Latest news with #LaCaisse
Yahoo
11 hours ago
- Business
- Yahoo
AppDirect Acquires Energy Broker DNE Resources, Supported by La Caisse, Expanding Its Energy Services Portfolio in Canada
Amid compounding energy demands fueled by AI, two acquisitions strategically boost energy services in AppDirect's diverse portfolio of technology solutions available through their partner network MONTRÉAL, June 19, 2025--(BUSINESS WIRE)--AppDirect, the world's leading B2B commerce platform, announced it has acquired Québec-based DNE Resources, a market-leading energy broker focused on Canadian deregulated markets. This follows AppDirect's recent announcement of its Broker Online Exchange (BOX) acquisition, the most flexible retail energy network in North America. Both acquisitions are financed by a CAD 100 million credit facility provided by global investment group La Caisse (formerly CDPQ) and substantially expand AppDirect's reach into the Canadian and U.S. energy markets, fueling its vision of becoming the everything store and lifecycle management platform for all services supporting business success and growth sold through advisors and brokers. Founded in 2009, DNE provides energy solutions for industrial and commercial customers, making it easier to get the right scalable energy strategy in place. DNE has grown to become one of the largest energy management firms in Canada, with more than CAD 250 million in energy spending under management. Through this acquisition, the DNE team will gain access to the BOX My Service Cloud platform and AppDirect's portfolio of value-added services. This allows DNE to offer a truly differentiated go-to-market approach to provide their customers with additional technology solutions, driving new revenue streams and increasing customer loyalty. "One of the most important things we focus on as a business is always doing the right thing. In this case, the right thing for our end customers includes solving their evolving energy needs and expanding our solution set to all products supported in the AppDirect procurement marketplace," said Wayne Burke, Co-founder and CEO of DNE. "We are excited about this growth opportunity for us as a company and for our customers as a community." The acquisitions of DNE and BOX mark a bold step forward in AppDirect's mission to redefine the future of technology procurement. By adding energy solutions to its platform — which already includes cloud, telecom, mobility, hardware, and AI — AppDirect is building a unified procurement marketplace for technology advisors and brokers so that their customers can seamlessly find, buy, and manage everything they need to succeed. "The energy market is undergoing massive changes, presenting significant opportunities for cost savings, sustainability, and innovation," said Nicolas Desmarais, AppDirect's Chairman and CEO. "Backed by our longstanding partner La Caisse, our acquisitions of DNE and BOX are happening at a crucial time when increased AI consumption has skyrocketed energy demands. We are committed to empowering businesses with the tools, insights, and infrastructure required to thrive in a connected, sustainable, and rapidly evolving digital economy." "La Caisse has been a committed partner of AppDirect since 2020, helping them grow through flexible financing solutions to pursue bold, high-potential acquisitions," said Jérôme Marquis, Managing Director and Head of Private Credit at La Caisse. "This latest investment not only reinforces AppDirect's leadership in digital commerce but also drives meaningful economic impact by bringing a Québec energy leader into their platform. We are proud to see our partnership continue to create long-term value in Québec and across North America." DNE Resources and BOX will remain as strong distinct brands in the energy market. Following these acquisitions, customers will continue to receive the high level of service they have come to expect from DNE and BOX. As a result of this acquisition, DNE customers and BOX brokers can access additional technologies or solutions now available to run their businesses more efficiently and effectively. A&D Global Advisors LLC / M&A Securities Group Inc. served as exclusive financial advisors to DNE Resources Inc. in this transaction. To learn more about AppDirect, connect with our team or head to To learn more about DNE, please visit To learn more about BOX, go to About AppDirect AppDirect is a B2B subscription commerce platform company that brings together technology providers, advisors, and businesses to simplify how they buy, sell, and manage technology. More than 1,000 providers, 10,000 advisors, and 5 million subscribers rely on the AppDirect ecosystem of subscription marketplaces to power their innovation, growth, and success. For more information, visit and follow us on LinkedIn. About DNE DNE is an award-winning energy consulting firm that helps clients receive the best value to power their businesses. We develop energy strategies for businesses, schools, non-profits, and government organizations to help them recognize and weigh their energy options. Our portfolio of CAD 250 million in energy spending under management and growing helps us obtain the most competitive prices for each customer. As our portfolio continues to grow, so does our buying power. About Broker Online Exchange Broker Online Exchange (BOX) is the most flexible retail energy network in North America. It meets the needs of commercial customer advisors, energy brokers, and referral partners by providing direct access to North America's top energy suppliers and markets. Broker Online Exchange also provides personalized support and flexible payment plans to its network of energy brokers and partners. About La Caisse At La Caisse, formerly CDPQ, we have invested for 60 years with a dual mandate: generate optimal long-term returns for our 48 depositors, who represent over 6 million Quebecers, and contribute to Québec's economic development. As a global investment group, we are active in the major financial markets, private equity, infrastructure, real estate and private debt. As at December 31, 2024, La Caisse's net assets totalled CAD 473 billion. For more information, visit or consult our LinkedIn or Instagram pages. La Caisse is a registered trademark of Caisse de dépôt et placement du Québec that is protected in Canada and other jurisdictions and licensed for use by its subsidiaries. View source version on Contacts For press inquiries, please contact prforappdirect@
National Post
11 hours ago
- Business
- National Post
AppDirect Acquires Energy Broker DNE Resources, Supported by La Caisse, Expanding Its Energy Services Portfolio in Canada
Article content Amid compounding energy demands fueled by AI, two acquisitions strategically boost energy services in AppDirect's diverse portfolio of technology solutions available through their partner network Article content MONTRÉAL — AppDirect, the world's leading B2B commerce platform, announced it has acquired Québec-based DNE Resources, a market-leading energy broker focused on Canadian deregulated markets. This follows AppDirect's recent announcement of its Broker Online Exchange (BOX) acquisition, the most flexible retail energy network in North America. Both acquisitions are financed by a CAD 100 million credit facility provided by global investment group La Caisse (formerly CDPQ) and substantially expand AppDirect's reach into the Canadian and U.S. energy markets, fueling its vision of becoming the everything store and lifecycle management platform for all services supporting business success and growth sold through advisors and brokers. Article content Founded in 2009, DNE provides energy solutions for industrial and commercial customers, making it easier to get the right scalable energy strategy in place. DNE has grown to become one of the largest energy management firms in Canada, with more than CAD 250 million in energy spending under management. Through this acquisition, the DNE team will gain access to the BOX My Service Cloud platform and AppDirect's portfolio of value-added services. This allows DNE to offer a truly differentiated go-to-market approach to provide their customers with additional technology solutions, driving new revenue streams and increasing customer loyalty. Article content 'One of the most important things we focus on as a business is always doing the right thing. In this case, the right thing for our end customers includes solving their evolving energy needs and expanding our solution set to all products supported in the AppDirect procurement marketplace,' said Wayne Burke, Co-founder and CEO of DNE. 'We are excited about this growth opportunity for us as a company and for our customers as a community.' Article content The acquisitions of DNE and BOX mark a bold step forward in AppDirect's mission to redefine the future of technology procurement. By adding energy solutions to its platform — which already includes cloud, telecom, mobility, hardware, and AI — AppDirect is building a unified procurement marketplace for technology advisors and brokers so that their customers can seamlessly find, buy, and manage everything they need to succeed. Article content 'The energy market is undergoing massive changes, presenting significant opportunities for cost savings, sustainability, and innovation,' said Nicolas Desmarais, AppDirect's Chairman and CEO. 'Backed by our longstanding partner La Caisse, our acquisitions of DNE and BOX are happening at a crucial time when increased AI consumption has skyrocketed energy demands. We are committed to empowering businesses with the tools, insights, and infrastructure required to thrive in a connected, sustainable, and rapidly evolving digital economy.' Article content 'La Caisse has been a committed partner of AppDirect since 2020, helping them grow through flexible financing solutions to pursue bold, high-potential acquisitions,' said Jérôme Marquis, Managing Director and Head of Private Credit at La Caisse. 'This latest investment not only reinforces AppDirect's leadership in digital commerce but also drives meaningful economic impact by bringing a Québec energy leader into their platform. We are proud to see our partnership continue to create long-term value in Québec and across North America.' Article content DNE Resources and BOX will remain as strong distinct brands in the energy market. Following these acquisitions, customers will continue to receive the high level of service they have come to expect from DNE and BOX. As a result of this acquisition, DNE customers and BOX brokers can access additional technologies or solutions now available to run their businesses more efficiently and effectively. Article content A&D Global Advisors LLC / M&A Securities Group Inc. served as exclusive financial advisors to DNE Resources Inc. in this transaction. Article content AppDirect Article content is a B2B subscription commerce platform company that brings together technology providers, advisors, and businesses to simplify how they buy, sell, and manage technology. More than 1,000 providers, 10,000 advisors, and 5 million subscribers rely on the AppDirect ecosystem of subscription marketplaces to power their innovation, growth, and success. For more information, visit Article content . Article content About DNE Article content DNE Article content is an award-winning energy consulting firm that helps clients receive the best value to power their businesses. We develop energy strategies for businesses, schools, non-profits, and government organizations to help them recognize and weigh their energy options. Our portfolio of CAD 250 million in energy spending under management and growing helps us obtain the most competitive prices for each customer. As our portfolio continues to grow, so does our buying power. Article content About Broker Online Exchange Article content Broker Online Exchange Article content (BOX) is the most flexible retail energy network in North America. It meets the needs of commercial customer advisors, energy brokers, and referral partners by providing direct access to North America's top energy suppliers and markets. Broker Online Exchange also provides personalized support and flexible payment plans to its network of energy brokers and partners. Article content About La Caisse Article content At La Caisse, formerly CDPQ, we have invested for 60 years with a dual mandate: generate optimal long-term returns for our 48 depositors, who represent over 6 million Quebecers, and contribute to Québec's economic development. Article content As a global investment group, we are active in the major financial markets, private equity, infrastructure, real estate and private debt. As at December 31, 2024, La Caisse's net assets totalled CAD 473 billion. For more information, visit or consult our LinkedIn or Instagram pages. Article content Article content Article content Article content Article content
Mint
13 hours ago
- Business
- Mint
Canadian Pension Doubles Down on Green Investing With $400 Billion Pledge
(Bloomberg) -- La Caisse, one of Canada's largest institutional investors, is doubling down on its sustainable investing targets after meeting its goals for this year earlier than expected. The pension fund, whose full name is Caisse de Depot et Placement du Quebec, pledged on Thursday to invest $400 billion by the end of the decade in companies committed to decarbonizing their operations and in climate solutions such as low-carbon technologies. 'We are reaffirming our sustainable investing convictions because they are at the heart of our fiduciary responsibility,' Charles Emond, president and chief executive officer of La Caisse, said in a statement. La Caisse is encouraging companies it invests in to adopt 'clear and credible' decarbonization plans 'with a view to long-term value creation and sound risk management for our depositors,' he said. The decision comes amid a fraught political backdrop for sustainable investing. Canada Pension Plan Investment Board has dropped its pledge to achieve net zero emissions by 2050 and Royal Bank of Canada scrapped its sustainable finance commitments in April, just months after leaving the Net-Zero Banking Alliance. As recently as last week, BlackRock Inc., the world's largest asset manager, said it will shut several US-based sustainable funds. Political support for fossil fuels in Canada means pension funds 'will be challenged in their efforts to make smart investment decisions' that account for risks from oil and gas, Shift, a sustainable investment advocacy group, wrote in its quarterly pension report. Bertrand Millot, the head of sustainability at La Caisse, said in an interview that its strategy is rooted in financial rather than altruistic motivations. 'We aren't doing this to save the planet. We are doing this to make money. That is very, very important,' Millot said. There is reason to be bullish about the long-term value of the energy transition, according to Vinay Shandal, global head of sustainable investing at Boston Consulting Group. That's because it isn't only important from a climate perspective; it's also a driver of energy security, industrial competitiveness and access to critical minerals, he said. La Caisse isn't alone in Canada in sticking with sustainable investments: Ontario Teachers' Pension Plan Board said it's moving ahead with its long-term objective of achieving net zero emissions from its investment activities by 2050. Ontario Municipal Employees' Retirement System said it's committed to annual measuring and reporting on its path to net zero by 2050. At British Columbia Investment Management Corp., climate change considerations remain a cornerstone of the investment process, said Jennifer Coulson, BCI's global head of ESG. 'As one of Canada's largest institutional investors, we continue to leverage our size and ownership rights to actively manage climate-related risks and opportunities in our portfolio, including through engagement, proxy voting, and policy advocacy,' she said. (Corrects figure in headline and description of pension fund in second paragraph.) More stories like this are available on
Bloomberg
15 hours ago
- Business
- Bloomberg
Canadian Pension Doubles Down on Green Investing With $400 Million Pledge
La Caisse, one of Canada's largest institutional investors, is doubling down on its sustainable investing targets after meeting its goals for this year earlier than expected. The pension fund, formerly known as Caisse de Depot et Placement du Quebec, pledged on Thursday to invest $400 billion by the end of the decade in companies committed to decarbonizing their operations and in climate solutions such as low-carbon technologies.
Cision Canada
2 days ago
- Entertainment
- Cision Canada
La Caisse creates the Prix La Caisse en art actuel to support mid-career artists in Québec
MONTRÉAL, June 18, 2025 /CNW/ - La Caisse announces the creation of the Prix La Caisse en art actuel to support mid-career artists in Québec. This $25,000 prize will be awarded annually to a visual artist selected by a panel of experts from the cultural sector. Given the lack of honours recognizing mid-career artists in Québec, the Prix La Caisse en art actuel is designed to encourage their long-term professional practice and artistic research, as well as to showcase their work. The selected artist must have at least 20 years of experience in creating contemporary art and have exerted significant influence in their field. They will have had to create works on their own, have peer-recognized skills and disseminate their works in a professional setting. All forms of expression in the visual arts—painting, sculpture, photography and video.—will be considered. "The launch of the Prix La Caisse en art actuel is the start of a new chapter in our commitment to contribute to the vitality of Québec's cultural community on a long-term basis. In bestowing this annual honour, La Caisse wishes to recognize talented artists and shine a light on their works - reinforcing our position as a committed player in this ecosystem," said Marie-Justine Snider, Curator of La Caisse's art collection. Candidates will be selected by an expert panel of recognized figures from the visual arts field, including Bernard Lamarche, curator of contemporary art (1960 to present) at the Musée national des beaux-arts du Québec; Mark Lanctôt, curator in charge of the collection at the Musée d'art contemporain de Montréal; and Anne-Marie St-Jean Aubre, Gail and Stephen A. Jarislowsky Curator of Quebec and Canadian Contemporary Art (1945 to Today). The winning artist's name will be unveiled this Fall. ABOUT THE LA CAISSE COLLECTION The La Caisse Collection consists of 495 works by Québec artists. Most of the works were created between 1948 and the present day. The La Caisse Collection is designed to strengthen access to and participation in cultural life as a lever of social, economic and territorial development. The REM art program and public art projects also contribute to La Caisse's visual arts legacy. ABOUT LA CAISSE At La Caisse, formerly CDPQ, we have invested for 60 years with a dual mandate: generate optimal long-term returns for our 48 depositors, who represent over 6 million Quebecers, and contribute to Québec's economic development. As a global investment group, we are active in the major financial markets, private equity, infrastructure, real estate and private debt. As at December 31, 2024, La Caisse's net assets totalled CAD 473 billion. For more information, visit or consult our LinkedIn or Instagram pages. La Caisse is a registered trademark of Caisse de dépôt et placement du Québec that is protected in Canada and other jurisdictions and licensed for use by its subsidiaries. SOURCE La Caisse
