Crusoe Energy Systems LLC (Crusoe) announces that it has acquired Denver-based Easter-Owens Electric Co. (Easter-Owens), 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.
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“I am very happy that Easter-Owens’ team will be part of this fabulous company and couldn’t be more excited for their future with the Crusoe family. I look forward to helping ensure a smooth and successful transition for all involved.”
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 was recently ranked as the No. 1 best small company to work for in Colorado by The Denver Post.
Crusoe’s integration strategy began with a unique approach to power generation by installing, owning and operating large-scale power generation systems fueled by otherwise wasted and flared natural gas. Today Crusoe’s integrated business operations extend across power generation, networking systems, data center automation, software, trading, risk management, logistics, specialized maintenance capabilities, electrical systems, data center design and fabrication, among other areas.
“Crusoe and Easter-Owens have worked together closely for several years, and we see many strategic opportunities through the integration of Easter-Owens’ design and manufacturing capabilities into Crusoe’s business,” said Crusoe’s Co-Founder, President and Chief Operating Officer, Cully Cavness. “I have a great deal of respect for the Easter family and know that the decision to sell their business was made with much care and attention to the culture and mission of the acquiring company. On behalf of the Crusoe team, we are honored to have been selected. To the Easter-Owens employees joining Crusoe, I want to communicate our commitment to help you integrate successfully into our team and to make your future here safe, rewarding and fulfilling.”
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 has become a leading American Bitcoin validator and in 2022 launched Crusoe’s Cloud®, a cloud computing platform optimized for energy-intensive High-Performance Computing (“HPC”) workloads. Crusoe’s combined growth plans will require a significant ramping in data center fabrication, which will be supported by the facilities acquired through Easter-Owens.