Spark Power Corp Completes Acquisition of Ascent Solutions’ Tillsonburg and Belleville Business

Operations Re-Launched Under Legacy Tiltran and Tal Trees Names

May 13, 2016 Ascent Group Inc. (“AGI”) Acting CEO Rob Kent, and Jason Sparaga, Co-CEO of Spark Power, today announced the completion of Spark Power’s acquisition of certain assets from Ascent Solutions Inc., a transaction first announced on March 7, 2016. The acquired assets include the Tillsonburg and Belleville business operations of Ascent Solutions Inc.

Spark Power will operate the business units under names used prior to each group’s acquisition by Ascent Solutions; Tiltran Power Services Corp. (Tillsonburg) and Tal Trees Power Services Corp. (Belleville). Both will operate as members of the Spark Power Group of Companies but function as autonomous, highly integrated operating teams.

Tiltran and Tal Trees specialize in constructing and maintaining medium to high voltage substations and power lines, engineering services and equipment sales and offer 24/7 emergency response. The combined businesses include 53 employees based in the two locations.

The acquisitions are part of Spark Power’s strategic consolidation of the Canadian power and energy services market. In 2012, Spark acquired renewable energy operations and maintenance specialist, Northwind Solutions, followed in 2014 with the purchase of high voltage services experts Rondar Inc. and power engineering services firm, Pelikan Engineering earlier this year.

The Spark acquisition does not include St. Thomas Energy Inc., the local distribution company owned by the City of St. Thomas and regulated by the Ontario Energy Board. Both Rob Kent and Jason Sparaga stress that St. Thomas Energy customers will not see any changes in service related to this acquisition.

Ascent Solutions Inc. will continue to be owned by AGI. Additionally, AGI will continue to own and operate Ascent Utility Services Inc. which focuses on traffic and street light construction in the Greater Toronto Area, and Ascent Energy Services Inc. which will continue to operate fibre and provide IT services in the City of St. Thomas.

Spark Power Corp is a leader in the Canadian power and energy sector providing development and asset management services to the renewable energy sector and technical services to the industrial, commercial, institutional (“ICI”) and utility markets. Headquartered in Oakville, Ontario, Spark has over 200 employees operating from Belleville, Blenheim, Burlington, Hamilton, Markham, Perth and Tillsonburg.

Contact:
Ascent Group Inc.
Robert Kent
P: 519-631-5550

Spark Power Corp.
Tim Foster
P: 289-407-8716
E: marketing@sparkpower.ca

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