Sell your energy or environmental services company

Yes, once the buyer would hold more than 10 percent of the distributor’s voting securities, or control a corporation holding such a stake as a significant asset. Leave of the Ontario Energy Board must be obtained before closing.

A liquid fuels licence is not transferable, and the new operator must apply for its own licence immediately. The facility may operate for up to 90 days after the application is submitted while the licence is pending.

An Ontario Energy Board licence held by a generator or retailer may be transferred only with leave of the Board. The application is prepared alongside the purchase agreement so that leave is in place by closing.

Service companies adding capabilities or regions, private equity funds building energy transition platforms, infrastructure investors acquiring contracted assets, and utilities and producers integrating service providers. Contracted revenue and the transferability of permits are what each of them reviews first.

In Ontario, the transfer of an environmental compliance approval for a waste disposal site or waste management system also requires the financial assurance under the approval to be updated as part of the transfer.

Not for the sale itself. A record of site condition is filed before a property changes from industrial or commercial use to residential, parkland or another prescribed use. Buyers and lenders typically require an environmental site assessment as part of diligence.