# Placements CMI, CDPQ and Fonds FTQ acquire Canam Group's Canadian operations

Placements CMI, CDPQ and Fonds de solidarité FTQ signed a definitive agreement to acquire all of Canam Group's Canadian operations and certain US and overseas assets from American Industrial Partners for over C$840 million. The transaction is expected to close in the coming weeks.

- Type: Acquisition
- Announced: 2020-01-20
- Where: Quebec, Canada, Canada
- Value: $635.0M (840.0M CAD)
- Status: announced
- Products: steel buildings, steel bridges
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Caisse de dépôt et placement du Québec](https://endata.com/companies/322.md) (acquirer)
- [Fonds de solidarité FTQ](https://endata.com/companies/323.md) (acquirer)
- [American Industrial Partners](https://endata.com/companies/7612.md) (partner)
- [Canam Group](https://endata.com/companies/22262.md) (target)
- [Placements CMI](https://endata.com/companies/44668.md) (acquirer)

## Sources

- [newswire.ca](https://www.newswire.ca/news-releases/placements-cmi-marcel-dutil-family-cdpq-and-the-fonds-de-solidarite-ftq-acquire-the-canadian-operations-of-canam-group-816201792.html), 2020-01-20: "This transaction will repatriate control of the company to Québec and allow it to continue expanding, guided by its strong entrepreneurial culture."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.