WaterFurnace International Inc. announced the acquisition of a 5 percent ownership position in GI Endurant, LLC. As per the agreement, WaterFurnace will also supply equipment to GI Endurant. Terms of the deal were not disclosed.
GI Endurant was born from the acquisition of Chicago-based Endurant Energy, LLC by UK-based Geothermal International Ltd. GI Endurant's core business was built around sustainable distributed energy and power generation assets. It focuses on Combined Heat and Power projects that provide clean and reliable electricity, thermal energy and back-up power, as well as ground source heat pump projects.
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by RTT Staff Writer
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