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M&A Deal Summary

Enercare Acquires Syles Mechanical

On January 18, 2022, Enercare acquired business services company Syles Mechanical

Acquisition Highlights
  • This is Enercare’s 2nd transaction in the Business Services sector.
  • This is Enercare’s 3rd transaction in Canada.
  • This is Enercare’s 3rd transaction in Ontario.

M&A Deal Summary
Date 2022-01-18
Target Syles Mechanical
Sector Business Services
Buyer(s) Enercare
Deal Type Add-on Acquisition

Target

Syles Mechanical

Tecumseh, Ontario, Canada
Syles Mechanical provides high-quality home comfort services to Windsor and Essex County residents and business owners. The company installs, services, and repairs furnaces, air conditioning units, boilers, and water heaters from all manufacturers in the industry. It also offers a variety of indoor air quality and maintenance services for residential and commercial properties as well as plumbing and electrical services. Syles Mechanical was formed in 1967 and is based in Tecumseh, 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 4 of 4
Sector: Business Services M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 2
State: Ontario M&A 3 of 3
Country: Canada M&A 3 of 3
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-07 Service Experts

Richardson, Texas, United States

Service Experts LLC is a provider of HVAC services, including inspections, maintenance, sales and equipment installation.

Buy $341M
Mergr

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