Kitchener-Wilmot Hydro and Waterloo North Hydro merge to form Enova Power

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About the client

Many Canadian energy providers are exploring merging their businesses to become stronger and offer customers more competitive services. Before undertaking a merger, there are major financial and societal impacts to consider.
Ontario-based energy providers Kitchener-Wilmot Hydro Inc. and Waterloo North Hydro Inc. wanted to unite their businesses, but they needed support as they looked at the possible long- and short-term impacts. With sound business advice they could evaluate if this decision would be viable—financially and equally—for their employees and communities.

Our advisors worked closely with both Kitchener-Wilmot Hydro and Waterloo North Hydro to ensure they had all the information needed to make informed business decisions. We worked diligently to remain neutral throughout the process, while offering well-supported analysis along each step. This meant balancing the needs of multiple stakeholders and working to find solutions that benefited all parties. Our experience in the power and utilities sector combined with our network of contacts and project management expertise helped the transaction run smoothly.

Today the new entity, Enova Power Corp., serves more than a 150,000 individuals and businesses in Southern Ontario. By creating one locally-owned business, they’re able to reinvest in the community while maximizing resources and delivering operational efficiencies. This in turns helps with providing a reliable and affordable service for customers as well as sustainable innovative solutions to energize and empower a rapidly-growing community.