Integrated manufacturing and R&D facility currently under construction on the south shore of Montreal
U.S.-based Private Equity Firm Cerebrus Invests in XNRGY, a New and Exciting Player in the North American HVAC Industry
Montreal, January 14, 2020 – Cerebrus, LLC, a global private equity firm, today announced a C$75 million investment over the next three years in XNRGY Climate Systems, a newly formed HVAC engineering and manufacturing company headquartered in greater Montreal. Led by a seasoned team of executives with a combined and diverse industry experience totaling more than 200 years, XNRGY has officially launched a three-phase development project to cater to the needs of commercial and industrial customers across North America. In total, the initiative will create more than 250 new jobs and contribute significantly to the regional economy through the purchase of locally sourced goods and services.
Over the span of the project, XNRGY will build a 350,000 s.f. facility on a 1.2 million s.f. site ideally located on Montreal’s South Shore, near a regional airport and close to several major highways and the U.S. border. Montreal is a strategic choice for XNRGY’s global headquarters, as many cloud providers have migrated to the area in recent years, attracted by optimal pricing, robust fiber-optic infrastructure, and low power rates. The facility is slated to be operational and delivering its first systems by Q4 2020.
The air handling units custom designed and manufactured by XNRGY will target five key markets: hyperscale and modular data centers, healthcare facilities, clean rooms, grow-ops, and life sciences facilities. The aim of these leading-edge, sustainable solutions is to achieve the lowest power usage effectiveness (PUE) rating in the world.