Green Rebates, a rebate and incentive management company specializing in the horticulture industry, has entered an agreement to acquire Seinergy in a move that will create the largest dedicated energy rebate platform for cultivators. The acquisition unites Green Rebates' horticulture expertise with Seinergy's experience in energy incentives and policy for cannabis growers. The acquisition is set to close in December 2024. Upon finalizing the deal, Seinergy will operate as a wholly owned subsidiary of Green Rebates.
"Green Rebates has experienced explosive growth over the past three years, and we've been strategically pursuing opportunities to accelerate this momentum, expand our reach to new growers and forge deeper partnerships with utility providers. Our acquisition of Seinergy allows us to do just that," said Dylan Collins, CEO of Green Rebates.
"My longstanding relationship with Bob Gunn has given me firsthand insight into his exceptional industry expertise. Seinergy's unwavering commitment to customer success and core values mirror our own," Collins added. "Integrating Seinergy into the Green Rebates family represents a significant milestone in our company's journey, one that we’re confident will create new opportunities for growth for our combined customer base."
The strategic combination joins two companies specializing in utility rebates and energy management. Gunn's leadership will strengthen Green Rebates' expertise and deepen its utility provider partnerships, while Seinergy will leverage Green Rebates' vast resources and established industry relationships. The combination empowers both companies to deliver an expanded suite of services, offering growers flexibility to optimize their operations. Seinergy's customers will also gain access to Green Rebates' innovative financing solutions for select projects.
Green Rebates and Seinergy have secured a combined $135 million in rebates for growers throughout the country to date, and, according to Collins, this value is expected to climb upon the acquisition's close.
