Enercare shareholders OK $4.3 bln acquisition by Brookfield
Shareholders of Enercare Inc (TSX: ECI), a Canadian home and commercial services and energy solutions provider, have voted in favour of the company's acquisition by Brookfield Infrastructure. The deal, announced in August, would see Brookfield acquire Enercare for $29 per share. It is valued at about $4.3 billion, including debt, and expected to close in Q4 2018. Based in Markham, Ontario, Enercare provides water heaters, water treatment, furnaces, air conditioners and other HVAC rental products, plumbing services, protection plans and related services. It serves about 1.6 million Canadian and U.S. customers annually.
24 September 2018•3 mins read
