.

Eavor secures $90M Series B-1 funding from CGF

CPE News

PSP Investments managed Canada Growth Fund invested $90M in Series B-1 stock in Eavor Technologies Inc., brining Eavor' Series B-1 funding to $149M, joining OMV AG (Vienna: OMV), bp Ventures, Eversource Energy, Vickers Venture Partners.

Oaktree to acquire 27.5% stake in Aecon Utilities for $150M

CPE News

Brookfield's Oaktree Capital Management to invest $150M in Aecon Group Inc. subsidiary, Aecon Utilities Group Inc. for 27.5% stake by way of convertible preferred equity investment.

VC-backed FLO secures $60M revolving credit facility from National Bank

CPE News

CDPQ, Investissement Québec and Energy Impact Partners backed FLO secured a $60 million revolving credit facility from National Bank of Canada's Technology and Innovation Banking Group.

dcbel secures US $50M+ Series B led by Idealist Capital

CPE News

Marc-Andre Forget and Dan Fletcher led dcbel secured US $50M+ Series B funding led by Idealist Capital with participation of Coatue, Volvo Cars, Kevin Mahaffey, Real Ventures and Investissement Québec. Pierre Larochelle of Idealist Capital will join dcbel board.

General Fusion closes 1st tranche of Series F

CPE News

General Fusion raised US $25M in combined 1st close of Series F led by BDC Capital and GIC and grants from Government of British Columbia and Canadian Government's Strategic Innovation Fund (SIF)

TransAlta to re-absorb TransAlta Renewables for $1.38B

CPE News

TransAlta Corporation to re-acquire TransAlta Renewables Inc. for $3.47B or $1.38B to minority shareholders.

Peak Power closes $35M new funding round

CPE News

Peak Power secured US $35M new funding led by Greenbacker Capital Management with participation of Osmington Inc., BDC Capital, Export Development Corporation (EDC), Hatch, Sensata Technologies, and The Atmospheric Fund.

SK ecoplant acquires 20% stake in World Energy GH2’s Project Nujio’qonik

CPE News

SK Group's SK ecoplant invested US $50M to acquire a 20% stake in the first phase of World Energy GH2's Nujio'qonik project which aims to be Canada's first commercial green hydrogen/ammonia producer created from 3+ Gigawatts of wind energy.

DIF Capital Partners acquires Diverso Energy

CPE News

DIF Capital Partners acquired 75% interest directly in Diverso Energy Inc. from founders, Jonathan Mesquita, Sergio Almeida, and Tim Weber, who will retain the remaining ownership and continue to lead the company.

NCP Capital Partners invests in WR Transformers

CPE News

NCP Capital Partners through newly formedNCP Electrical Power LP, with support of Fondaction, acquired a majority stake in WR Transformers Inc. from Christian Roberge who continues to lead the company and as a shareholder.

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