Juhl Wind, Inc. (OTCPK:JUHL) acquired Power Engineers Collaborative, LLC (PEC) from George Shibayama, Matt Brown and Bryan Eskra for $1.4 million on April 30, 2012. The purchase price consists of $0.75 million in cash and options to purchase shares of common stock of Juhl Wind. Additionally, the sellers shall have the opportunity to receive additional consideration of $0.25 million in cash and 0.5 million shares of Juhl common stock, contingent upon Power Engineers meeting certain performance targets for earnings. Following the acquisition, Power Engineers Collaborative is now a wholly-owned subsidiary of Juhl Wind. Power Engineers Collaborative's management and operations will remain unchanged. Certain employees of Power Engineers, including each of the sellers, entered into employment agreements with Juhl Wind. The transaction is subject to regulatory approval, execution of employment agreements, third party approval and consummation of due diligence investigation. J. Loethen of Synergy Law Group, LLC acted as legal advisor to Juhl Wind. Juhl Wind, Inc. (OTCPK:JUHL) completed the acquisition of Power Engineers Collaborative, LLC (PEC) from George Shibayama, Matt Brown and Bryan Eskra on April 30, 2012.