Boralex to be Acquired by Brookfield and La Caisse for $9.0B, Strengthening Growth Plans and Providing Liquidity for Shareholders

Boralex has entered into a definitive agreement to be acquired by Brookfield and La Caisse, with a total enterprise value of $9.0 billion ($9.7 billion on a Combined basis). The transaction provides Boralex with powerful growth levers, strengthens its ability to create long-term value for stakeholders, and implies a 13 times 2026E consensus EBITDA on the combined total enterprise value. Boralex shareholders will receive $37.25 in cash per common share, a 31.8% premium over the March 20, 2026 closing price.