Green Rebates, a leading company specializing in rebate and incentive management within the horticulture industry, announced today that it has reached an agreement to acquire Seinergy. This strategic move will create the largest energy rebate platform tailored specifically for cultivators. By combining Green Rebates’ renowned expertise in the horticulture sector with Seinergy’s in-depth knowledge of energy incentives and policies for cannabis growers, the acquisition will provide enhanced services to a broader customer base. The deal is expected to close in December 2024, with Seinergy transitioning to a fully owned subsidiary of Green Rebates upon completion.
The acquisition marks a significant milestone for Green Rebates, which has seen substantial growth over the past three years. The company has been actively seeking opportunities to build on this momentum, expand its customer reach, and establish deeper relationships with utility providers. The integration of Seinergy will serve as a catalyst for further growth, enabling Green Rebates to enhance its service offerings for growers across the country.
“We’ve been pursuing strategic opportunities to accelerate our growth, extend our services to more growers, and deepen our partnerships with utility providers,” said Dylan Collins, CEO of Green Rebates. “The acquisition of Seinergy allows us to achieve all of that and more. The combination of our horticulture expertise with Seinergy’s energy incentive knowledge will create new opportunities for growth, not just for us, but for our expanded customer base.”
Collins also highlighted his longstanding professional relationship with Seinergy’s founder, Bob Gunn, as an important factor in the deal. “I’ve had the privilege of working closely with Bob Gunn, and I’ve seen firsthand his exceptional industry knowledge and dedication to his clients. Seinergy’s core values and commitment to customer success align perfectly with our own at Green Rebates. Bringing Seinergy into the Green Rebates family is a significant step forward in our journey and one that we’re confident will benefit our customers and partners.”
The acquisition brings together two industry leaders in utility rebates and energy management. Bob Gunn, the founder and CEO of Seinergy, will continue to play an important role in the combined organization, providing leadership that will further strengthen Green Rebates’ expertise and broaden its utility provider relationships. In turn, Seinergy will benefit from Green Rebates’ extensive resources and well-established relationships within the horticulture sector.
“The opportunity to integrate our team with Green Rebates is a game-changer,” said Gunn. “I’m excited to collaborate with Dylan and his team to deliver even more value to our customers. Our combined expertise in utility rebates and energy efficiency will allow us to execute projects more quickly and with less upfront cost for our clients. This merger will give us the ability to maximize our partnerships, negotiate more effectively, and scale our operations in ways that will directly benefit our customers.”
The acquisition creates new opportunities for both Green Rebates and Seinergy customers. Growers will now have access to a broader array of services, including flexible options for optimizing their operations, as well as innovative financing solutions for select projects. Seinergy’s customer base will also benefit from Green Rebates’ advanced rebate management systems and customer-centric approach.
To date, Green Rebates and Seinergy have collectively secured over $135 million in rebates for growers across the United States. This figure is expected to rise significantly upon the finalization of the acquisition. According to Collins, the partnership between the two companies will enhance their ability to provide even greater rebate opportunities, further solidifying their leadership position in the energy rebate and incentive management space.
“This acquisition is about more than just growth; it’s about expanding our ability to serve growers with innovative, tailored solutions that drive real value,” Collins said. “By joining forces with Seinergy, we’re creating a more powerful platform that will help our customers access the best possible rebates and incentives, empowering them to grow more efficiently and sustainably.”
In conclusion, the acquisition of Seinergy by Green Rebates signals a new era of growth and innovation in the horticulture and energy rebate sectors. With the combined expertise and resources of both companies, the newly formed entity is well-positioned to become the go-to solution for cultivators seeking to optimize their energy efficiency and maximize their rebate potential. As the deal is set to close later this year, both companies look forward to the expanded opportunities and stronger customer relationships this partnership will bring.
