Overview
- The letter of intent values EnergyAid at about $10 million, to be paid in cash plus new Otovo shares.
- EnergyAid serves California, Arizona and Nevada with roughly 60,000 service jobs completed, 8,000 active customers and 2025 revenue of about $18.7 million.
- Otovo plans to integrate EnergyAid into its U.S. service unit and migrate customers to its subscription offering, which management guides could be accretive to 2026 net income.
- Closing remains subject to definitive agreements, financing availability, due diligence and customary conditions, including no material adverse changes.
- The deal builds on January’s purchase of Solar Service Professionals and targets growth in markets with many orphaned residential systems.