Alphi Capital Partners with RedBlue HeatPumps & Refrigeration
Jordan Owens, said, "We are incredibly excited about partnering with Alphi and the resources and expertise they bring to the table. Their investment in RedBlue will enable us to accelerate our growth, while better serving our loyal employees and customer base."
Marshal Mason, said, "We are very proud of the trust we have built in the local community over the last thirteen years and look forward to continuing to deliver on this promise through the next phase of growth."
"We are thrilled to partner with the RedBlue founders and team to accelerate the next phase of growth," said Andrew Fortier, Partner at Alphi Capital. "This acquisition marks an exciting new chapter, and we look forward to supporting the founders as they continue to grow the business through investments in RedBlue's people, processes, systems and geographic reach."
About Alphi Capital:
Alphi Capital is a Toronto-based private equity firm founded in 2022 by Andrew Fortier and Thecla Sweeney. Alphi targets investment opportunities in the Canadian lower middle market – focusing on business services and high return on invested capital businesses. Alphi brings a programmatic approach to value creation through the firm's in-house team focusing on data analytics, sales force growth, and the execution of buy and build strategies.
About RedBlue HeatPumps & Refrigeration:
RedBlue was founded in 2013 by Jordan Owen and Marshal Mason. RedBlue is a trusted provider of HVAC, plumbing and electrical services to both residential and commercial customers in the Greater Victoria area of Vancouver Island.
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Toronto Sun
2 hours ago
- Toronto Sun
GUNTER: Trudeau cost Canada a chance to get into global LNG game — Trump and U.S. are reaping the benefit
President Donald Trump reads from a paper and European Commission President Ursula von der Leyen listens after reaching a trade deal between the U.S. and the EU at the Trump Turnberry golf course in Turnberry, Scotland Sunday, July 27, 2025. Photo by Jacquelyn Martin / AP Last Sunday, at President Donald Trump's golf resort in Scotland (a.k.a. King Donald's summer palace), Ursula von der Leyen, president of the European Union pledged European countries would buy US$750 billion (over $1 trillion Canadian) of U.S. energy – largely LNG – over the next three years in return for Trump promising to impose only 15% tariffs on the union's member states. This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Don't have an account? Create Account Boy, those American and European trade negotiators must be dunces. Don't they know that three years ago, then-German Chancellor Olaf Scholz made a special trip to Canada to ask our government to sell tens of billions in LNG to his country? Our economic genius of a prime minister, Justin Trudeau rejected Scholz's request because 'there is no business case' for selling LNG to Europe. The Germans almost immediately turned around and signed a 15-year agreement with Qatar for about $1.5 billion a year in LNG from that Gulf state. This past Thursday, the South Koreans made a similar deal with the U.S. — $100 billion (about $138 billion Canadian) in energy over four years, primarily LNG. What's wrong with these countries? Can they not see that the greatest economic mind of the 21st Century, Justin Pierre James Trudeau, had decreed it was foolhardy to sign such agreements? Your noon-hour look at what's happening in Toronto and beyond. By signing up you consent to receive the above newsletter from Postmedia Network Inc. Please try again This advertisement has not loaded yet, but your article continues below. The U.S. deals with the EU and Korea just for LNG are worth about $800 billion Canadian over the next four years. The rest of the sales are for oil and nuclear fuels. A good part of that market might have been Canada's had we not been ruled by a 'green' dreamweaver and eco-cultist who prevented this country from jumping into the world LNG market early in the game. Now the Americans have sucked up a lot of the oxygen in the room, and it will be hard for Canada to get a foothold, even if current Liberal Prime Minister Mark Carney gets off his duff and agrees to more pipelines and LNG ports. Trudeau's thinking (which remains Carney's thinking until the current Liberal government does more than just talk a good game) cost Canada at least $400 billion in investment during the Trudeau decade, drove down our per capita income, dropped us out of the 25 richest countries in the world, distorted our housing market and drove up prices and unemployment. This advertisement has not loaded yet, but your article continues below. Even after the change in prime ministers this year, the OECD still projects Canada will have the lowest level of economic growth of any developed country in the world for at least the next 20 years, because we just can't bring ourselves to do the tough work of becoming an energy superpower. Do you have any idea how much government revenue could be generated from $400 billion? At least $100 billion in corporate taxes and energy royalties. And that doesn't include more income tax collected from more Canadians working at higher-paying jobs. I was being facetious above, of course, when I said Trudeau was an economic genius. I would list him and the economic devastation he wrought as the worst government this country has ever had. He and his woke, 'green' obsessed cabinet dug a huge pit and threw us in it. (Then he trotted off to a Katy Perry concert and date.) This advertisement has not loaded yet, but your article continues below. Mark Carney may sound and look more competent than Trudeau, but is he? Just about half of his cabinet were ministers in Trudeau's cabinet and were just as obsessed as Justin with combatting climate change and shutting down oil and gas. They voted in lockstep with Trudeau for the emission caps, harsh eco regulations, EV mandate, net-zero power grid and opposition to resource development and pipelines. Carney himself spent the better part of a decade, before becoming P.M., acting as the U.N.'s ambassador on 'green' investing (even though in his own portfolio he retained millions of shares in oil companies). He also frequently advocated leaving most of today's proven oil and gas reserves in the ground. Count me skeptical that this leopard has changed his spots. This advertisement has not loaded yet, but your article continues below. Read More Bookmark our website and support our journalism: Don't miss the news you need to know — add and to your bookmarks and sign up for our newsletters here. You can also support our journalism by becoming a digital subscriber. Subscribers gain unlimited access to The Edmonton Journal, Edmonton Sun, National Post and 13 other Canadian news sites. Support us by subscribing today: The Edmonton Journal | The Edmonton Sun. Toronto Blue Jays Homes Sunshine Girls Sunshine Girls Columnists
Global News
2 hours ago
- Global News
Companies taking concrete steps toward capturing revenues from carbon dioxide
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Story continues below advertisement Storing carbon has been the automatic go-to as industry has a wealth of experience doing it at a large scale, said David Sanguinetti, interim CEO at cleantech incubator Foresight Canada. While carbon utilization has the benefit of generating direct revenues from usable products, the economics are uncertain in a lot of cases, he said. 'It's either niche or not great right now with the current state of technology,' he said. 'If you don't have a price on carbon, then a lot of the current concepts that are out there, which are technically feasible — people have done it in the lab, they've proven it out — there isn't an economic driver to make it happen.' Get daily National news Get the day's top news, political, economic, and current affairs headlines, delivered to your inbox once a day. Sign up for daily National newsletter Sign Up By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy The Canadian Gas Association commissioned a report from Foresight Canada last year into the carbon utilization market, which concluded that storing carbon from large industrial emitters is likely to beat out using it — at least for the time being. Foresight sees southwestern Ontario being a good spot for carbon utilization to take root as there are clusters of large emitters and innovation hubs, but little in the way of infrastructure for underground storage like Alberta has. CO2 utilization falls into two categories — direct use or conversion. Direct use includes the long-standing practice of injecting the gas into mature oilfields to draw more barrels to the surface. Story continues below advertisement With conversion, the chemical makeup of the gas is altered to make products like aviation fuel and fertilizer. At a smaller scale, Calgary-based CleanO2 captures the gas from building heating systems and turns it into pearl ash used in its hand soap, shampoo and other products. One of the more promising applications has been using the gas in building materials so it's trapped permanently. Last week, Carbon Upcycling held a groundbreaking ceremony at the Ash Grove cement plant in Mississauga, Ont., where work on a commercial demonstration project is underway. Production is to begin next spring. CarbiCrete, based in Montreal, has developed technology for greener precast masonry and hardscapes — think concrete blocks, retaining walls and paving stones that can be sent to a construction site, not the ready-mix stuff churning in a truck's drum. Concrete is traditionally made up of cement, aggregate like rocks or gravel, and water. 'It's the most abundant manmade substance on the planet,' said Yuri Mytko, CarbiCrete's chief marketing officer. 'But cement has traditionally been the key ingredient and cement is hugely problematic in that it accounts for about eight per cent of the world's greenhouse gas emissions.' CarbiCrete uses steelmaking slag instead of cement, and cures it in a chamber with CO2 instead of applying heat and steam. Story continues below advertisement 'You're left with a concrete product that has the same properties as cement-based concrete, except with none of the emissions associated with it and also with carbon having been permanently mineralized and removed from the atmosphere,' said Mytko. CarbiCrete licenses its technology to concrete product makers and helps them retrofit their plants. Dave Sawyer, principal economist at the Canadian Climate Institute said utilization can work by helping companies generate credits to sell, but it's a relatively small piece of the emissions-reduction picture. Carbon capture, utilization and storage in general has been painted by business and industry as 'one big silver bullet technology,' he said, but there are other emissions-busting approaches that should be getting more attention. For example, sodium ion batteries may be just as technically feasible as carbon capture, utilization and storage — and maybe cheaper. 'But we just keep going to this big lumpy thing … that is really cost prohibitive.' Sinha said carbon utilization gets a fraction of the support and resources of traditional storage projects, whose technology has been around for decades. 'What needs to happen is more support and a larger focus towards deploying these technologies quickly and testing them out. Because right now, just the amount of data — how to build these facilities, how to operate them — very little of it exists.'
Global News
4 hours ago
- Global News
Trade Minister Maninder Sidhu eyes new markets, smaller trade delegations
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Story continues below advertisement Sidhu served four years as a parliamentary secretary in roles reflecting all three branches of Global Affairs Canada: aid, trade and diplomacy. The job saw him represent Canada in trade promotion events in Southeast Asia and security forums in the Caribbean. Sidhu worked as a customs broker before politics — a job that focuses on navigating red tape and tariffs to secure the best rate for trading goods. Sidhu said he plans to visit Brazil soon as the South American country seeks to revive trade talks that kicked off in 2018 between the Mercosur trade bloc and Canada. Get daily National news Get the day's top news, political, economic, and current affairs headlines, delivered to your inbox once a day. Sign up for daily National newsletter Sign Up By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy His predecessor Mary Ng put an emphasis on large trade missions which took months to plan. The minister would sometimes fill a plane with corporate and business leaders, spending a substantial chunk of time in one or two countries. Sidhu said he is hoping to bring smaller delegations of companies with him on his trips abroad, with a focus on specific sectors, 'whether it's South America, Indo-Pacific to Europe, to Africa.' 'Businesses feel like they're heard, but they're also getting higher-level meetings on the opposite side in the countries that we take them into,' he said. Ottawa is navigating its trade ties with China as the two countries work to revive the decades-old Joint Economic and Trade Commission, a forum to sort out trade irritants. Story continues below advertisement China has been roundly accused of engaging in coercive trade practices and of restricting certain commodities or services like tourism during political disagreements with Ottawa. Sidhu said the goal there is to offer 'stability' to industry, with an emphasis on 'how do we work through those challenges, and how do we make sure that those conversations are facilitated.' Sidhu also downplayed the chances of a bilateral trade deal with the United Kingdom. Trade talks collapsed last year over the U.K.'s desire to sell more cheese in Canada and after Britain blocked Canadian hormone-treated beef. Both countries are using a temporary deal put in place after Britain left the European Union, and the U.K. will soon enter a trade bloc that focuses on the Pacific Rim, Sidhu noted. He said Canada would still be open to a full deal. 'If U.K. and Canadian businesses already have access on 99 per cent of the items that we trade, then if we're looking at trade agreements, we need to make sure that we're getting the best value for our negotiations,' Sidhu said. He also said Canada could consider 'sector-specific agreements' with other countries, instead of comprehensive deals that span most industries. 'We are getting very creative in how we can open up more doors,' he said. Story continues below advertisement Sidhu did not name specific countries where Canada might pursue sector-specific agreements. Canada had been looking at a trade agreement with India that would be limited to certain sectors — before Ottawa suspended talks in 2023 following an assassination the RCMP has linked to New Delhi. Ottawa launched security talks with India this spring and agreed to re-establish high commissioners. Sidhu was circumspect when asked when Canada might re-establish trade talks with India. 'This is a step-by-step approach,' he said, adding that the eventual return of top envoys will help 'to carry out those very important conversations.' Sidhu said Global Affairs Canada is still sorting out how Carney's decision to cut spending in all departments will affect the trade branch. 'It's really going to be a focused approach, of where we can make the best impact,' Sidhu said. The Business Council of Canada has urged Ottawa to expand the number of trade commissioners, who provide the contacts on the ground for Canadian companies looking for export opportunities. While Sidhu did not say whether Ottawa's cuts will mean fewer trade commissioners, he said he's heard a clear message from chambers of commerce that these positions are extremely valuable. 'It comes down to return on investments, what programs are working (and) where can we get the best bang for our buck for Canadian industry and Canadian workers,' he said. Story continues below advertisement 'A lot of the business community doesn't even know that (the Trade Commissioner Service) is there to help. And so my job is to help amplify that.'
