Enercare closes $341 mln buy of PE-backed Service Experts
Enercare Inc (TSX: ECI) has closed its acquisition of Service Experts, a heating, ventilating, and air conditioning (HVAC) services and repairs specialist based in Dallas, Texas. The deal, which was announced in March, had a US$340.75 million value. U.S. private equity firm American Capital, which sold Service Experts to Enercare, said in a separate statement that it received US$244 million in proceeds, and realized 18 times its investment in the company. Toronto-based Enercare is a home and commercial services and energy solutions provider.
11 May 2016•5 mins read
