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Crusoe Energy Systems Acquires Easter-Owens, Vertically Integrates Data Center Design And Manufacturing Capabilities

Jun 22, 2022•over 3 years ago

Acquiring Company

Crusoe Energy Systems Inc.

Acquired Company

Easter-Owens

DenverRenewable EnergyEnergyPlatformsApps

Description

Crusoe Energy Systems LLC (Crusoe) today announces that it has acquired Denver-based Easter-Owens Electric Co. (Easter-Owens), the manufacturer of modular data centers and specialized electrical systems. The acquisition follows several years of close cooperation between the companies as Crusoe has optimized and scaled its fleet of modular data centers that eliminate natural gas flaring and related emissions. The acquisition of Easter-Owens represents an extension of Crusoe’s existing strategy to vertically integrate key operational capabilities across climate-aligned power sourcing, modular infrastructure systems and digital technologies.

Company Information

Company

Crusoe Energy Systems Inc.

Location

1641 CALIFORNIA STREET, SUITE 400

Denver, Colorado, United States

About

Crusoe is on a mission to align the future of computing with the future of the climate. They are the pioneers of clean computing infrastructure that reduces both the costs and the environmental impact of the world’s expanding digital economy. By unlocking stranded sources of energy to power crypto, cloud, and data centers, they are creating the future of compute-intensive innovation that reduces emissions rather than adds to them. The world’s appetite for computation, energy, and progress will never stop growing. Crusoe is here to bring energy to ideas in ways that are aligned with the needs of our climate. To learn more, visit www.crusoeenergy.com and follow Crusoe on Linkedin and Twitter.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed