Innovair Solutions receives $150M investment from La Caisse to fund acquisition-led growth

Quebec-based HVAC manufacturer/distributor Innovair Solutions secured a $150M investment from institutional investor La Caisse to support a North American growth-through-acquisition strategy, with an additional $80M financing from Fonds de solidarite FTQ. The founding Beaulieu family remains controlling shareholder.

“Innovair Solutions, manufacturer and distributor of HVAC solutions covering 18 brands including Dettson, Ouellet and Stelpro and more recently [adding Thermo 2000 to its fold](https://www.hpacmag.com/heating-plumbing-air-conditioning-general/quebecs-thermo-2000-to-join-innovair-solutions-family-of-brands/1004145666/), has secured a $150-million investment from La Caisse, a transaction that will support the third-generation, family-owned Quebec-based company’s North American strategy for growth through acquisition.”

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