OMERS sells majority interest in CEDA to Hillcore Group

Goodmans LLP advised OMERS Private Equity Inc., a subsidiary of OMERS, in connection with the sale of its majority interest in CEDA to Hillcore Group.

CEDA has been majority-owned by OMERS since 2005 and the acquisition will enable CEDA and Hillcore Group to leverage their combined strengths, providing greater value to their clients.

CEDA is based in Calgary and specializes in providing industrial maintenance, turnaround and environmental services to clients in the oil and gas, pipeline, power, pulp and paper, chemical, mining, municipal and steel markets. 

OMERS Private Equity manages investments globally on behalf of OMERS, one of Canada’s largest defined benefit pension plans.