Readers could have seen your ad here when reading this story. Email retailenergyx@gmail.com
       Events        Jobs        Contact        Migration Stats        Supplier Lists        Municipal Aggregation


Just Energy Group Closes On Acquisition Of EdgePower Inc.

March 01,2018



Just Energy Group Inc. announced that it has closed its previously reported acquisition of EdgePower, Inc., a privately held energy monitoring and management company operating out of Aspen, Colorado.

EdgePower currently provides lighting and HVAC controls, as well as enterprise monitoring, in hundreds of commercial buildings in North America and has strong relationships with its customers.

The aggregate consideration for the acquisition of EdgePower is comprised of (i) $14 million at closing, subject to customary adjustments, paid by Just Energy as to approximately $7 million in cash and $7 million by the issuance of 1,415,285 Just Energy common shares, 606,550 of which are subject to a three-year escrow hold period; and (ii) a one-time performance based payout after three years of up to $6 million, subject to annual and cumulative performance thresholds. All amounts are in U.S. dollars.

Tags:
M&A   Just Energy   EdgePower  

Comment on this story


ADVERTISEMENT
NEW Jobs on RetailEnergyJobs.com
Business-Development-Manager -- Retail Supplier -- Texas - Houston
Business-Development-Manager -- Agent, Broker, Consultant -- New Jersey
Energy-Sales-Broker -- Agent, Broker, Consultant -- Pennsylvania
Retail-Energy-Channel-Manager -- Retail Supplier -- New York
Chief-Operating-Officer -- Retail Supplier -- New York


More Stories on RetailEnergyX.com:
Mitsubishi Purchases Stake In Retail Energy Supplier, Will Accelerate Supplier's Expansion
Clearway Energy Exercises Backstop With GIP For Carlsbad Energy Center
AEP Competitive Sub. To Purchase Wind Assets From Sempra
The Hour: After Jettisoning Jobs, Crius Takes $436M Buyout
├śrsted, Eversource Enter 50-50 Partnership Agreement On Offshore Wind Assets In Northeast


comments powered by Disqus





Advertise here:
Email retailenergyx@gmail.com


Events Jobs Contact Migration Stats Supplier Lists Municipal Aggregation

About Disclaimer Privacy Terms of Service

Home


Developed by: Avidweb Technologies inc.