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Announced

Completed

Enverus completed the acquisition of CRCL Solutions.

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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Majority

United States

weather forecasting platform

Software

Acquisition

Domestic

Private

Completed

Friendly

Single Bidder

Synopsis

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Enverus, a provider of key decision-making information and software solutions for oil & gas operators, service providers and investment professionals, completed the acquisition of CRCL Solutions, a provider of cloud-based algorithms and modeling for wind and solar generation forecasts. Financial terms were not disclosed. "CRCL Solutions is a key to unlocking part of Enverus' future and enabling us to grow our footprint in power and renewables by creating more intelligent connections and opportunities across the energy ecosystem. Accurate predictions of wind and solar production have become a necessary building block for everyone involved in the power industry. To meet the needs of our customers we must forecast this production, and we must do it well," Jeff Hughes, Enverus CEO.

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