QualityStocksNewsBreaks – Kontrol Energy Corp. (CSE: KNR) (OTCQB: KNRLF) (FSE: 1K8) Enters LOI to Acquire Leading Provider of Electrical Retrofit Services
Kontrol Energy Corp. (CSE: KNR) (OTCQB: KNRLF) (FSE: 1K8), a leader in the energy efficiency sector, this morning announced its entry into a letter of intent to acquire an established and leading provider of electrical retrofit services (the “Target”). Per the update, the Target has been providing the Canadian market with high quality, value-added electrical efficiency services and retrofit applications for more than 15 years. It has reported averaged unaudited revenues of over $6.5 million and normalized EBITDA of approximately $700,000 over the past three years. The proposed purchase price is C$3 million, subject to working capital adjustments with a…