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Brookfield and La Caisse sign deal to buy Quebec-based power producer Boralex

On Wednesday, Boralex Inc. announced it entered a definitive arrangement agreement to be acquired by Brookfield and La Caisse for $37.25 per share in cash.
Following a strategic review disclosed on Monday, the deal aims to support Boralex's 'accelerated growth phase requiring significant capital deployment and financial flexibility,' Patrick Decostre said.
The offer represents a 36.4% premium over the March 20 trading price, with Brookfield holding 70% and La Caisse increasing its stake to 30%, implying a $9.0 billion enterprise value.
Expected to close by Q4 2026, the transaction requires shareholder and regulatory approvals; Boralex's Board has unanimously approved the deal and intends to combine the vote with its annual meeting.
With backing from its new owners, Boralex will accelerate development of its 8.2-gigawatt pipeline of wind, solar and battery projects while leveraging 35 years of renewable energy experience across Canada, the U.S., France and the U.K.

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