Envest Corp. Acquires Bullfrog Power To Establish Leading Sustainability Solutions Provider
Envest Corp. announce the acquisition of Bullfrog Power. Bullfrog Power will become a wholly owned subsidiary of Envest.
December 05, 2022. By News Bureau
The acquisition includes Bullfrog Power Inc. (Bullfrog), its United States business carried on through Bullfrog Solutions USA Inc., and its subsidiary companies. The acquisition will empower the two organizations to jointly deliver clean energy solutions tailored to customers' sustainability objectives.
Bullfrog Power, founded in 2005, is Canada's trusted sustainability solutions provider, offering businesses and individuals a renewable energy choice through green electricity, green natural gas, green fuel, and power purchase agreement solutions.
Through its history, Bullfrog has helped customers displace over two million tonnes of CO2 and has serviced over 1,500 businesses and 10,000 homes.
Joining Envest will enable Bullfrog Power to continue delivering the highest quality green energy solutions to commercial and residential customers. As part of the Envest portfolio, Bullfrog Power will have the ability to offer additional sustainability solutions and accelerate its participation in the U.S. market.
"We are excited to welcome the great team at Bullfrog Power to our operations." said Jason Moretto, president and CEO of Envest. "This strategic transaction will provide significant immediate benefits to both companies, enabling Bullfrog and Envest to achieve new goals and realize growth opportunities."
"This acquisition brings together two sustainability leaders with a shared goal of building a renewably powered future," said Suha Jethalal, president of Bullfrog Power. "We look forward to growing the bullfrogpowered community and offering an even broader range of sustainability solutions through this transaction."
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