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Parent of Retail Supplier Exploring Sale of Energy Services, HVAC Unit

March 28, 2017

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Copyright 2010-17 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com

Talen Energy announced that it is exploring a sale of its Talen Energy Services business line.

Talen Energy Services is comprised of eleven mechanical contracting companies located in the Northeast and Mid-Atlantic. The companies operate under established local brands and provide comprehensive mechanical contracting services to a diverse array of clients primarily within the industrial (heavy and light), institutional, and commercial sectors. Core service offerings include process piping, HVAC construction and service and maintenance, energy service / savings, plant maintenance, sheet metal and other capabilities.

Talen Energy Services generated EBITDA of approximately $22 million for the fiscal year ended December 31, 2016.

"The announced strategic alternatives and sale process is consistent with Talen Energy's strategy to divest non-core assets within its portfolio and focus on cash flow generation from its core power generation business," Talen said

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