Clearspring, CDPQ, Desjardins back Telecon's buy of TRJ Telecom
Telecon has acquired TRJ Telecom, an Anjou, Québec-based provider of turnkey solutions and services for the design, deployment, modernization and maintenance of fibre-optic and coaxial networks in Québec and Ontario. Terms weren't released for the acquisition, which includes TRJ Telecom affiliate Telefil. Equity financing was provided by a group of investors that included Clearspring Capital Partners, Caisse de dépôt et placement du Québec and Desjardins Capital. Telecon, a Montréal-based provider of telecommunications network infrastructure services, said the deal strengthens its position in the Canadian market. Two years ago, Clearspring, a Canadian mid-market private equity firm, led a $70 million financing of Telecon.
6 August 2019•4 mins read
