Enercare to be bought by Brookfield Infrastructure for $4.3 bln: Reuters
Canadian home services company Enercare Inc said it would be bought by Brookfield Infrastructure Partners for $4.3 billion as the asset management firm looks to expand its business across Canada, Reuters reported. Brookfield Infrastructure’s offer of $29 per Enercare share represents a 53 percent premium to Enercare Tuesday’s close. 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.
1 August 2018•1 min read
