Innergex Renewable Energy - M&A Summary, Ownership, and Business Overview

Renewable EnergyCompany

Innergex Renewable Energy M&A Summary

Innergex Renewable Energy has acquired 6 companies of its own, including 3 in the last 5 years. A total of 2 acquisitions came from private equity firms.

Innergex Renewable Energy’s largest acquisition to date was in 2017, when it acquired Alterra Power for $1.1B. Innergex Renewable Energy has acquired in 2 countries. The Company’s most targeted sectors include renewable energy (100%).

Innergex Renewable Energy Ownership

Who owns Innergex Renewable Energy?

Innergex Renewable Energy is owned by CDPQ. It was acquired on February 25, 2025.

Is Innergex Renewable Energy PE-backed?

Yes. Innergex Renewable Energy is owned by private equity investor CDPQ.

Was Innergex Renewable Energy formerly PE-backed?

Yes. Innergex Renewable Energy was formerly owned by 1 private investor.

Innergex Renewable Energy Business Overview

Where is Innergex Renewable Energy headquartered?

Innergex Renewable Energy is headquartered in Longueuil, Quebec.

What is Innergex Renewable Energy’s revenue?

Innergex Renewable Energy disclosed revenue of 952M CAD for 2024 and 970M CAD for 2023.

How many employees does Innergex Renewable Energy have?

Innergex Renewable Energy has 600 employees.

What sector is Innergex Renewable Energy in?

Innergex Renewable Energy is a renewable energy company.

When was Innergex Renewable Energy founded?

Innergex Renewable Energy was founded in 1990.

M&A Summary

  • M&A Total Activity5
    • M&A Buy Activity5
  • Total Sectors Invested 1
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 3
  • M&A Advisors 4

Innergex Renewable Energy

Innergex Renewable Energy, Inc.

1225 Saint-Charles Street West 10th Floor,
Longueuil, Quebec J4K 0B9
Canada,
(450) 928-2550
www.innergex.com

Innergex Renewable Energy develops, owns and operates run-of-river hydroelectric facilities, wind farms and solar photovoltaic farms and carries out its operations in Quebec, Ontario and British Columbia, Canada, France and Idaho, U.S. Innergex Renewable Energy was founded in 1990 and is based in Longueuil, Quebec.


M&A Summary

Buy vs Sell

Year ≤ '20 '21 '22 '23 '24 '25 T
Buy (0.2/yr) # 4 - 1 - - - 5
vol $1.1B $686M $1.8B
Sell (0.0/yr) # - - - - - - 0
  5
+50012345-2-1670

Most Recent M&A

Company Date Value Type
Aela Energia 2022-02-03 686M USD Add-on Acquisition
Santiago, Chile · www.aelanergia.cl
Etrion Corp. - PV Salvador SpA 2020-05-14 - Divestiture
, Chile
Energia Llaima SpA 2018-05-15 - Add-on Acquisition
Santiago, Chile · www.ellaima.cl
Alterra Power Corp. 2017-10-30 1.1B USD Add-on Acquisition
Vancouver, British Columbia · www.alterrapower.ca
The Walden North Hydroelectric Project 2015-12-15 - Add-on Acquisition
Lillooet, British Columbia
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Renewable Energy 5 (100%) 1.8B (100%) - -
Total 5 $1.8B - -

By Geo

State/Country Buy Value Sell Value
Chile 3 686M - -
Canada 2 1.1B - -
  British Columbia 2 1.1B - -
Domestic 2 (40%) 1.1B (62%) - -
Cross-border 3 (60%) 686M (38%) - -
Total 5 $1.8B - -

Top M&A Advisors

Financial Deals
BMO Capital Markets
1
CIBC Capital Markets
1
SMBC Nikko Securities
1
Legal Deals
McCarthy Tétrault
1

Deal Values

buy # Total
> $1B 1 $1.1B
$100M to $1B 1 $686M
TOTAL $1.8B
Largest Alterra Power Corp.
$1.1B (2017-10-30)

M&A Connections

Deals
Acquired from
Investor(s)
20%
1 (20%)
Strategic(s)
20%
1 (20%)

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