Blue Earth completes acquisition of refrigeration efficiency firm Castrovilla

Blue Earth Inc. closed its acquisition of Castrovilla Inc., a Mountain View, Calif. commercial refrigeration efficiency and energy-audit services firm, for $2.15 million in restricted stock plus $200,000 for debt retirement.

“HENDERSON, Nev. - 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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