On October 1, 2018, Just Energy Group Inc. (TSX:JE; NYSE:JE) (“Just Energy” or the “Company”), a leading consumer company specializing in electricity and natural gas commodities, energy efficiency solutions, and renewable energy options, completed its acquisition of all of the issued and the outstanding shares of Filter Group Inc. (“Filter Group”) through a wholly-owned subsidiary of the Company for $15 million in cash consideration, the assumption of approximately $22 million of Filter Group debt, and future performance based earn-out payments. Headquartered in Toronto, Ontario, Filter Group provides under counter and whole home water filtration solutions to residential markets in the Provinces of Ontario and Manitoba and the States of Nevada, California, Arizona, Michigan and Illinois, with over 30,000 customers to date.
Fasken acted as Canadian counsel to Just Energy with a team led by Scott Conover, and including John Sabetti, Chris Steeves and Tom Peters.
