IFM Investors and Ontario Teachers completed the acquisition of district energy operations of Enwave Energy for $2.1bn.

Investment firms IFM Investors and Ontario Teachers' Pension Plan Board, completed the acquisition of district energy operations of Enwave Energy, a Canadian multinational energy company, for $2.1bn. IFM Investors and Ontario Teachers’ retained the Enwave brand as part of this transaction and each owns 50% of the company. “Our new owners are investing in Enwave as a platform to meet the growing demand for low-carbon energy solutions across North America. Our work has not only helped our customers meet their low-carbon energy needs, but contributed to a cleaner, more sustainable future. We look forward to continuing to grow the platform in the years to come,” Carlyle Coutinho, Enwave new CEO.