FlexEnergy Sells Canadian Operations to Enterprise Group
Deal News | May 01, 2025 | Amberjack Capital Partners LP
FlexEnergy Solutions has announced a strategic divestment of its Canadian operations, Flex Leasing Power and Service ULC, to Enterprise Group, Inc. This transaction, which includes 17 turbine generators and several long-term leases and service contracts, aligns with FlexEnergy’s focus on core North American markets and offers Enterprise a significant expansion in its clean, on-demand power solutions. The acquisition also positions Enterprise as the exclusive supplier of FlexEnergy's turbines in Canada, reinforcing its market position in providing efficient natural gas to electric power solutions. The deal underlines the ongoing industry shift towards more sustainable energy solutions as FlexEnergy aims to invest the proceeds into further expansion across North America.
Sectors
- Energy
- Manufacturing
- Private Equity
Geography
- Canada – The primary geographical focus of the acquisition is within Canada, where the operations and market implications are centered.
- North America – FlexEnergy is focusing on growth across North America, informing its divestment strategy.
Industry
- Energy – The article is primarily centered around the energy industry, with a focus on natural gas and clean power solutions.
- Manufacturing – FlexEnergy's operations and expertise in the manufacturing of robust turbine technology for power solutions.
- Private Equity – Involvement of Amberjack Capital Partners, a private equity firm overseeing the strategic transactions mentioned.
Financials
- 17 turbine generators – The acquisition includes 17 turbine generators, expanding Enterprise Group's fleet.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| FlexEnergy Solutions | Target company | Company | An American company specializing in providing reliable, clean on-demand power solutions. |
| Enterprise Group, Inc. | Bidding company | Company | A Canadian consolidator of energy services, focusing on clean technologies to reduce emissions. |
| Amberjack Capital Partners LP | Private Equity firm | Company | The private equity firm involved in managing FlexEnergy's divestment process. |
| Doug Baltzer | CEO of FlexEnergy Solutions | People | CEO of FlexEnergy Solutions, overseeing the divestment strategy. |
| Leonard D. Jaroszuk | CEO and Chairman of Enterprise Group, Inc. | People | CEO and Chairman of Enterprise Group, Inc., instrumental in the acquisition. |