Enercare is attractive because of its stable long-term cash flows from equipment rentals, said Sam Pollock, CEO of Brookfield Infrastructure. "We see attractive opportunities to grow the business and continue to create value, leveraging Brookfield's significant presence in the utility, home building and multi-residential sectors across Canada and the U.S.," he added. The deal has the unanimous support of Enercare's board of directors but requires support from at least two-thirds of the votes cast by Enercare shareholders. It also requires court approvals and clearance under Canada's competition act. Under the agreement with Enercare's board, Brookfield Infrastructure will have the right to match any unsolicited alternative proposals and could receive a $111 million termination fee if the agreement is cancelled under specific circumstances.