Brookfield Asset Management Ltd. and La Caisse have reached an agreement to acquire Boralex Inc., a prominent power producer based in Quebec. This strategic move marks a significant addition to their portfolios.
Details of the Acquisition Deal
The deal involves a cash payment of $37.25 per share, translating to an equity value of approximately $3.8 billion. This investment comes at a time when Boralex has been reviewing various strategic alternatives to bolster its market position.
Shareholder Implications
As part of the agreement, shares of Boralex rose by $2.30, closing at $33 on the Toronto Stock Exchange. La Caisse, which holds around a 15 percent stake in Boralex, has committed to further investments in the emerging private entity. Consequently, La Caisse’s pro forma ownership is expected to increase to 30 percent.
- Brookfield and partners: They will retain a 70 percent ownership stake.
- Approval Process: The transaction is pending shareholder and regulatory approvals, along with customary conditions.
- Expected Closing: The deal is anticipated to finalize by the fourth quarter of this year.
Market Context
This acquisition highlights the growing interest in renewable energy sources and companies engaged in sustainable practices. Boralex’s strengths in power generation align with the strategic goals of both Brookfield and La Caisse.
This report was first published on March 25, 2026, providing timely insights into the developing landscape of the Canadian energy sector.
| Company | Stake | Ownership post-acquisition |
|---|---|---|
| La Caisse | 15% | 30% |
| Brookfield | — | 70% |
