# IFM Investors and Ontario Teachers' acquire Enwave Energy's Canadian district energy operations

IFM Investors and Ontario Teachers' Pension Plan Board jointly acquired a 100% interest in the Canadian district energy operations of Enwave Energy Corporation from Brookfield Infrastructure for C$2.8 billion enterprise value. Each will own 50%.

- Type: Acquisition
- Announced: 2021-02-02
- Where: Toronto, London, Windsor, Charlottetown, Canada
- Value: $2.20B (2.80B CAD)
- Status: announced
- Products: district cooling, district heating
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [IFM Investors](https://endata.com/companies/1062.md) (acquirer)
- [Ontario Teachers' Pension Plan Board](https://endata.com/companies/7465.md) (acquirer)
- [Enwave Energy Corporation](https://endata.com/companies/52980.md) (target)
- [Brookfield Infrastructure](https://endata.com/companies/52981.md) (partner)

## Sources

- [ifminvestors.com](https://www.ifminvestors.com/news-and-insights/media-centre/ifm-investors-and-ontario-teachers-pension-plan-board-jointly-acquire-canadian-district-energy-operations-owned-by-enwave-energy-corporation/), 2021-02-02: "Enwave will be an attractive addition to our infrastructure portfolio."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.