Enterprise Group Signs Agreement to Acquire the Canadian Operations of FlexEnergy Solutions
Enterprise Group (ETOLF) has signed an agreement to acquire FlexEnergy Canada for CDN$20 million. The acquisition will be financed through existing cash reserves and a new credit facility. Through this strategic transaction, Enterprise will become the exclusive supplier of FlexEnergy turbines in Canada, adding 17 turbine generators to its fleet and gaining access to innovative 2.0-megawatt units.
The deal includes several long-term lease and service contracts, providing recurring revenue streams. Enterprise will acquire FlexEnergy Canada's team of specialists and its natural gas turbine technology, known for efficiency and low emissions. This acquisition positions Enterprise to address growing demand for natural gas-to-electric power solutions across Canada, particularly in remote power requirements, manufacturing, and AI data centers.
Enterprise Group (ETOLF) ha firmato un accordo per acquisire FlexEnergy Canada per 20 milioni di dollari canadesi. L'acquisizione sarà finanziata tramite le riserve di cassa esistenti e una nuova linea di credito. Con questa operazione strategica, Enterprise diventerà il fornitore esclusivo delle turbine FlexEnergy in Canada, aggiungendo 17 turbine generatori alla sua flotta e ottenendo l'accesso a innovativi modelli da 2,0 megawatt.
L'accordo comprende diversi contratti di locazione e servizi a lungo termine, garantendo flussi di entrate ricorrenti. Enterprise acquisirà il team di specialisti di FlexEnergy Canada e la sua tecnologia di turbine a gas naturale, nota per l'efficienza e le basse emissioni. Questa acquisizione posiziona Enterprise per rispondere alla crescente domanda di soluzioni energetiche da gas naturale a elettricità in tutto il Canada, in particolare per esigenze di energia in aree remote, manifattura e centri dati per l'intelligenza artificiale.
Enterprise Group (ETOLF) ha firmado un acuerdo para adquirir FlexEnergy Canada por 20 millones de dólares canadienses. La adquisición se financiará con las reservas de efectivo existentes y una nueva línea de crédito. A través de esta transacción estratégica, Enterprise se convertirá en el proveedor exclusivo de las turbinas FlexEnergy en Canadá, sumando 17 generadores de turbina a su flota y obteniendo acceso a innovadoras unidades de 2.0 megavatios.
El acuerdo incluye varios contratos de arrendamiento y servicios a largo plazo, proporcionando flujos de ingresos recurrentes. Enterprise adquirirá el equipo de especialistas de FlexEnergy Canada y su tecnología de turbinas de gas natural, conocida por su eficiencia y bajas emisiones. Esta adquisición posiciona a Enterprise para atender la creciente demanda de soluciones de energía de gas natural a electricidad en todo Canadá, especialmente en necesidades de energía remota, manufactura y centros de datos de inteligencia artificial.
Enterprise Group (ETOLF)가 FlexEnergy Canada를 2,000만 캐나다 달러에 인수하기로 계약을 체결했습니다. 이번 인수는 기존 현금 보유액과 신규 신용 시설을 통해 자금을 조달할 예정입니다. 이 전략적 거래를 통해 Enterprise는 캐나다에서 FlexEnergy 터빈의 독점 공급업체가 되어 17대의 터빈 발전기를 보유하게 되며, 혁신적인 2.0메가와트 유닛에 접근할 수 있게 됩니다.
이번 거래에는 여러 장기 임대 및 서비스 계약이 포함되어 있어 지속적인 수익 흐름을 제공합니다. Enterprise는 FlexEnergy Canada의 전문가 팀과 효율성과 저배출로 알려진 천연 가스 터빈 기술을 인수하게 됩니다. 이번 인수는 특히 원격 전력 수요, 제조업, AI 데이터 센터 등 캐나다 전역의 천연 가스 기반 전력 솔루션에 대한 증가하는 수요에 대응할 수 있는 위치를 Enterprise에 마련해 줍니다.
Enterprise Group (ETOLF) a signé un accord pour acquérir FlexEnergy Canada pour 20 millions de dollars canadiens. L'acquisition sera financée par les réserves de trésorerie existantes et une nouvelle ligne de crédit. Grâce à cette transaction stratégique, Enterprise deviendra le fournisseur exclusif des turbines FlexEnergy au Canada, ajoutant 17 générateurs de turbines à sa flotte et accédant à des unités innovantes de 2,0 mégawatts.
L'accord comprend plusieurs contrats de location et de service à long terme, assurant des flux de revenus récurrents. Enterprise acquerra l'équipe de spécialistes de FlexEnergy Canada ainsi que sa technologie de turbines à gaz naturel, reconnue pour son efficacité et ses faibles émissions. Cette acquisition positionne Enterprise pour répondre à la demande croissante de solutions de conversion de gaz naturel en électricité à travers le Canada, notamment pour les besoins en énergie dans les zones éloignées, la fabrication et les centres de données d'intelligence artificielle.
Enterprise Group (ETOLF) hat eine Vereinbarung zur Übernahme von FlexEnergy Canada für 20 Millionen kanadische Dollar unterzeichnet. Die Finanzierung der Übernahme erfolgt durch bestehende Barreserven und eine neue Kreditfazilität. Durch diese strategische Transaktion wird Enterprise zum exklusiven Lieferanten der FlexEnergy-Turbinen in Kanada und erweitert seine Flotte um 17 Turbinengeneratoren sowie den Zugang zu innovativen 2,0-Megawatt-Einheiten.
Der Deal umfasst mehrere langfristige Miet- und Serviceverträge, die wiederkehrende Einnahmen sichern. Enterprise übernimmt das Expertenteam von FlexEnergy Canada und dessen Erdgas-Turbinentechnologie, die für Effizienz und niedrige Emissionen bekannt ist. Diese Übernahme positioniert Enterprise, um die wachsende Nachfrage nach Erdgas-zu-Strom-Lösungen in ganz Kanada zu bedienen, insbesondere für abgelegene Strombedarfe, Fertigung und KI-Rechenzentren.
- Acquisition adds 17 turbine generators and access to 2.0-megawatt units to Enterprise's fleet
- Includes long-term lease and service contracts providing steady recurring revenue
- Becomes exclusive supplier for FlexEnergy turbines in Canada
- Acquisition includes experienced technical team and proven technology
- Expands service offering to include permanent installation solutions
- CDN$20 million purchase price impacts cash reserves
- New credit facility required to finance the acquisition
- Integration risks with new team and technology
St. Albert, Alberta--(Newsfile Corp. - May 1, 2025) - Enterprise Group, Inc. (TSX: E) (OTCQB: ETOLF) (the "Company" or "Enterprise"). Enterprise, a consolidator of energy services (including specialized equipment and services to the energy/resource sector), emphasizes technologies that mitigate, reduce, or eliminate CO2 and Green House Gas (GHG) and other harmful emissions for small local and Tier One resource clients, announces the signing of a Purchase and Sale Agreement to acquire
With this strategic transaction, Enterprise will become the exclusive supplier for FlexEnergy turbines in Canada, further solidifying its market leadership and positioning Enterprise at the forefront of addressing the growing demand for reliable and efficient natural gas to electric power solutions across Canada and various industries.
The acquisition comes at a critical time as the North American power grid faces widespread challenges due to inadequate maintenance, with increasing societal and industrial electricity demands leading to more frequent power disruptions. Enterprise's acquisition of FlexEnergy Canada, a leader in natural gas turbine technology, significantly enhances its capability to provide energy solutions that are both efficient and environmentally responsible.
FlexEnergy Solutions' turbine technology, renowned for its efficiency, low-emission performance, and industry-leading fuel tolerance, has been a proven solution in Canada's most demanding, extreme environments. The technology's robust performance is critical for industries ranging from remote power requirements, manufacturing, to AI data centers, which are increasingly relying on natural gas due to its rapid growth and sustainability as a power source.
With this acquisition, it not only expands its fleet by adding 17 turbine generators but also establishes a platform from which to add FlexEnergy Solutions' innovative 2.0-megawatt unit that meets the highest standards of power generation efficiency. Additionally, the acquisition includes several long-term lease and service contracts, ensuring a steady stream of recurring revenue.
The integration of FlexEnergy Canada into Enterprise Group will enhance the Company's offerings significantly. Not only will Enterprise continue to meet temporary and project-based power needs, but it will also provide permanent installation solutions with long-term lease options catering to a wider range of customer needs across all industries.
The acquisition also includes a team of highly trained specialists, ensuring continued excellence in turbine technology and operations. This expansion aligns with the growing trend towards mobile, temporary natural gas power solutions, which offer a more cost-effective and environmentally friendly alternative to traditional diesel.
"We are thrilled about the possibilities this acquisition presents to us," said Leonard D. Jaroszuk, CEO & Chairman of Enterprise Group, Inc. "With the expanded capabilities and resources, we are now better positioned to scale our aggressive natural gas-to-electricity expansion strategy across Canada and into new markets. We are committed to leading the transition to more sustainable energy solutions."
Enterprise Group's enhanced product line and expertise position the Company to capitalize on the expanding opportunities across all industrial sectors, providing reliable, efficient, and sustainable solutions to an ever-growing client base.
"We are excited about the potential of the Canadian power generation market and have found a great distribution partner in Enterprise Group, Inc. and their group of companies," says Doug Baltzer, CEO of FlexEnergy Solutions. "This team brings broad operational expertise and deep customer relationships to the market, and we look forward to supporting them as they grow. FlexEnergy Solutions has grown a strong team and a robust asset base in Canada over the past ten years. We are proud that this team will continue to support the market as part of Enterprise Group, Inc."
About Enterprise Group, Inc. - Enterprise Group, is a consolidator of services-including specialized equipment rental to the energy/resource sector. The Company works with particular emphasis on systems and technologies that mitigate, reduce, or eliminate CO2 and Greenhouse Gas and other harmful emissions for itself and its clients. The Company is well known to local Tier One and international resource companies with operations in Western Canada. More information is available at the Company's website www.enterprisegrp.ca. Corporate filings can be found on www.sedarplus.com.
About FlexEnergy Solutions - FlexEnergy Solutions is a leader in clean, reliable, on-demand power solutions for industrial and commercial institutions that require consistent, reliable power in 250 kW, 333 kW, and 2 MW offerings. We lease and service the most resilient, clean gas turbines available for off-grid or grid- parallel applications. Our turbines are ideal for remote, extreme climates and our customers rely on our ability to deliver the highest quality engineering, power, and support 24/7, 365 days per year. For more information, please visit www.flexenergy.com.
For questions or additional information, please contact:
Leonard Jaroszuk: Chairman & CEO, or
Desmond O'Kell: President & Director
contact@enterprisegrp.ca
780-418-4400
Forward-Looking Information
This news release may contain certain forward-looking information, as defined under applicable Canadian securities legislation, that is not based on historical fact, including without limitation statements containing the words "believes", "anticipates", "plans", "intends", "will", "should", "expects", "continue", "estimate", "forecasts" and other similar expressions. In particular, this news release includes forward-looking information relating to the Company's intention to purchase the shares of FlexEnergy Canada; the timing of completion of the acquisition; the benefits of the acquisition, including potential revenue from long-term lease and service contracts; and the integration of FlexEnergy Canada with the Company's existing operations. Actual results, events or developments could be materially different from those expressed or implied by these forward-looking statements. There is no assurance that any of the events or expectations will occur or be realized. The completion of the proposed acquisition remains subject to all necessary conditions of the purchase and sale agreement being satisfied and third party consents and approvals being obtained. By their nature, forward-looking statements are subject to numerous assumptions and risk factors including those discussed in the Company's Annual Information Form and most recent MD&A which are incorporated herein by reference and are available through SEDAR at www.sedarplus.ca. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement and are made as of the date hereof. The Company disclaims any intention and has no obligation or responsibility, except as required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/250398
FAQ
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