Caisse de dépôt puts an additional $4 mln to work in CAD Railway Industries
Canadian pension fund manager the Caisse de dépôt et placement du Québec has invested an additional $4 million of equity in CAD Railway Industries Ltd, a manufacturing company servicing the rail, marine, mining, and power generation industries, with a particular focus on rolling-stock repair and refurbishment. The new funding will allow CAD Railway Industries to modernize its equipment and facilities, and diversify its services over the long term. The Caisse has been a backer of the company since 2011, when it made a $7 million investment as part of a management buyout transaction. CAD Railway Industries was founded in 1968 and is based in Lachine, Québec.
12 December 2013•3 mins read
