Wyse is a leading provider of submetering and utility expense management solutions for the multi-residential, condominium and commercial markets in Canada.
November 2018 – Present
ONCAP acquired a significant minority interest in Wyse Meter Solutions Inc. ("Wyse") in November 2018.
Based in Concord, Ontario, Wyse is a leading provider of innovative submetering and utility expense management solutions for the multi-residential, condominium and commercial markets in Canada. Wyse’s range of high-quality services enables building owners, developers and managers to take charge of their utility expense by delivering environmentally sustainable and equitable suite submetering. The company has achieved exceptional growth with many of Canada’s largest real estate companies.
ONCAP was attracted to Wyse due to its: (i) market-leading position in a unique niche; (ii) high-quality customer service and analytical tools; (iii) significant embedded organic growth in existing portfolio; (iv) highly predictable cash flows under long-term contracts; and (v) strong management team. ONCAP, in partnership with management, aims to create value by adding and enhancing landlord relationships, expanding the sales force, growing in new end markets, and pursuing consolidation opportunities.