The Caisse de dépôt et placement du Québec and Wynnchurch Capital are making a joint equity investment in Groupe Moreau, a contractor specializing in electrical, structural, piping and mechanical services in the industrial sector.
Groupe Moreau has been involved in the construction of structures intended for mining projects in northern Quebec and Ontario, Africa and, most recently, for energy projects in northern Alberta. The company’s head office is located in Rouyn-Noranda, Abitibi-Témiscamingue, and it also has offices in Val d’Or and Edmonton.
“Our company has had momentum for several years now and business is going well, but with these new financial partners, we will be able to step up our growth and even explore new markets elsewhere in Canada and the world,” said Jean-Yves Moreau, chairman of Groupe Moreau.
Normand Provost, executive vice-president of private equity at the Caisse, said that with the demand for natural resources on the rise, Groupe Moreau and similar companies are poised for worldwide growth opportunities.