CHANDLER, Ariz., Feb. 6, 2023 /PRNewswire/ — NovaSource Electricity Companies (“NovaSource”), a world wide chief in photo voltaic operations and servicing (“O&M”) companies and a portfolio company of Clairvest Group Inc. (“Clairvest”, TSX: CVG) and OMERS Non-public Fairness, the private fairness arm of OMERS, is proud to announce the appointment of Monthly bill Morneau as the new chairman of the Board of Directors of NovaSource. Mr. Morneau, a outstanding Canadian small business chief, entrepreneur, and former Minister of Finance, provides a prosperity of practical experience and know-how to the NovaSource crew.

“I am fired up to be joining the Board of Directors of NovaSource and to be a part of NovaSource’s mission to changeover the earth to a more sustainable upcoming,” stated Mr. Morneau. “As anyone who has devoted my career to marketing sustainable economic growth, I believe that that NovaSource is at the forefront of the renewable electricity marketplace, with a proven monitor document of providing large-quality and price tag-productive expert services to customers around the globe with more than 21 GW of photo voltaic assets less than management. I search forward to operating with the team to proceed producing a favourable affect on the ecosystem in this new part.”

Mr. Morneau is a important addition to the NovaSource board, combining major experience in each marketplace and authorities. Mr. Morneau’s practical experience includes serving as Canada’s Minister of Finance and a Member of Parliament from 2015 to 2020, in which he performed a vital role in implementing insurance policies to market sustainable financial development and address local climate adjust. From 1997 to 2015, Mr. Morneau served as the Chair and CEO of Morneau Shepell (now LifeWorks). In that function, Mr. Morneau led the company to come to be the greatest human resource services organization in Canada and took the business community on the Toronto Stock Exchange in 2005.

With respect to Mr. Morneau’s new function with the enterprise, Troy Lauterbach, CEO of NovaSource, observed that “NovaSource is honored to have an individual with Bill’s track record and working experience sign up for our crew. Not only is he an attained businessman and chief, but he also has a deep being familiar with of the economic and economic aspect of the renewable strength field.  His management and insight will be a must have to our corporation and our clients as we go on to mature and develop our photo voltaic operations and upkeep products and services.”

Mr. Morneau’s new role is powerful as of January 30, 2023.

About NovaSource Ability Providers

NovaSource Ability Services, a portfolio organization of Clairvest Team Inc. (“Clairvest”, TSX: CVG) and OMERS Private Fairness, the non-public fairness arm of OMERS, is a world O&M companies company for renewable power belongings. NovaSource seeks to retain a environment-class society of protection and integrity, even though creating long lasting partnerships with our prospects and group users. As an impartial, O&M-focused enterprise, NovaSource is poised to give even higher worth in the design, servicing, and management of our customers’ tasks. A lot more information and facts is accessible at www.novasourcepower.com.

About Clairvest

Clairvest’s mission is to associate with business owners to enable them create strategically substantial firms. Founded in 1987 by a team of prosperous Canadian business people, Clairvest is a best performing non-public fairness administration company with about CAD $3.2 billion of capital under management. Clairvest invests its very own capital and that of 3rd get-togethers as a result of the Clairvest Fairness Partners restricted partnerships in owner-led enterprises. Under the existing administration workforce, Clairvest has initiated investments in 59 unique system businesses and created leading quartile overall performance over an extended period of time.

About OMERS Private Equity

OMERS Non-public Equity manages investments globally on behalf of OMERS, just one of Canada’s most significant described reward pension designs, with C$121 billion in net property as of December 31, 2021, including roughly C$19.6 billion in web personal equity financial investment asset publicity. With teams in New York, London, Toronto and Singapore, OMERS Non-public Equity invests across Industrials, Healthcare, Company Services and Know-how, deploying an evergreen money base to husband or wife with robust management groups and transform fantastic companies into marketplace leaders all over the world. www.omersprivateequity.com

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