Enercare Acquires HydroSolution
August 23, 2022 | By Logan Caswell
The transaction marks Enercare’s first acquistion in Quebec, where HydroSolution serves more than 275,000 customers.
(Photo provided by: Enercare)
Enercare has announced the acquisition of HydroSolution, a Quebec provider of water heaters, heat pumps, electric vehicle charging stations and other household equipment.
The transaction marks Enercare’s first acquisition in Quebec, where HydroSolution serves more than 275,000 customers.
HydroSolution was created by Hydro-Québec in 1958 to promote the use of electricity throughout the province by offering an electric water heater rental service to all Quebecers. In 2005 it became a privately-owned company, but its original purpose remained the same: to offer water heater rentals, sales and installation services to a variety of customers including homeowners, tenants, condo managers, real estate investors and contractors.
“Today’s announcement is a tremendous milestone for Enercare and HydroSolution, one that signals our shared commitment to growth, sustainability and exceptional customer service,” said Nick Perreten, Enercare’s Chief Revenue Officer. “Together, Enercare and HydroSolution will unite and grow our expertise to meet the evolving needs of Canadian home and building owners.”
HydroSolution will continue to operate in Quebec under the same name, with the same senior management team and approximately 100 employees.
Enercare’s announcement follows other recent acquisitions including Syles Mechanical, a commercial home services provider from Tecumseh, Ontario and Elite Heating, from Edmonton.
