Blue Earth Inc. acquires Castrovilla Inc. for $2.15 million

Blue Earth Inc. closed its acquisition of Castrovilla Inc., a commercial refrigeration efficiency/energy-audit firm, for $2.15 million paid in restricted stock plus debt retirement, establishing Blue Earth in the energy efficiency services sector.

“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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