Blue Energy Secures Deal with Agrinam Acquisition for Strategic Business Combination
Deal News | Mar 14, 2025 | EIN
Blue Energy, a leading independent energy supplier in Mexico, has entered into a business combination agreement with Agrinam Acquisition Corporation. With the completion of the business merger, Blue Energy will be publicly traded on the Toronto Stock Exchange, maintaining significant control over the merged entity alongside Agrinam. The combination will further be buoyed by a plan to conduct a PIPE financing aiming to raise up to $50 million. Blue Energy has successfully positioned itself within the renewable energy sector, providing an extensive suite of services catering to industrial clients. The synergy between Blue Energy’s industry expertise and Agrinam's strategic investment approach promises new growth horizons while continuing to capitalize on increasing demands for clean energy solutions driven by AI. Legal and tax advisory services are provided by firms such as Stikeman Elliott LLP and Borden Ladner Gervais LLP.
Sectors
- Renewable Energy
- Finance and Investment
Geography
- Mexico – Blue Energy is a Mexico-based entity providing renewable electricity solutions across the country.
- Canada – Agrinam Acquisition Corp is involved as the merging entity, with the combined company seeking listing on the Toronto Stock Exchange in Canada.
Industry
- Renewable Energy – The core business of Blue Energy revolves around providing renewable electricity and related solutions like solar panels and battery storage, targeting sustainability.
- Finance and Investment – Agrinam Acquisition Corp's involvement as a Special Purpose Acquisition Corporation (SPAC) highlights the financial industry, focusing on mergers and acquisitions.
Financials
- $50 million – The anticipated amount to be raised through a PIPE financing in connection with the Business Combination between Blue Energy and Agrinam.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Blue Energy | Target Company | Company | A leading independent renewable energy supplier in Mexico providing electricity, solar panels, and battery storage services. |
| Agrinam Acquisition Corporation | Bidding Company | Company | A special purpose acquisition corporation listed in Canada, facilitating the merger with Blue Energy. |
| Stikeman Elliott LLP | Legal Advisor for Blue Energy | Company | A legal firm providing advisory services for Blue Energy in the transaction. |
| Borden Ladner Gervais LLP | Legal Advisor for Agrinam | Company | A law firm advising Agrinam Acquisition Corporation during the business combination. |