Equiteq is pleased to have advised ERC Equipoise (ERCE) on its strategic merger with Sproule, combining two industry-leading energy and sustainability consulting groups to form Sproule ERCE.
ERCE brings deep expertise in the energy sector, including traditional oil and gas, carbon capture and energy transition. The new company will combine the strengths of both organizations, enhance capabilities, and create unparalleled solutions in the global energy sector.
CEO of ERCE, Jonathan Hull said: “This merger reaffirms our commitment to our clients while enhancing our capacity to provide future-focused solutions. Our combined expertise in subsurface analysis, low-carbon solutions, and strategic advisory services ensures we can meet the needs of a diverse and evolving energy system. The scale and strength of our new organization enable us to offer clients an expansive portfolio of services under one roof and with greater global reach.”
The new company will have a significant presence in key global energy hubs, including offices in Calgary, Denver, Kuala Lumpur, London, Mexico City, Perth, and The Hague. As a leading energy advisory firm in its core competencies, Sproule ERCE will provide unparalleled expertise.
“ERCE is a natural fit with Sproule,” says Sproule’s President and Chief Executive Officer, Jim Chisholm. “The combined geographic footprint covers the globe, with minimal overlap in current regions. There is great alignment in expertise and culture. Still, each brings unique aspects to the combination, allowing a broader and deeper platform to enhance the trusted advisor role that our clients expect. Together, we are better positioned to contribute to an affordable, reliable, and sustainable energy system.”
Commenting on Equiteq’s role in the transaction, Jonathan Hull, said: “Equiteq has been a valued partner to ERCE for nearly a decade, and their guidance during this important transaction was key to achieving a successful outcome. Their deep understanding of consulting business models and the buyer landscape enabled them to provide proactive advice, helping us navigate the process effectively and maintain optionality throughout. We appreciate their dedication and support in securing a result that sets ERCE up for future success.”
Emmanuel Kostucki, Managing Director at Equiteq, added: “It has been a privilege to work with Jonathan Hull, Paul Chernik, James Culley and the ERCE team on this significant merger for the energy consultancy sector. The combined Sproule ERCE group will bring valuable energy market insights to an even wider global client base. We wish the team every success in this next chapter.”
The merger has been approved by both sets of shareholders and officially closed March 26, 2025. Sproule ERCE is committed to ensuring a seamless transition for clients and employees as they begin this new chapter.
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