On June 18, 2024, The Hillcore Group, a leading independent Canadian investment firm, completed the acquisition of CEDA on June 18, 2024. CEDA, a service provider to the industrial sector, had been majority-owned by OMERS since 2005. The transaction value was not disclosed.

This strategic acquisition aligns with Hillcore Group's objectives, enhancing growth opportunities and leveraging combined resources for client value. Kevin Fleury, President & CEO of CEDA, expressed enthusiasm about the potential for expanded reach and capabilities. Greg Tedesco, Managing Director & CFO of Hillcore Group, highlighted the favorable market conditions and praised CEDA's leadership team for ensuring continuity of service.

OMERS' Managing Director, Teresa Lee, acknowledged the nearly two-decade partnership and wished CEDA well in its next chapter. The acquisition reflects Hillcore's commitment to excellence and innovation, welcoming CEDA's 1,500 employees into its portfolio.