The Caisse de dépôt et placement du Québec is partnering with private equity firm TorQuest Partners to invest in fence and railing products company Barrette Outdoor Living Inc.
The two investors are partnering with BOL’s owner, les Entreprises Barrette Ltée, which will retain a significant minority interest. Details of the transaction weren’t disclosed.
“With this transaction, CDPQ is delighted to support les Entreprises Barrette, a successful Quebec company, with its evolution and development plan,” said Kim Thomassin, executive vice-president and head of investments in Quebec and stewardship investing at the Caisse, in a press release. “Thanks to its ambitious growth strategy and numerous transformative acquisitions, BOL is now a North American leader in a fast-growing industry. CDPQ’s investment and support will help accelerate the company’s expansion in the coming years, securing its position as a leader.”