Crusoe Energy Systems Acquires Easter-Owens Electric

Posted on 06/26/2022

On June 22, 2022, Crusoe Energy Systems LLC acquired Denver-based Easter-Owens Electric Co., the manufacturer of modular data centers and specialized electrical systems. The acquisition follows several years of close cooperation between the companies as Crusoe has optimized and scaled its fleet of modular data centers that eliminate natural gas flaring and related emissions. The acquisition of Easter-Owens represents an extension of Crusoe’s existing strategy to vertically integrate key operational capabilities across climate-aligned power sourcing, modular infrastructure systems and digital technologies.

Crusoe looks forward to investing in and expanding Easter-Owens’ existing employee base, technologies and facilities to accelerate the expansion of Crusoe’s Digital Flare Mitigation, Crusoe Cloud, and other data center operations.

Crusoe currently operates approximately 100 modular data centers that consume otherwise flared natural gas across Montana, North Dakota, and Colorado and has planned expansions to additional domestic and international areas of operation, as well as new carbon-reducing power sources. Since launching in 2018, Crusoe is a major American Bitcoin validator. Crusoe Energy Systems has backing from investors such as sovereign wealth funds including the Oman Investment Authority (OIA).

Easter-Owens is a third-generation family business with a history in the Denver community and the electrical design and fabrication industry and has been a major supplier to Crusoe since 2020. Easter-Owens has provided fabrication services for businesses and governments since its founding in 1955. Crusoe, founded by two Denver natives, aims to expand upon the strong foundation laid by the Easter family. The Easter family will assist and consult with Crusoe’s management team throughout the integration process.

Get News, People, and Transactions, Delivered to Your Inbox