PSP Investments, the Public Sector Pension Investment Board, signs a deal to acquire a 50% stake in Enercare Inc. for about $1.6 billion. The transaction involves Enercare, described as a home services or home infrastructure platform company, and is positioned as a way for PSP Investments to expand its Canadian holdings.
Globe and Mail and BNN Bloomberg both focus on the core terms of the purchase—stake size and price—framing it as part of the pension plan’s broader investment activity. PR Newswire highlights the same deal while adding details about PSP Investments’ portfolio scale in Canada, stating its Canadian portfolio currently exceeds $75 billion and is expected to top $100 billion in coming years.
Both PR Newswire versions indicate PSP Investments will partner with Brookfield in connection with the acquisition, linking the stake purchase to continued support for Enercare. Across outlets, the central elements are consistent: the buyer, the 50% stake, Enercare as the target, and the approximately $1.6 billion price.
