Retail Supplier Blue Pilot Energy in Acquisition Mode, Seeks Distressed Books

Retail supplier Blue Pilot Energy, has announced an "aggressive" purchase and acquisition strategy of energy resale providers.

"It is our goal to execute quick closings and transactions," said Blue Pilot Energy President Greg Rosebeck, who noted that the severe winter weather has forced some energy providers to suspend service and default their customers to the customers' incumbent electric utility.

"We will act quickly to prevent default and a total loss," Rosebeck said, stating that Blue Pilot energy may provide immediate access to capital and credit facilities to stave off additional collateral requirements and ultimate default.

Blue Pilot supplies electricity and other energy services in Pennsylvania, Connecticut, Maryland, New York, Ohio, and New Jersey