M&A Deal Summary

Brookfield Acquires Enercare

On August 1, 2018, Brookfield acquired electrical equipment company Enercare for 4.3B CAD

Acquisition Highlights
  • This is Brookfield’s 1st transaction in the Electrical Equipment sector.
  • This is Brookfield’s 4th largest (disclosed) transaction.
  • This is Brookfield’s 2nd transaction in Canada.
  • This is Brookfield’s 1st transaction in Ontario.

M&A Deal Summary
Date 2018-08-01
Target Enercare
Sector Electrical Equipment
Buyer(s) Brookfield
Deal Type Add-on Acquisition
Deal Value 4.3B CAD
Advisor(s) National Bank Financial (Financial)
Davies Ward Phillips & Vineberg LLP (Legal)

Target

Enercare

Toronto, Ontario, Canada
website
Enercare, Inc. is a provider of home and commercial services and energy solutions. Enercare provides water heaters, furnaces, air conditioners and other HVAC rental products, plumbing services, protection plans, and related services to more than 1.2 million residential and commercial customers. Enercare Inc. was founded in 2002 and is headquartered in Markham, Canada.

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Buyer(S) 1

Buyer

Brookfield

Hamilton, Bermuda

website

Category Company
Founded 2007
Sector Utilities
Revenue 8.9B USD (2020)
DESCRIPTION

Brookfield operates long life, high quality infrastructure assets with high barriers to entry and low maintenance capital requirements that generate stable and growing cash flows. Brookfield was founded in 2007 and is based in Toronto, Canada.

DEAL STATS #
Overall 3 of 7
Sector (Electrical Equipment) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (Ontario) 1 of 1
Country (Canada) 2 of 3
Year (2018) 2 of 2
Size (of disclosed) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-04 Enbridge - Western Canadian Midstream Business

Calgary, Alberta, Canada

Enbridge, Inc. - Western Canadian Midstream Business includes 19 natural gas processing facilities with total operating processing capacity of 3.3 Bcf/d and 3,550 kilometers of gathering pipelines, with connectivity to major demand markets including the U.S. Pacific Northwest, U.S. Midwest and Western Canada.

Buy CA$4.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-01 AT&T - Data Center Colocation Operations

Dallas, Texas, United States

AT&T, Inc. - Data Center Colocation Operations is a provider of data center colocation services.

Buy -
Mergr

Product

Company

Legal