# One Energy Enterprises to merge with TortoiseEcofin Acquisition Corp. III

One Energy Enterprises Inc., an industrial power solutions provider, and TortoiseEcofin Acquisition Corp. III entered into a definitive business combination agreement. The transaction values One Power at an implied pre-money enterprise value of $300 million.

- Type: Acquisition
- Announced: 2023-08-15
- Where: United States
- Value: $300.0M
- Status: announced
- Products: behind-the-meter power solutions, wind energy
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [One Energy Enterprises](https://endata.com/companies/4057.md)
- [One Energy Enterprises](https://endata.com/companies/4057.md) (target)
- [TortoiseEcofin Acquisition Corp. III](https://endata.com/companies/72066.md) (acquirer)

## Sources

- [businesswire.com](https://www.businesswire.com/news/home/20230815535700/en/One-Energy-Enterprises-Inc.-an-Industrial-Power-Solutions-Company-and-TortoiseEcofin-Acquisition-Corp.-III-Announce-Execution-of-a-Definitive-Business-Combination-Agreement-to-Form-One-Power-Company), 2023-08-15: "One Power, believes it is building Utility 2.0, a decentralized, customer-centric power grid that empowers industrial clients to produce their own on-site, renewable energy."
- [nelsonmullins.com](https://www.nelsonmullins.com/insights/news/press_releases/one-energy-enterprises-inc-and-tortoiseecofin-acquisition-corp-iii-announce-combination-agreement-to-form-one-power-company), 2023-09-05: "One Energy Enterprises Inc. operates as an integrated provider of industrial power solutions and holds the position of being the largest installer of behind-the-meter, megawatt-scale wind energy systems in the United States."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.