M&A Deal Summary

Ember Infrastructure and La Caisse Acquire H2O Innovation

On October 3, 2023, infrastructure investor Ember Infrastructure and asset manager La Caisse acquired environmental company H2O Innovation for 395M CAD

Acquisition Highlights
  • This is Ember Infrastructure’s 2nd and La Caisse’s 4th transaction in the Environmental sector.
  • This is Ember Infrastructure’s 0th and La Caisse’s 12th largest (disclosed) transaction.
  • This is Ember Infrastructure’s 1st and La Caisse’s 41st transaction in Canada.
  • This is Ember Infrastructure’s 1st and La Caisse’s 38th transaction in Quebec.

M&A Deal Summary

Date 2023-10-03
Target H2O Innovation
Sector Environmental
Buyer(s) Ember Infrastructure
La Caisse
Deal Type Going Private
Deal Value 395M CAD
Advisor(s) Scotiabank - Global Banking and Markets (Financial)
Norton Rose Fulbright (Legal)

Target

H2O Innovation

Quebec City, Quebec, Canada
H2O Innovation is a provider of membrane filtration solutions for water treatment. H2O Innovation was founded in 2000 and is based in Quebec City, Quebec.

Search 214,238 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 2

DESCRIPTION

Ember Infrastructure is a private equity firm focused on acquiring and investing in infrastructure assets that reduce carbon intensity and improve resource efficiency. The Firm targets mid-sized companies and will consider opportunities throughout North America. Specific areas of interest include energy, water, waste, and industrials. Ember Infrastructure was formed in 2018 and is based in New York, New York.


DEAL STATS #
Overall 7 of 8
Sector: Environmental M&A 2 of 3
Type: Going Private M&A Deals 1 of 1
State: Quebec M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2023 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-28 OnSyte

Buford, Georgia, United States

OnSyte develops and operates decentralized wastewater treatment systems that deliver utility-grade service through modular, IoT-enabled technology. The company provides an Infrastructure-as-a-Service model to replace traditional septic systems and expand wastewater access in underserved areas. OnSyte is based in Buford, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-26 Advanced Recycling Technologies

Flemington, New Jersey, United States

Advanced Recycling Technologies is a metals recovery and recycling platform, specializing in the design, installation, ownership and operation of distributed metals recovery systems that are co-located with upstream asset owners to recover and monetize incremental, high-value metals that would otherwise be landfilled. Advanced Recycling Technologies was founded in 2022 and is based in Flemington, New Jersey.

Buy -
Buyer

La Caisse

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1965
PE ASSETS 90.0B CAD
Size Mega
Type Sector Agnostic
DESCRIPTION

CDPQ is a global asset management firm focused on a variety of investing strategies including fixed income, real estate, infrastructure, private equity, venture capital, and public equities. Within private equity, CDPQ looks to acquire significant minority stakes in businesses operating in a variety of sectors and seeks to commit $250 million to $1 billion per transaction. CDPQ was established in 1965 and is headquartered in Montreal, Quebec.


DEAL STATS #
Overall 96 of 106
Sector: Environmental M&A 4 of 4
Type: Going Private M&A Deals 4 of 6
State: Quebec M&A 38 of 45
Country: Canada M&A 41 of 48
Year: 2023 M&A 7 of 9
Size (of disclosed) 12 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-20 Vooban

Quebec, Quebec, Canada

Vooban supports businesses in designing and implementing AI to accelerate digital transformations. The company's mission is to drive organizational innovation, using AI, data, and IoT to develop high-impact applications. Vooban is based in Quebec.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-03 Solutions Beyond Technologies

Montreal, Quebec, Canada

Solutions Beyond Technologies specialized in SAP solution integration and business process optimization. We offer intelligent, practical, and innovative solutions that give our clients a competitive edge, in a timely and cost-effective manner. Solutions Beyond Technologies was founded in 2005 and is based in Montreal, Quebec.

Sell -