Star America Team Exits South Fraser Perimeter Road

New York, December 12, 2016 – Star America is pleased to announce the sale of 100% of its equity interest in the South Fraser Perimeter Road (the “Project”), along with its partners ACS Infrastructure Canada Inc. (“ACS”) and Ledcor Infrastructure Investments Inc. (“Ledcor”), to Connor, Clark & Lunn Infrastructure (“CC&L Infrastructure”) and Régime de rentes du Mouvement Desjardins (“Desjardins”).  Star America will sell 100% of their equity interest in the project. Going forward, ACS will retain a minority equity interest in the Project and a joint venture established by ACS and Ledcor will act as the operation & maintenance provider for the project going forward.