CDPQ invests in fiber in the United States

Caisse depot et placement du Québec (CDPQ) has invested $ 190 million in Everstream Solutions, an American fiber optic telecommunications company for businesses, which has seen significant growth in recent years.

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The transaction will support the expansion of the fiber network in the Midwest and Atlantic Rim regions of the United States.

“With our financial partners who understand what we’re doing and focus on Everstream’s long-term growth, we can build vital infrastructure and use the large fiber optic network to build lasting value for our corporate customers,” said Broad Lindsay, CEO of Everstream. In a statement on Thursday.

Founded in 1024 and headquartered in Cleveland, Ohio, the company has more than 5,000 network and connection locations across 63 data centers located in 10 US states.

“Meeting the growing need for capacity and connectivity and expanding digital infrastructure in both rural and urban areas is crucial for businesses to compete in today’s economy,” said Mark Germier, CDPQ’s senior vice president and head of fixed income.