CDPQ acquires Plenary Americas from Plenary Group
Caisse de dépôt et placement du Québec (CDPQ) has closed the acquisition of the Plenary Americas from Plenary Group.
With this investment, CDPQ acquires Plenary Americas' operating business, as well as a controlling stake in its existing public-private partnership (PPP) portfolio. With 36 projects, Plenary Americas' leading collection of social and civil infrastructure assets is unique in both its geographic and sectoral diversification.
Plenary Americas is a long-term investor, sponsor, and operator of public infrastructure. It has become North America's leading specialized developer of long-term partnership projects, with a project portfolio of nearly CAD20 billion (US$14.47 billion) across both Canada and the United States, including 36 projects in the health, transportation, defense, justice, education, and government accommodation sectors.
In addition to this investment, CDPQ maintains its close relationship and 20% ownership interest in Plenary Asia Pacific. Plenary Americas and Plenary Asia Pacific will continue to work together closely, sharing knowledge and resources, and potentially exploring new markets.
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