News
Brookfield’s Enercare to acquire CDPQ backed HydroSolution
CPE News (8.22.2022) – Enercare Inc., a portfolio company of Brookfield Infrastructure, has signed an agreement to acquire HydroSolution, L.P. (HydroSolution), Quebec’s leading provider of water heaters, heat pumps, electric vehicle charging stations and other equipment for the home.
Closing of the acquisition is subject to certain customary conditions.
HydroSolution was founded in 1958 and has deep roots operating in Quebec. The HydroSolution brand is renowned for its outstanding customer service and will continue to service its loyal customers throughout the province of Quebec. It will continue to operate in Quebec under the same name, with the same senior management team and approximately 100 employees.
HydroSolution is owned by Caisse de dépôt et de placement du Québec (CDPQ), Groupe Confort Inc., and Industrial Alliance Insurance and Financial Services Inc. (iA Financial Group).
In November 2012, CDPQ led investor grouo acquired from Gaz Métro Limited Partnership the entire stake in HydroSolution for $45.5 million.