HomeAugust 24, 2016
Spark Energy, Inc. Closes Major Energy Acquisition
Copyright 2016 EnergyChoiceMatters.com.
Spark Energy, Inc. announced that the company has completed its acquisition of the Major Energy retail suppliers.
Spark expects the acquisition to be immediately accretive to earnings.
"Major Energy enhances our leading position in the Northeast markets we serve and gives Spark an additional established brand along with 220,000 RCEs," said Nathan Kroeker, Spark's President and Chief Executive Officer. "We expect to realize multiple top and bottom line synergies as we work to fully integrate Major Energy into the Spark platform."
"Looking forward, we are excited for the Company's future as we continue to evaluate several acquisition opportunities that could be potential drop-downs to Spark," said W. Keith Maxwell III, National Gas & Electric's Chief Executive Officer and Founder and Chairman of Spark
Major Energy represents the seventh acquisition by Spark since its initial public offering on August 1, 2014.
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