The Caisse de dépôt et placement du Québec is investing $8.7 million in Canadian architecture and design firm Lemay in the form of a loan.
The financing aims to support the firm’s growth plan and its technology-based innovation efforts, specifically in the field of sustainable design.
Read: Caisse, CPPIB building on investment in engineering firm
“With their expansion into new markets, cutting-edge technological practices and consideration of [environmental, social and governance] factors in their project designs, Lemay meets CDPQ’s pillars for generating long-term growth,” said Kim Thomassin, executive vice-president and head of investments in Quebec and stewardship investing at the Caisse, in a press release. “This refinancing is testament to the support CDPQ offers businesses when development opportunities present themselves.”