The Globe and Mail reports in its Tuesday edition that Public Sector Pension Investment Board is paying $1.6-billion to acquire a 50-per-cent stake in Ontario home services company Enercare Inc. from Brookfield Asset Management. The Globe's James Bradshaw writes that Brookfield took Enercare private in 2018 in a deal worth $4.3-billion including debt. Since then, PSP Investments has had a small, passive stake in the company as a co-investor with Brookfield, and is now taking over joint ownership with Brookfield. Enercare, based in Markham, Ont., rents and sells equipment such as water heaters, furnaces, air conditioners and water purifiers, as well as protection plans to cover them, to more than 1.4 million homes and businesses. The company has a leading market share in Ontario. Since Brookfield took the company private, it has expanded its services into Quebec and now wants to push into Western Canada. PSP and Brookfield plan to keep Enercare's management in place and add to its customer base, in part by introducing new products and services. PSP chief executive officer Deborah Orida made a pledge to increase domestic investment at the Canada Investment Summit in September, which was led by Prime Minister Mark Carney.