Procurian Enters Retail Energy Space Through Broker Acquisition

Procurian, Inc., a self-described leading comprehensive procurement solutions provider, has entered the retail energy space through the acquisition of broker Utilities Analyses, Inc.

Procurian had previously offered various demand-side energy management solutions, but had not been engaged in commodity supply procurement.

Utilities Analyses, Inc. last week informed several state utility regulatory agencies of the change of ownership in the company.

Effective on or about August 2012, Procurian, Inc. purchased all outstanding shares of the company from the former owners, Carl, Gayle and Kevin Shaw, Utilities Analyses, Inc. said.

"We will change our name to Procurian Energy at some point in the future, however at this time the date is unknown," Utilities Analyses, Inc. said.

"This is a change of ownership only and does not affect our technical or managerial expertise in providing electric broker services to our customers in your state," Utilities Analyses, Inc. said.

According to a news release announcing the acquisition, Procurian Energy leverages 30 energy specialists who utilize proprietary market intelligence to manage $3 billion of energy spend across more than 60 clients. "Utilities Analyses, Inc. applies current pricing intelligence from its proprietary national and global rate database, that leverages 300,000 monthly client invoices, as well as an unequaled tariff database to uncover, negotiate and ensure realization of bottom-line savings," Procurian said.