Sproule and ERCE Announce Strategic Merger to Enhance Global Energy Expertise

Deal News | Apr 08, 2025 | Globenewswire

Sproule and ERCE Announce Strategic Merger to Enhance Global Energy Expertise

In a transformative move for the global energy sector, Sproule and ERCE have announced a strategic merger culminating in the formation of Sproule ERCE, effective from March 26, 2025. This merger is poised to amplify the strengths of both firms, enhancing their capabilities to deliver comprehensive advisory services across an evolving energy value chain. With a significant geographic footprint, including offices in major energy hubs around the world, the newly formed entity seeks to provide unparalleled expertise and solutions to its clientele. Jim Chisholm, the President and CEO of Sproule, will continue as the head of Sproule ERCE, while ERCE's CEO, Johnny Hull, transitions into the role of Executive Vice President of Europe, Africa, and Asia Pacific. This merger positions Sproule ERCE to better navigate the global energy system's complexities and deliver future-focused, sustainable, and low-carbon energy solutions.

Sectors

  • Energy Consulting
  • Renewable Energy

Geography

  • Global – The article discusses a merger forming a company with a global presence, including operations in key energy hubs such as Calgary, London, Kuala Lumpur, and Mexico City.

Industry

  • Energy Consulting – The merger between Sproule and ERCE falls within the energy consulting industry, where advisory services are provided to optimize decision-making in energy projects.
  • Renewable Energy – The merger emphasizes providing low-carbon, sustainable energy solutions, aligning with the renewable energy sector’s focus on reducing carbon footprints.

Financials

    Participants

    NameRoleTypeDescription
    SprouleMerging CompanyCompanyA multi-disciplinary advisory firm specializing in energy sector decision-making, enhancing understanding of value drivers and risk management.
    ERCEMerging CompanyCompanyAn advisory firm providing solutions for greater global prosperity and a low-carbon, sustainable future, driven by expert knowledge and adaptability.
    Equiteq Advisors LimitedFinancial AdvisorCompanyProvided financial advisory services to the controlling shareholders of ERCE in the merger.
    Pannone Corporate LLPLegal AdvisorCompanyServed as legal advisor to the controlling shareholders of ERCE in the merger.