Published: May 19, 2025 |

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Enterprise Group has signed a purchase and sale agreement to acquire Flex Leasing Power and Service (FlexEnergy Canada) from Flex Leasing Power and Service for a purchase price of $14.3 million (CAD$20 million). Enterprise and FlexEnergy USA are finalizing the necessary documentation and anticipate closing the acquisition within the next few days.

“We are thrilled about the possibilities this acquisition presents to us,” said Leonard Jaroszuk, CEO and chairman of Enterprise Group.

“With the expanded capabilities and resources, we are now better positioned to scale our aggressive natural gas-to-electricity expansion strategy across Canada and into new markets. We are committed to leading the transition to more sustainable energy solutions,” added Jaroszuk.

Enterprise Group’s enhanced product line and expertise position the company to capitalize on the expanding opportunities across all industrial sectors, providing reliable, efficient, and sustainable solutions to an ever-growing client base.

“We are excited about the potential of the Canadian power generation market and have found a great distribution partner in Enterprise Group and their group of companies,” said Doug Baltzer, CEO of FlexEnergy Solutions.

“This team brings broad operational expertise and deep customer relationships to the market, and we look forward to supporting them as they grow. FlexEnergy Solutions has grown a strong team and a robust asset base in Canada over the past ten years. We are proud that this team will continue to support the market as part of Enterprise Group,” added Baltzer.

With this strategic transaction, Enterprise will become the exclusive supplier for FlexEnergy turbines in Canada, further solidifying its market leadership and positioning Enterprise at the forefront of addressing the growing demand for reliable and efficient natural gas to electric power solutions across Canada and various industries.

The acquisition comes at a critical time as the North American power grid faces widespread challenges due to inadequate maintenance, with increasing societal and industrial electricity demands leading to more frequent power disruptions. Enterprise’s acquisition of FlexEnergy Canada, a leader in natural gas turbine technology, significantly enhances its capability to provide energy solutions that are both efficient and environmentally responsible.

FlexEnergy Solutions’ turbine technology, renowned for its efficiency, low-emission performance, and industry-leading fuel tolerance, has been a proven solution in Canada’s most demanding, extreme environments. The technology’s robust performance is critical for industries ranging from remote power requirements, manufacturing, to AI data centers, which are increasingly relying on natural gas due to its rapid growth and sustainability as a power source.

With this acquisition, it not only expands its fleet by adding 17 turbine generators but also establishes a platform from which to add FlexEnergy Solutions’ innovative 2.0-megawatt unit that meets the highest standards of power generation efficiency.  Additionally, the acquisition includes several long-term lease and service contracts, ensuring a steady stream of recurring revenue.

The integration of FlexEnergy Canada into Enterprise Group will enhance the company’s offerings significantly. Not only will Enterprise continue to meet temporary and project-based power needs, but it will also provide permanent installation solutions with long-term lease options catering to a wider range of customer needs across all industries.

The acquisition also includes a team of highly trained specialists, ensuring continued excellence in turbine technology and operations. This expansion aligns with the growing trend towards mobile, temporary natural gas power solutions, which offer a more cost-effective and environmentally friendly alternative to traditional diesel.

Enterprise Group is a consolidator of services-including specialized equipment rental to the energy/resource sector. The company works with particular emphasis on systems and technologies that mitigate, reduce, or eliminate CO₂ and greenhouse gas and other harmful emissions for itself and its clients. The company is well known to local tier one and international resource companies with operations in Western Canada.

FlexEnergy Solutions is a leader in clean, reliable, on-demand power solutions for industrial and commercial institutions that require consistent, reliable power in 250 kW, 333 kW, and 2 MW offerings. They lease and service the most resilient, clean gas turbines available for off-grid or grid- parallel applications. Their turbines are ideal for remote, extreme climates and customers rely on their ability to deliver the highest quality engineering, power, and support 24/7, 365 days per year.

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