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Spartan Acquisition Corp. III (SPAQ) to Combine with Allego in $2.6Bn Deal

Spartan Acquisition Corp. III (SPAQ) to Combine with Allego in $2.6Bn Deal

Spartan III (NYSE:SPAQ) has entered into a definitive agreement to combine with Dutch electric vehicle (EV) charging company Allego at an enterprise value of $2.65 billion, or 12.3x its 2021E revenue. Arnhem, Netherlands-based Allego operates about 26,000 EV charging stations, including ultra-fast charging rigs, across 12 European countries. The combined company is expected to trade
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