|
|
|
|
Affiliate Of Retail Supplier To Acquire CPower Energy Management
The following story is brought free of charge to readers by EC Infosystems, the exclusive EDI provider of EnergyChoiceMatters.com
LS Power, an affiliate of retail supplier LifeEnergy, LLC, announced that it has signed a definitive agreement to acquire Enerwise Global Technologies, Inc. (trade name "CPower") from H.I.G. Capital for a private fund it manages.
CPower provides demand response and distributed energy resources in North America and will continue to operate as a stand-alone entity under the LS Power umbrella of companies.
The transaction is expected to close in December 2018. Financial terms were not disclosed.
"This acquisition underscores LS Power's ongoing focus on deploying its considerable power market expertise in critical and growing sectors of the market," LS Power said
"CPower is a well-established leader in demand response and distributed energy resources across all key power markets, with a high- quality customer base and talented, cohesive and dedicated management team," said David Nanus, Co-Head, Private Equity, LS Power. "This acquisition gives LS Power the opportunity to support the continued growth of CPower's unmatched energy management platform through the advancement of its proprietary technology, development of new products and ongoing delivery of superior customer service."
LS Power said the transaction will allow CPower to more quickly advance its growth strategies
ADVERTISEMENT Copyright 2010-16 Energy Choice Matters. If you wish to share this story, please
email or post the website link; unauthorized copying, retransmission, or republication
prohibited.
November 29, 2018
Email This Story
Copyright 2010-17 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
Note: This story was first published at 1:35 p.m. on Nov. 30 with an alert to our email subscribers
NEW Jobs on RetailEnergyJobs.com:
• NEW! -- Regulatory & Compliance Analyst -- Retail Supplier
• NEW! -- Sales Quality & Training Manager -- Retail Energy
• NEW! -- Regulatory Specialist -- Retail Supplier
• NEW! -- Sales Analyst / Senior Level -- Retail Supplier
• NEW! -- Director of Sales & Marketing -- Retail Supplier -- Houston
• NEW! -- Sales Director -- Houston
• NEW! -- Director of Sales
• NEW! -- Energy Sales Representative
• NEW! -- Manager Business Field Sales -- Retail Energy
• NEW! -- Senior Energy Consultant
|
|
|