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Announced

Completed

Energywell completed the acquisition of Think Energy.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Friendly

Completed

electricity

Domestic

Majority

Acquisition

United States

Single Bidder

Private

Energy / Utility Services

Synopsis

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Energywell, an energy technology company, completed the acquisition of Think Energy, a market retail electricity affiliate. Financial terms are not disclosed. "We are thrilled to acquire the Think Energy business as we see tremendous value in its strong brand name and broad operating footprint. We intend to rapidly deploy our proprietary technology platform and sales channels upon closing the acquisition as we see an opportunity to provide great customer value given the return of commodity market volatility and expected high utility prices this winter and beyond," Michael Fallquist, Energywell Director & Co-CEO.

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