M&A
confidence medium
sentiment neutral
materiality 0.70
Tecogen acquires 202 maintenance contracts, assets from Aegis; reports Q4 earnings
TECOGEN INC.
- Definitive agreement to assume 202 cogeneration maintenance agreements; closing targeted April 1, 2023.
- Tecogen to pay $170,000 for vehicles and purchase at least $300,000 of inventory by June 30, 2023.
- Tecogen offers employment to eight Aegis employees on same or better terms at closing.
- Post-closing consideration includes a share of maintenance service collections; full terms in Exhibit C.
- Q4 2022 and full-year earnings released; specific figures not disclosed in filing text.