Reliance Home Comfort
VerifiedPlatform
1.7M+ Canadian customer households; CK Asset Holdings (75%) / CK Infrastructure (25%). 2014 Competition Bureau consent agreement ($5M penalty + $500K costs).
Ownership
- Reliance Home Comfort backed by CK Asset Holdings Verified
Related news
- CKP (Canada) Acquires RelianceVerifiednewswire.ca· Mar 31, 2017
CKP (Canada) Holdings Ltd has entered into a definitive agreement to acquire Reliance Home Comfort from investment funds managed by Alinda Capital Partners. The equity value of the transaction is approximately C$2.82 billion. CKP intends to on-sell up to 25% of Reliance to CK Infrastructure. The acquisition is conditional upon approvals under the Investment Canada Act and the Competition Act.
- bloomberg.com
Li Ka-Shing, Hong Kong's richest man, is purchasing Reliance Home Comfort from Alinda Capital Partners for C$2.82 billion ($2.1 billion). The acquisition will be made through CKP (Canada) Holdings Ltd., using cash on hand and assuming Reliance's debt, and is conditional on customary approvals.
- cbc.ca
Reliance Home Comfort is being sold for $2.82 billion Cdn to a subsidiary of Cheung Kong Property Holdings (CKP) of Hong Kong, controlled by the Li family trust. The seller is Alinda Capital Partners, an independent private equity firm. The deal is subject to regulatory approvals under the Investment Canada Act and the Canadian Competition Act, and is expected to close in the first half of the year. CKP expects Reliance to remain based in Toronto with its existing management team.
- ckah.com
CK Asset holds a 75% interest in Reliance Home Comfort, which is engaged in the building equipment services sector, providing water heaters, HVAC equipment, comfort protection plans, and other services to homeowners in Ontario, Canada, with operations also in Manitoba, Saskatchewan, and Alberta.