FirePower, Pinnacle fund Kontrol Energy's buy of CEM Specialties
Kontrol Energy Corp has closed its acquisition of CEM Specialties Inc, a London, Ontario-based developer of turn-key emission monitoring equipment and solutions. The purchase price was $3.35 million with a vendor take-back provision. Kontrol, a Vaughan, Ontario-based provider of energy efficiency solutions for buildings and cities, said the acquisition is a strategic fit for its existing emission business. The deal was backed with a $2 million secured loan provided by an affiliate of Pinnacle Funds and the private capital group of FirePower Capital.
28 September 2018•4 mins read
