Halifax-based Seaforth Energy Inc. acquires Entegrity Wind Assets
Buy out consolidates world's largest and longest running 50kW turbine fleet.Comments Off on Halifax-based Seaforth Energy Inc. acquires Entegrity Wind Assets
Commercial-class wind turbine manufacturer, Seaforth Energy Inc., announced the acquisition of the assets and intellectual property of Prince Edward Island’s Entegrity Wind Systems Inc. The acquisition brings together the AOC 15/50 and EW 50 turbines, which collectively represent the world’s largest and longest-standing active fleet in their size class.
"Together with our recent $2-million financing round, this acquisition positions Seaforth Energy and the AOC 15/50 to build on its dominant position in fleet size and proven longevity," said Jonathan Barry, president of Seaforth Energy. "We are building on the experience and strengths of both turbines to ensure the durability and performance continue to get better."
Based in Halifax, Nova Scotia, Seaforth Energy has two complementary lines of business. The company manufactures and exports the AOC 15/50, the most proven and longest-running 50kW wind turbine worldwide. The AOC 15/50 is sized for institutional, commercial, industrial, agricultural and remote applications. Seaforth Energy’s renewable energy systems integration group provides design, engineering, construction, installation and maintenance for renewable energy solutions to residential, commercial, industrial and institutional clients.
The company is integrating the common platform shared by the two wind turbines. As part of the project, Seaforth Energy is partnered with service providers in the United States and distributors worldwide to support the installed fleet.
"This acquisition brings together two very complementary 50kW turbines, the AOC 15/50 and the EW 50, into a single product offering," said Stan Mason, chief engineer and co-founder of Seaforth Energy and Seaforth Engineering Group. "We are using our resources, experience, and R&D from both product lines to ensure we have the best path forward and a solid approach to support existing and future customers."
The acquisition comes at a time of considerable export momentum for the company. The AOC 15/50 has been installed worldwide, including in Canada, the United States, the Caribbean, the United Kingdom, Ireland, Italy, Morocco and India. The company is currently delivering on new contracts in many of those markets and pursuing several major new ones.
"This acquisition allows Seaforth Energy to accelerate its dominance in the 50kW turbine market internationally," said David Lombardi, chair of Seaforth Energy and president of Seaforth Engineering Group. "Our vision of building world-class renewable energy solutions from Nova Scotia is happening faster than ever."