A consortium led by Fiera Axium Infrastructure Inc. and composed of Fiera Axium Infrastructure Canada II L.P., Desjardins Group, Manulife, Fonds de solidarité FTQ and Industrial Alliance has acquired Montreal Gateway Terminals Partnership (MGT) from Morgan Stanley Infrastructure Partners.

“In Morgan Stanley Infrastructure Partners, MGT has had a great investment partner and I am pleased that Fiera Axium takes the same collaborative, committed approach,” explained MGT CEO Michael Fratianni. “These are local players with a long-term perspective and a commitment to regional economic development. They are dedicated to benefitting the entire port of Montreal by investing in capital projects to further improve capacity, efficiency and technology at the terminals. 

“This investment fits well within our core infrastructure strategy as Montreal Gateway Terminals represents an essential infrastructure asset” said Stéphane Mailhot, President and Chief Operating Officer of Fiera Axium Infrastructure Inc. “Our consortium is comprised of partners with a long-term investment horizon and vested interests in the economic development of Greater Montreal, Quebec and Canada. We look forward to partnering with all key stakeholders to promote Port of Montreal’s status as an international trade hub” added Mr. Mailhot.

Fiera Axium is a Montreal-based portfolio management firm dedicated to generating long-term investment returns through investing in core infrastructure assets. Fiera Axium manages dedicated infrastructure funds having in excess of $1.2 billion in assets under management.

BMO Capital Markets acted as Sole Bookrunner and Underwriter for the debt financing raised in conjunction with the transaction. The lending group also includes: Canadian Imperial Bank of Commerce, MUFG, Royal Bank of Canada, la Caisse de dépôt et placement du Québec, and The Bank of Nova Scotia.