Fengate Asset Management has made a strategic investment in Sussex Strategy Group, a Canadian public affairs and strategic communications firm. The deal, announced via PE Hub, marks a notable expansion for the private equity firm into the advisory sector. Sussex operates from its base in Canada, serving clients across various industries with public policy and communications counsel.

This investment reflects a broader trend of private equity firms seeking growth in professional services, particularly those tied to regulatory and government relations. For Sussex, Fengate’s capital could accelerate its expansion and service offerings. For Fengate, it diversifies its portfolio beyond traditional infrastructure and real estate assets, tapping into the stable, recurring revenue of advisory work.

The financial terms of the transaction were not disclosed. Investors will watch how Sussex leverages this partnership to scale its operations and whether Fengate pursues further acquisitions in the professional services space. The move underscores the increasing value placed on strategic communications expertise in a complex regulatory environment.