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CSE Utility completed the acquisition of Cricket Energy Holdings from OZZ Electric and Fengate for $200m.

Synopsis

CSE Utility, a multiutility company, completed the acquisition of Cricket Energy Holdings, a unitilities company, from OZZ Electric and Fengate Capital Management, a private equity firm, for $200m. "We launched Cricket in 2012 and followed up quickly in 2014 with the acquisition of Provident Energy Management ("Provident") and EQ Building Performance ("EQ"). Through our dedicated staff and relationships with some of Canada's largest real estate developers and managers, we have become a leading provider of energy sub-metering services, energy management services, home comfort equipment, and building sustainability consulting. This transaction allows management to accelerate our business plan and expand Cricket's offerings into its existing and growing installed base of customers," Steven Muzzo, Cricket CEO.

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