First Reserve Sustainable Growth Corp. (FRSG) to Combine with EO Charging in $675M Deal

First Reserve (NASDAQ:FRSG) has entered into a definitive agreement to combine with EV-charging service EO at an enterprise value of $675 million, or 3.1x its 2023E revenue. The Stowmarket, UK-based firm sells turnkey charging solutions for electrified commercial fleets and consumers. The combined company is expected to trade on the Nasdaq under the symbol “EOC”
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