M&A Deal Summary

Just Energy Acquires Filter Group

On September 10, 2018, Just Energy acquired consumer products company Filter Group for 37M USD

Acquisition Highlights
  • This is Just Energy’s 1st transaction in the Consumer Products sector.
  • This is Just Energy’s largest (disclosed) transaction.
  • This is Just Energy’s 1st transaction in Canada.
  • This is Just Energy’s 1st transaction in Ontario.

M&A Deal Summary
Date 2018-09-10
Target Filter Group
Sector Consumer Products
Buyer(s) Just Energy
Deal Type Add-on Acquisition
Deal Value 37M USD
Advisor(s) Fasken Martineau DuMoulin
Bennett Jones (Legal)

Target

Filter Group

Toronto, Ontario, Canada
Filter Group, Inc. is a provider of an under counter and whole home water filtration solutions to residential markets in the Provinces of Ontario and Manitoba and the States of Nevada, California, Arizona, Michigan and Illinois, with over 30,000 customers to date.

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Buyer(S) 1

Buyer

Just Energy

Toronto, Ontario, Canada
Category Company
Founded 1997
Sector Energy Services and Equipment
Employees1,581
Revenue 2.7B CAD (2021)
DESCRIPTION

Just Energy's business primarily involves the sale of natural gas and/or electricity to residential and commercial customers under long-term fixed-price, price-protected, or variable-priced contracts and green energy products. Just Energy Group was founded in 1997 and is based in Mississauga, Canada.

DEAL STATS #
Overall 3 of 3
Sector (Consumer Products) 1 of 1
Type (Add-on Acquisition) 3 of 3
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2018) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-05 EdgePower

Aspen, Colorado, United States

EdgePower, Inc. is a provider of commercial real-time monitoring, control, and analytics solutions through a cloud-based platform that integrates energy data across multiple sites into a single interface. EdgePower was founded in 2014 and is Aspen, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-01 ecobee

Toronto, Ontario, Canada

ecobee is a provider of sustainable smart home solutions that currently offers several energy star-certified thermostats and a suite of home monitoring products, all designed with a focus on conservation, convenience, peace of mind, and comfort. ecobee’s smart thermostats intelligently optimize heating and cooling systems to deliver significant energy savings for homeowners. ecobee was founded in 2007 and is based in Toronto Ontario.

Sell $770M
Mergr

Product

Company

Legal