Caisse de dépôt et placement du Québec is investing $5 million in NAPEC Inc., a company headquartered in Drummondville, Que. that builds and maintains electrical transmission and distribution grids, as well as networks for natural gas utilities.

The investment is part of NAPEC’s acquisition of PCT Contracting LLC, an energy service provider in the Greater New York area, according to a press release from Caisse.

Read: Caisse invests in Quebec-based petroleum company

“Since 2011, la Caisse has supported NAPEC’s growth, particularly in the Ontario and U.S. markets,” said Christian Dubé, executive vice-president, Québec at la Caisse.

“Through this new investment, the company will strengthen its presence in the United States and increase its capabilities to serve new clients.”

Read: Caisse acquires outstanding shares of human-machine interface company

Copyright © 2018 Transcontinental Media G.P. Originally published on benefitscanada.com

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