Caisse invests $5 mln in Napec's buy of PCT Contracting

The Caisse de dépôt et placement du Québec has invested $5 million in Napec (TSX: NPC), a Drummondville, Québec-based builder of electrical transmission and distribution grids, as well as networks for natural gas utilities. The investment was made as part of Napec's acquisition of PCT Contracting LLC, a service provider to the gas utility segment in New York. The US$33 million deal is expected to strengthen Napec's presence in the United States and increase its service capabilities, the Caisse said. The pension fund has backed Napec since 2011.

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