Kontrol Energy Corp. (“Kontrol”, the “company”) closed the acquisition of New Found Air (“NFA”), a building energy and equipment monitoring company, on August 4, 2020, for $2.70 million. According to the company, NFA is debt-free and has generated July 2019 year-end revenue and net income before taxes of $3.70 million and $0.84 million, respectively. The implied acquisition EV/R is 0.73x versus 2.0x for the Electrical components and equipment industry (Source: S&P Capital IQ).
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