M&A Deal Summary

Enercare Acquires Enbridge Electric Connections

On September 3, 2010, Enercare acquired energy services and equipment company Enbridge Electric Connections for 24M USD

Acquisition Highlights
  • This is Enercare’s 1st transaction in the Energy Services and Equipment sector.
  • This is Enercare’s 3rd largest (disclosed) transaction.
  • This is Enercare’s 1st transaction in Canada.
  • This is Enercare’s 1st transaction in Ontario.

M&A Deal Summary
Date 2010-09-03
Target Enbridge Electric Connections
Sector Energy Services and Equipment
Buyer(s) Enercare
Deal Type Add-on Acquisition
Deal Value 24M USD

Target

Enbridge Electric Connections

Toronto, Ontario, Canada
Enbridge Electric Connections, Inc. is principally engaged in the provision of equipment and services under long-term contracts with customers to allow "smart" sub-metering and remote measurement of electricity and water in multi-unit condominium complexes and apartment buildings in Ontario.

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Buyer(S) 1

Buyer

Enercare

Toronto, Ontario, Canada
Category Company
Founded 2002
Sector Electrical Equipment
Employees4,259
Revenue 1.3B CAD (2017)
DESCRIPTION

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.

DEAL STATS #
Overall 1 of 4
Sector (Energy Services and Equipment) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (Ontario) 1 of 3
Country (Canada) 1 of 3
Year (2010) 1 of 1
Size (of disclosed) 3 of 3
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-25 Direct Energy - Home Services Business

Ontario, Canada

Direct Energy - Home Services Business currently has nearly 1.9 million home services contracts in Ontario, to provide a range of plumbing, heating, ventilation, air conditioning and other related services.

Buy CA$550M
Mergr

Product

Company

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