Blue Earth completes $2.15M merger with Castrovilla

Blue Earth Inc. closed its acquisition of Castrovilla Inc. for $2.15 million, paid in restricted Blue Earth shares plus $200,000 for debt retirement. Castrovilla performs energy audits and commercial refrigeration efficiency upgrades for small businesses and utilities in Northern California.

“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.”

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