Energy One Limited (ASX:EOL) entered into an agreement to acquire CQ Energy Pty Ltd for AUD 36 million on January 31, 2022. The initial payment comprises AUD 26.4 million cash and AUD 6 million in the form of 981,999 EOL shares. The acquisition will be funded using a combination of debt and equity. The later cash instalment will be funded internally from cash flow. The company has 20 staff and over 30 customers. Sebastian Stevens of BDO Corporate Finance Pty Ltd acted as financial due diligence provider to Energy One Limited.

Energy One Limited (ASX:EOL) completed the acquisition of CQ Energy Pty Ltd on April 26, 2022.