Northleaf Capital Partners has acquired PowerStream Energy Services, a sub-metering solutions provider, through Provident Energy Management, aimed at enhancing market presence and growth opportunities in Ontario's energy management sector.

Target Information

PowerStream Energy Services is a specialized provider of sub-metering and billing solutions for developers, condominium boards, property managers, and property owners throughout Ontario. With a focus on delivering high-quality customer experiences, PowerStream is committed to excellence in energy management and billing services.

The firm offers a comprehensive range of customized sub-metering solutions, including electric, water, thermal (BTU), gas, and electric vehicle (EV) charging systems. Established in 2013, PowerStream is an affiliate of Alectra Utilities, which ranks as the largest municipally-owned electric utility in Canada based on the number of customers served.

Industry Overview in Ontario

The energy management industry in Ontario has experienced significant changes in recent years, driven primarily by the need for greater innovation and efficiency in energy u