Private Equity Firm Closes On Acquisition Of Retail Energy Supplier
June 29, 2021 Email This Story Copyright 2010-21 EnergyChoiceMatters.com
Reporting by Paul Ring • email@example.com
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16, 2021, Gainline Equity Fund LP ('Gainline') has indirectly acquired a majority of the limited
liability company interests in Atlantic Energy Group LLC ('Atlantic Energy Group'), which is
the direct parent company of retail energy supplier Atlantic Energy MD, LLC
Atlantic Energy MD, LLC is now 100% indirectly owned by Gainline Atlantic
Acquisition Inc., a new company formed to own Atlantic Energy Group and indirectly
majority-owned by Gainline.
Atlantic Energy said that the transaction will not result in any changes
to Atlantic Energy MD, LLC’s operating personnel or management.
Gainline Equity Fund LP is an investment fund vehicle of a private equity firm headquartered in North America that invests in U.S.-based middle market companies. Gainline is controlled by its general partner, Gainline Equity Fund GP LLC.