From Pulse 2.0 · Amit Chowdhry · · 1m 10s
PSP Investments Acquires Enercare Stake
PSP Investments secures 50% stake in Enercare for C$1.6 billion to boost Canadian infrastructure portfolio.
In brief
PSP Investments secures 50% stake in Enercare for C$1.6 billion to boost Canadian infrastructure portfolio. PSP Investments acquires 50% of Enercare for C$1.6 billion to expand its Canadian infrastructure holdings. Originally reported by Pulse 2.0.
PSP Investments Acquires Enercare Stake
PSP Investments has entered into an agreement to acquire a 50% ownership interest in Enercare from Brookfield and its institutional partners for approximately C$1.6 billion.
Enercare's Business Scope
Enercare supplies essential household and commercial equipment including water heaters, heating and cooling systems, water purification products, and related maintenance services.
Enercare's Customer Reach
The company serves more than 1.4 million homes and businesses throughout Canada with operations concentrated in Ontario and Quebec.
PSP's Infrastructure Strategy
The transaction will expand PSP Investments' domestic infrastructure portfolio and establish a shared ownership arrangement with Brookfield in one of Canada's largest providers of residential and commercial infrastructure services.
PSP's Investment Context
PSP Investments managed approximately C$320.6 billion in total net assets as of March 31, 2026, with over C$75 billion in Canadian gross assets under management.
Transaction Completion Timeline
Completion is expected during the first half of 2027, subject to customary regulatory approvals.
The headline
PSP Investments acquires 50% of Enercare for C$1.6 billion to expand its Canadian infrastructure holdings.
