CAI Private Equity has sold its stake in sustainable water and energy infrastructure group Corix to Canadian institutional investor British Columbia Investment Management Corporation (bcIMC).
Financial terms of the transaction were not disclosed.
Headquartered in Vancouver, Canada, Corix provides integrated utility infrastructure to communities throughout North America.
“The Corix management team has built a leading North American multi-utility infrastructure provider,” Peter Restler, senior managing partner of CAI said. “We’ve thoroughly enjoyed working with the Corix team and with our co-investor, bcIMC, and wish them the very best in the future.”
Corix is one of several investments that CAI has made in the energy and utility infrastructure sectors, including Feeney Brothers Excavation, Tervita Corporation, GLM Industries and Vista Midstream Solutions. The firm is actively seeking additional investment opportunities within the sector. CAI is currently investing its fourth buyout fund.
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