Ms Andrée-Lise Méthot, Founder and Senior Partner of Cycle Capital Management (CCM) Inc., is pleased to welcome the Master Group S.E.C. as Limited Partner in Cycle Capital Fund I, a venture capital fund risk capital fund that invests in the Cleantech and renewable energies sector.
The Master Group S.E.C. is a major distributor of refrigeration, air-conditioning and heating equipment. The company has become leader in the residential, commercial, and industrial sectors with innovative products that are at the cutting edge of technology.
As Strategic Partner, Master Group will bring to Cycle Capital, in addition to its financial liabilities; its technical support during the validation of technology as well as business development support to clean technology companies so that they may progress towards mapping them on large scale markets.
Mr. Michel Ringuet, Chief Executive Officer of Master Group stated “The improvement of energy efficiency of our buildings is a paramount factor in streamlining our environment and for the reduction of greenhouse gas effects”, “It lies within all levels of economic speakers to intervene and act within this file, it seems so natural, as distributor, to participate in Cycle Capital Fund I. In addition, to position ourselves as leaders in the promotion and distribution of high energy efficiency equipment, we have decided to invest and to contribute to the rapid rise of innovative clean technologies.”
Mrs. Andrée-Lise Méthot, Founder and Senior Partner of Cycle Capital states that “The contribution and collaboration of industrial investors, such as Master Group, is fundamental in Cycle Capital’s strategy. This partnership enables Cycle Capital to assist entrepreneurs in the development of their company in offering them a better understanding of the commercial validation of their technologies.”
Cycle Capital has invested to this day a total of $18.5M in seven companies and is on the lookout for any investment opportunity which is on the Quebec, Canadian, and in the North Eastern North American.
Investing in clean technologies and renewable energy
Cycle Capital Fund I, L.P.’s mission is to invest in companies developing and commercializing clean technologies and projects in renewable energy generation that are focused on reducing greenhouse gas emissions (GHGs), optimising resources use, and decreasing impacts over their entire life cycle.
About Master Group S.E.C.
Master Group has been a market leader in the fields of refrigeration, air-conditioning and heating for over 55 years. Uncommon energy and a commitment to service are the hallmarks of its 365 employees. With two distribution centres and 14 branches from Eastern Ontario to the Maritimes, the company is the largest independant distributor in Eastern Canada.