On June 30, 2016, Opal Energy Corp. completed an acquisition among the company, Versus, LLC, Opal Energy (Holdco) Corp. (NewCo) and the members of Versus, whereby NewCo acquired 100% of the membership units of Versus, pro rata, from the selling members.

The company announced that effective on the closing of the transaction, Wayne Tisdale, David Hughes, Brandon Boddy, Michael Curtis and Gerald Tuskey resigned as directors of the company and were replaced by Matthew Pierce, Keyvan Peymani, Brian Tingle, Michelle Gahagan and Paul Vlasic. Additionally, Wayne Tisdale resigned as chief executive officer and David Hughes resigned as chief financial officer and were replaced by Matthew Pierce as chief executive officer and Craig Finster as chief financial officer.