On November 30, 2022, Spark Power Solutions Inc., a wholly-owned subsidiary of Spark Power Group Inc., successfully completed the sale of its Bullfrog Power Inc. business unit, including its United States business carried on through Bullfrog Solutions USA Inc. and its subsidiaries, to Envest (Canada) Holdings Corp., a wholly owned subsidiary of Envest Corp., for total cash proceeds of up to $35 million, subject to customary post-closing adjustments and including an earnout of up to $3.5 million, payable over a maximum of five years.
Cassels acted for Spark Power.