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New Deal


Announced

One Energy to go public via a SPAC merger with TortoiseEcofin Acquisition in a $300m deal.

Financials

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Transaction Value£236m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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decarbonizing

United States

Renewable Energy Equipment

Acquisition

Domestic

Majority

Private

De-SPAC

Reverse Takeover

Pending

Friendly

Single Bidder

Merger

Synopsis

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One Energy, an industrial power company, agreed to go public via a SPAC merger with TortoiseEcofin Acquisition, a special purpose acquisition company, in a $300m deal. “Entering into a definitive agreement to merge with TRTL is a monumental step towards our vision of reshaping the utility industry. With the added financial strength we anticipate from going public, we hope to accelerate our growth plans to continue helping industrial clients take back control of their power and transition to a more sustainable, reliable, and cost-effective power solution that is custom engineered to their individual needs,” Jereme Kent, One Energy CEO and Founder.

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