HomeMay 18, 2015
Vantage Commodities To Acquire Another Retail Supplier
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Iron Energy, LLC d/b/a Kona Energy sought FERC approval of a transaction of under which 100% of the membership interests in Iron will be sold to Vantage Commodities Financial Services, LLC
Iron is an energy services company authorized to engage in the retail sale of electricity and natural gas to residential and commercial end-users in New York, Illinois, Michigan, Ohio, Pennsylvania, and Texas
At present, Iron is owned 45% by Circle Tree Energy Partners, LLC, 45% by Iron Energy Holdings, LLC, and 10% by the Billy E. Fowler Living Trust. Iron Energy Holdings is owned and controlled by David Luppino, Chad Gallun, and Michael Elhaj. Circle Tree is owned and controlled by Jason Helms, Justin Helms and Billy Fowler
An affiliate of Vantage Commodities Financial Services, LLC recently acquired 100% of the equity interests in Bluco Energy, LLC after a default, though the transaction has been disputed in court
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