Mr. Leonard Jaroszuk reports

ENTERPRISE GROUP SIGNS AGREEMENT TO ACQUIRE THE CANADIAN OPERATIONS OF FLEXENERGY SOLUTIONS

Enterprise Group Inc. has signed a purchase and sale agreement to acquire 100 per cent of the shares of Flex Leasing Power and Service ULC from Flex Leasing Power and Service LLC for a purchase price of $20-million, subject to certain adjustments. Enterprise and FlexEnergy USA are finalizing the necessary documentation and anticipate closing the acquisition within the next few days. The acquisition will be financed using existing cash reserves and the company's new credit facility.

With this strategic transaction, Enterprise will become the exclusive supplier for FlexEnergy turbines in Canada, further solidifying its market leadership and positioning Enterprise at the forefront of addressing the growing demand for reliable and efficient natural gas to electric power solutions across Canada and various industries.

The acquisition comes at a critical time as the North American power grid faces widespread challenges due to inadequate maintenance, with increasing societal and industrial electricity demands leading to more frequent power disruptions. Enterprise's acquisition of FlexEnergy Canada, a leader in natural gas turbine technology, significantly enhances its capability to provide energy solutions that are both efficient and environmentally responsible.

FlexEnergy Solutions' turbine technology, renowned for its efficiency, low-emission performance and industry-leading fuel tolerance, has been a proven solution in Canada's most demanding, extreme environments. The technology's robust performance is critical for industries ranging from remote power requirements and manufacturing to artificial intelligence data centres, which are increasingly relying on natural gas due to its rapid growth and sustainability as a power source.

With this acquisition, it not only expands its fleet by adding 17 turbine generators but also establishes a platform from which to add FlexEnergy Solutions' innovative 2.0-megawatt unit that meets the highest standards of power generation efficiency. Additionally, the acquisition includes several long-term lease and service contracts, ensuring a steady stream of recurring revenue.

The integration of FlexEnergy Canada into Enterprise Group will enhance the company's offerings significantly. Not only will Enterprise continue to meet temporary and project-based power needs, but it will also provide permanent installation solutions with long-term lease options catering to a wider range of customer needs across all industries.

The acquisition also includes a team of highly trained specialists, ensuring continued excellence in turbine technology and operations. This expansion aligns with the growing trend toward mobile, temporary natural gas power solutions, which offer a more cost-effective and environmentally friendly alternative to traditional diesel.

"We are thrilled about the possibilities this acquisition presents to us," said Leonard D. Jaroszuk, chief executive officer and chairman of Enterprise Group. "With the expanded capabilities and resources, we are now better positioned to scale our aggressive natural-gas-to-electricity expansion strategy across Canada and into new markets. We are committed to leading the transition to more sustainable energy solutions."

Enterprise Group's enhanced product line and expertise position the company to capitalize on the expanding opportunities across all industrial sectors, providing reliable, efficient and sustainable solutions to an ever growing client base.

"We are excited about the potential of the Canadian power generation market and have found a great distribution partner in Enterprise Group Inc. and their group of companies," says Doug Baltzer, chief executive officer of FlexEnergy Solutions. "This team brings broad operational expertise and deep customer relationships to the market, and we look forward to supporting them as they grow. FlexEnergy Solutions has grown a strong team and a robust asset base in Canada over the past 10 years. We are proud that this team will continue to support the market as part of Enterprise Group Inc."

About Enterprise Group Inc.

Enterprise Group is a consolidator of services -- including specialized equipment rental to the energy/resource sector. The company works with particular emphasis on systems and technologies that mitigate, reduce or eliminate carbon dioxide and greenhouse gas and other harmful emissions for itself and its clients. The company is known to local Tier 1 and international resource companies with operations in Western Canada.

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