CAI Capital Partners and British Columbia Investment Management Corp. have bought a majority interest in Terasen Water and Utility Services from Terasen Inc., a wholly-owned subsidiary of Kinger Morgan Inc. Terasen Water and Utility Services is a utility infrastructure product and service provider with headquarters in Vancouver, BC.

The growth in the North American utility infrastructu4re business has been strong over the past few years, and the focus on long-term, sustainable utility infrastructure solutions in an industry that requires substantial investment in the coming years was one of the key drivers of the purchase.