Ontario — Envest Corp. announced the acquisition of Bullfrog Power.
Bullfrog Power will become a wholly-owned subsidiary of Envest. The acquisition includes Bullfrog Power, its United States business carried on through Bullfrog Solutions USA Inc. and its subsidiary companies.
Envest says the acquisition will empower the two organizations to jointly deliver clean energy solutions tailored to customers’ sustainability objectives.
Bullfrog Power, founded in 2005, offers businesses and individuals a renewable energy choice through green electricity, natural gas, fuel, and power purchase agreement solutions. Throughout its history, Bullfrog has helped customers displace over two million tonnes of CO2 and has serviced over 1,500 businesses and 10,000 homes.
The Bullfrog acquisition is highly complimentary to Envest as it will enhance its ability to provide a broader scope of commercial-scale, de-carbonization and clean energy solutions to industry and government.
“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.”
Bullfrog Power will continue to operate under its brand name.