Global private equity firm Cerebrus LLC will invest C$75 million in XNRGY Climate Systems over the next three years.
Greater Montreal-headquartered XNRGY is a newly established heating, ventilation and air conditioning engineering and manufacturing company that aims to lower carbon footprint and energy consumption. Its air handling units will cater to hyperscale and modular data centers, healthcare facilities, clean rooms, grow operations and life sciences facilities.
XNRGY is working on a project to build a 350,000-square-foot facility on a 1.2 million-square-foot site on Montreal's South Shore in three phases. The building is expected to be in operation by the fourth quarter.
Cerebrus targets companies offering sustainable solutions in the energy, supply chain management and digital economy sectors.