M&A Deal Summary

Astatine Investment Partners Acquires Reliance Home Comfort

On January 1, 2007, infrastructure investor Astatine Investment Partners acquired business services company Reliance Home Comfort

Acquisition Highlights
  • This is Astatine Investment Partners’ 1st transaction in the Business Services sector.
  • This is Astatine Investment Partners’ 1st transaction in Canada.
  • This is Astatine Investment Partners’ 1st transaction in Ontario.
Investment Fate
  • Reliance Home Comfort was sold to a strategic buyer in 2017 for 2.8B CAD.
  • Reliance Home Comfort was sold to a publicly-traded strategic buyer in 2017 for 2.8B CAD.

M&A Deal Summary
Date 2007-01-01
Target Reliance Home Comfort
Sector Business Services
Buyer(s) Astatine Investment Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Reliance Home Comfort

Toronto, Ontario, Canada
Reliance Home Comfort is a provider of affordable, reliable home and business heating, cooling, hot water, water purification, electrical, plumbing & Smart Home products & services. Reliance Home Comfort is based in Toronto, Ontario.

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Buyer(S) 1

Buyer

Astatine Investment Partners

Greenwich, Connecticut, United States
Category Infrastructure
Founded 2005
PE ASSETS 10.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Alinda Capital Partners is a private investment firm specializing in the acquisition of infrastructure assets in North America and Europe. Alinda looks for assets with predictable cash flows, strategic competitive advantages, and limited commodity or merchant risk. Specific sectors of interest include roads, bridges and tunnels; airports, ports and rail; water supply and wastewater treatment; gas transportation, storage and distribution; power generation and electric transmission; and utility services for residential, commercial and industrial customers. Alinda Capital Partners was formed in 2005 and is based in New York City.

DEAL STATS #
Overall 2 of 23
Sector (Business Services) 1 of 5
Type (Buyout (LBO, MBO, MBI)) 1 of 3
State (Ontario) 1 of 2
Country (Canada) 1 of 2
Year (2007) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-08-01 SourceGas

Golden, Colorado, United States

SourceGas LLC, owns and operates regulated local gas distribution companies (LDCs) with operations in Arkansas, Colorado, Nebraska and Wyoming serving over 1.1 million residential, commercial, industrial and agricultural customers. SourceGas also owns a regulated intrastate gas pipeline company in Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-29 South Staffordshire

Walsall, United Kingdom

South Staffordshire is an integrated services group with a highly regarded regulated water supply business covering two separate supply regions (South Staffs Water and Cambridge Water), coupled with the provision of related, non-regulated specialist services within two main divisions, Echo and SSI Services. South Staffordshire was founded in 1853 and is based in Walsall, United Kingdom.

Buy £400M
Mergr

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