Investment Update | Review + Outlook
​We reiterate our rating on Enercare based on its stable, recurring cash flow model, coupled with attractive growth opportunities in the rental segment, particularly HVAC units, its expected growth in the submetering segment, and improved scale from the Service Experts acquisition.
Enercare is the successor to the Consumers Waterheater Income Fund following the conversion of the Fund from an income trust to a corporate structure pursuant to a plan of arrangement under the Canada Business Corporation Act on Jan 1 2011. Co., through its wholly-owned subsidiaries, owns a portfolio of water heaters and other assets which are rented to customers across Ontario.
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