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Majority stake · Closed Feb 2018

Engie Services acquires remaining stake in Quebec controls firm Les Controles AC for North American expansion

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Relationship map for Engie Services acquires remaining stake in Quebec controls firm Les Controles AC for North American expansionparent ofEngie Services: PlatformESEngie ServicesLes Controles AC: Operating CompanyLCLes Controles AC
Operating CompanyPlatform

Parties

Acquirer
Engie Services
Platform
Target
Les Controles AC
Operating Company

Summary

Engie Services acquired Quebec-based building-automation controls company Les Controles AC, in which it had held a 50% interest for over 10 years, to expand its North American operations. Strategic corporate buyer, not a PE roll-up.

Primary source