Charge Enterprises Announces Acquisition of Greenspeed Energy Solutions, a Leader in Providing EV Infrastructure Solutions
Select Financial Highlights
Increases Infrastructure Backlog of approximately $138 million as of June 30, 2023, by approximately $12 million, with EV infrastructure projects now representing 34%
The transaction is expected to be accretive to both EBITDA and free cash flow in the first full year of ownership
Strategic Highlights
Broadens customer footprint and recurring revenue capabilities
Expands Charge's in-house capability to self-perform work in 25 states
Further solidifies EV infrastructure experience with visionary team, customers and technology
Enhances auto dealership network and increases combined EV charging installation experience to over 600 chargers install
