Divestiture • Energy Services and Equipment

Provident Acquires PowerStream Energy Services

On October 7, 2025, Provident acquired energy services and equipment company PowerStream Energy Services from Alectra

Acquisition Context
  • This is Provident’s 1st transaction in the Energy Services and Equipment sector.
  • This is Provident’s 1st transaction in Canada.
  • This is Provident’s 1st transaction in Ontario.

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M&A Deal Summary

Date October 7, 2025
Target PowerStream Energy Services
Sector Energy Services and Equipment
Buyer(s) Provident
Sellers(s) Alectra
Deal Type Divestiture

Target Company

PowerStream Energy Services

Vaughan, Ontario, Canada
PowerStream Energy Services is a provider of sub-metering and billing solutions to developers, condominium boards, property managers, and property owners. PowerStream Energy Services is based in Vaughan, Ontario.
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Buyer Overview 1

Buyer

Provident

Concord, Ontario, Canada

Category Company
Founded 1985
Sector Energy Services and Equipment
DESCRIPTION

Provident is a provider of Energy Services Company (ESCO) in the greater Toronto area. Provident specializes in the multi-residential market with an emphasis on high rise condominiums. Provident was founded in 1985 and is based in Concord, Ontario.


Deal Context for Buyer #
Overall 1 of 1
Sector: Energy Services and Equipment 1 of 1
Type: Divestiture 1 of 1
State: Ontario 1 of 1
Country: Canada 1 of 1
Year: 2025 1 of 1

Seller Profile 1

SELLER

Alectra

Mississauga, Ontario, Canada

Category Company
Sector Energy Services and Equipment
DESCRIPTION

Alectra is an energy holding company that operates regulated electricity distribution and related energy services across Ontario through its subsidiaries. Alectra is based in Mississauga, Ontario.


Deal Context for Seller #
Overall 1 of 1
Sector: Energy Services and Equipment 1 of 1
Type: Divestiture 1 of 1
State: Ontario 1 of 1
Country: Canada 1 of 1
Year: 2025 1 of 1