The Caisse de dépôt et placement du Québec announced that it has concluded a $4-million equity investment in CAD Railway Industries (CADRI), the largest rolling-stock repair and refurbishment facility in Canada.
This new investment by the Caisse will enable CADRI to finance the modernization of its equipment and facilities so as to diversify its services for the long term, among other things.
Caisse has been a partner of CADRI since 2011, when it made an initial $7-million investment as part of a management buyout of the company.
“By increasing its stake in CAD Railway Industries Ltd., the Caisse is reaffirming its commitment to support a Quebec company that has carved out an enviable position in its industry,” said Normand Provost, executive vice-president of private equity.
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