HVAC services company acquired by Enercare
June 15, 2016
Enercare Inc. and its wholly-owned subsidiary, Enercare Solutions Inc., a home and commercial HVAC services and energy solutions company, recently announced that Enercare Solutions had completed its acquisition of SEHAC Holdings Corporation (“Service Experts“). The transaction was completed by way of a merger of an indirect wholly-owned subsidiary of Enercare Solutions with Service Experts.
“This is a defining acquisition for Enercare,” said John Macdonald, president and chief executive officer of Enercare. “North American expansion has been part of our strategic roadmap and is a natural extension to our business. Through Service Experts we emerge as a North American market leader, creating new opportunities for growth and broadening our scope from Canada to North America while driving considerable incremental value for shareholders.”
Enercare is headquartered in Toronto, ON and has approximately 1000 employees. It provides water heaters, furnaces, air conditioners and other HVAC rental products, plumbing services, protection plans and related services to more than 1.2 million customers. Enercare is also the largest non-utility sub-meter provider, with electricity, water, thermal and gas metering contracts for condominium and apartment suites in Ontario, Alberta and elsewhere in Canada, and through its Triacta division, a premier designer and manufacturer of advanced sub-meters and sub-metering solutions.
ABOUT SERVICE EXPERTS
Founded in 1996, Service Experts is a provider of HVAC service, repair, maintenance, new equipment sales and related services to residential and commercial customers in 29 states in the U.S. and three provinces in Canada. Headquartered in Dallas, TX, Service Experts has 90 locations, 41 of which are located in large U.S. metropolitan areas. Approximately 2800 employees serve approximately 2000 homes and businesses, on average, each working day. The segments of the market served by Service Experts include: residential HVAC service and replacement; ancillary residential home services, including plumbing, indoor air quality and energy audits; commercial HVAC service, maintenance and replacement for both light commercial customers and national accounts; and HVAC installation in commercial and residential new construction.