Blue Earth, Inc. (OTCQB: BBLU) to Acquire Kenmont Solutions Capital GP, LLC
Blue Earth, Inc. (OTCQB: BBLU), a company engaged in the clean technology industry with a primary focus on the energy efficiency and renewable energy sectors, announced Thursday, December 12th, that it has signed a Letter of Intent to acquire Kenmont Solutions Capital GP, LLC. Kenmont Solutions is a capital formation entity from Donald R. Kendall, Jr. who will remain as the CEO/President of the acquired entity.
As per the agreement, the capital formation entity will become a wholly owned subsidiary of Blue Earth and will focus on sourcing equity and debt capital for the company’s combined heat and power or cogeneration projects; its solar PV projects and energy efficiency projects. The capital formation entity will also source capital for strategic acquisitions and joint development opportunities.
Donald R. Kendall, Jr., the founding Managing Director and Chief Executive Officer of Kenmont will remain the CEO and President of the wholly owned subsidiary. Kendall has an extensive background in the power, energy and clean energy industries. Blue Earth intends to harness Kendall’s assets to accelerate capital formation and bring other growth opportunities through his extensive relationships with other energy efficiency and alternative energy companies that represent acquisition or joint venture funding opportunities.© Copyright 2016 OTC News Magazine. All rights reserved.