08:50 AM EDT, 03/25/2026 (MT Newswires) -- Renewable energy company Boralex ( BRLXF ) Wednesday entered into a definitive arrangement agreement that will see Brookfield and Quebec-based investment group La Caisse acquire all of its issued and outstanding Class A common shares for a price of $37.25 in cash each.

A statement noted the transaction implies a total enterprise value of $9.0 billion ($9.7 billion on a combined basis), including project and corporate-level indebtedness. This represents a 13 times 2026 estimated consensus EBITDA on the combined total enterprise value.

Boralex ( BRLXF ) said the transaction follows an extensive review undertaken by a special committee comprised entirely of independent directors of its board of directors to maximize shareholder value, finance its strong pipeline and position it for its next phase of growth. Boralex ( BRLXF ) added the transaction provides it with the "support of long-term investors aligned with its business model and growth ambitions."

Under terms, Boralex ( BRLXF ) will operate independently following close of the transaction.

Shares in Boralex ( BRLXF ) gained 7.5% yesterday amid talk of a deal like this being finalized.