# PSP Investments Acquires Enercare Stake

> PSP Investments secures 50% stake in Enercare for C$1.6 billion to boost Canadian infrastructure portfolio.
- Title: PSP Investments Acquires Enercare Stake · Pulse 2.0 | Shortify
- Summary: PSP Investments secures 50% stake in Enercare for C$1.6 billion to boost Canadian infrastructure portfolio.
- Keywords: psp investments, enercare, canada, infrastructure, pension investments, c$1.6 billion, 50% stake, Pulse 2.0
- Source: Pulse 2.0 — https://pulse2.com/psp-investments-enercare-50-stake-acquisition-for-c1-6-billion-expands-canadian-infrastructure-portfolio
- Author: Amit Chowdhry
- Published: 2026-11-09T20:26:49+00:00
- Read time: 1 min
- Topics: psp investments, enercare, canada, infrastructure, pension investments, c$1.6 billion, 50% stake, startups, business
## 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.
## Key takeaway

PSP Investments acquires 50% of Enercare for C$1.6 billion to expand its Canadian infrastructure holdings.