Blue Earth acquires Castrovilla for $2.15 million in stock and debt retirement

Blue Earth Inc. closed its acquisition of Castrovilla Inc., a Northern California commercial refrigeration energy-efficiency firm, for $2.15 million payable in restricted shares plus $200,000 for debt retirement.

“Blue Earth Inc. announced that it has closed its letter of intent to acquire Castrovilla Inc. Castrovilla was acquired for $2.15 million payable in 1,279,762 restricted shares of Blue Earth common stock valued at $1.68 per share and $200,000 for debt retirement.”

Signals are extracted from public coverage and print archives and pinned to a verbatim quote, presented as reported by their sources; naming a company in a signal is not an accusation against it. The verified mark denotes a high-confidence, corroborated signal. See our methodology and legal notes.