In November 2020, Frontenac, with the help of HSBC, acquired Newterra Group Ltd. – a leader in designing, engineering, manufacturing, and servicing solutions for water, wastewater, stormwater, and groundwater.
“Our interest in Newterra was driven by its ability to provide highly engineered solutions to complex problems facing the water industry. Legacy infrastructure issues, increased awareness, government focus, and inevitable future demands are going to drive this industry for years to come.” ~ Ron Kuehl, Managing Director at Frontenac.
Today, progressive banks like HSBC and forward thinking private equity firms like Frontenac are taking steps to achieve their sustainability goals by investing in companies such as Newterra. Read about HSBC’s drive to Net Zero here.
Read the Economist article here: https://gettonetzero.economist.com/frontenac-first-private-equity-canada-green-loan-principles/?l=100