Norda Stelo Secures Equity Investment from CDPQ to Propel Sustainable Innovation
Deal News | Mar 19, 2025 | CDPQ
Norda Stelo, a leading Canadian impact engineering firm, has formalized a strategic partnership with Caisse de dépôt et placement du Québec (CDPQ), marking a significant milestone in its pursuit of growth and sustainability. This new partnership involves a $28.1 million equity investment, enabling Norda Stelo to expand its influence in infrastructure, natural resources, and strategic industries while maintaining a focus on sustainable and innovative solutions. With this capital injection, Norda Stelo aims to strengthen its global market presence, particularly in Canada, fostering its mission to lead in asset durability with positive impacts on communities worldwide. CDPQ's transition from a lender to a shareholder reflects its commitment to supporting Norda Stelo's ambitious objectives, aligned with a mutual vision of innovation and sustainability. The partnership builds on established synergies and collaborations, including previous support for local acquisitions. AEC Advisors served as the financial advisor. This marks Norda Stelo's first equity offering in six decades, signifying a pivotal moment for the company.
Sectors
- Infrastructure & Engineering
- Sustainable Development
- Private Equity & Investment
Geography
- Canada – Norda Stelo and CDPQ are based in Canada, indicating the article's primary geographic relevance.
- Québec – CDPQ's focus and operations are headquartered in Québec, and Norda Stelo is a Québec leader.
Industry
- Infrastructure & Engineering – Relevant as Norda Stelo focuses on impact engineering and infrastructure development.
- Sustainable Development – Reflects Norda Stelo's commitment to sustainability and transition to a greener economy.
- Private Equity & Investment – CDPQ's involvement as a private equity firm investing in Norda Stelo.
Financials
- 28.1 million USD – Equity financing amount provided by CDPQ to Norda Stelo.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Norda Stelo | Target Company | Company | A leading impact engineering firm in Canada, focusing on sustainable and innovative solutions. |
| CDPQ (Caisse de dépôt et placement du Québec) | Bidding Company | Company | A long-term institutional investor providing equity investment to Norda Stelo. |
| AEC Advisors | Financial Advisor | Company | Provided financial advisory services for the transaction through its affiliate AEC Transaction Services LLC. |