# Evolution PowerX acquires FlexEnergy Canada for $20 million

Evolution PowerX (formerly Enterprise Group) acquired FlexEnergy Canada for $20 million, gaining 17 turbine generators and service contracts. The deal was valued at about 4.3x trailing three-year EBITDA.

- Type: Acquisition
- Announced: 2025-05-14
- Where: Canada
- Value: $20.0M
- Status: completed
- Products: power generators, turbine generators
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Evolution PowerX](https://endata.com/companies/84749.md) (acquirer)
- [FlexEnergy Canada](https://endata.com/companies/84750.md) (target)

## Sources

- [rockandturner.substack.com](https://rockandturner.substack.com/p/enterprise-group-exciting-new-chapter), 2025-05-14: "The acquisition is immediately accretive."

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