Retail Supplier Confirms Acquisition of Broker's Assets

Lykins Oil Company d/b/a Lykins Energy Solutions, which acts as both a retail electric supplier and as a broker in Ohio, confirmed that it acquired certain assets of Ohio-based broker Step Resources, LLC at the end of 2015

Lykins formally confirmed the acquisition in an application for an Illinois electric agent, broker, and consultant license

Previously, both Lykins and Step Resources had declined to substantively address Matters' questions concerning a possible acquisition when we first heard market chatter about it in January.

In addition to electricity supply and brokering, Lykins is a full service oil company providing, delivering, and transporting propane, heating oil, kerosene, gasoline, diesel fuel, biofuel, and related services