EMEX Acquires Majority Interest in Texas Broker

EMEX, LLC announced today it has created a new subsidiary, EMEX Consolidated Partners (ECP), which has in turn acquired all of the assets of Texas Energy Aggregation, LLC (TEA).

TEA will hold a minority ownership interest in the newly created subsidiary, ECP.

EMEX will significantly enhance its presence in the Texas retail energy market through this transaction, the company said

"By acquiring TEA's assets, we're augmenting our focus in the government sector and providing TEA with several avenues for enhanced business, including access to new products and every open market in the country, as well as the ability to provide more customers with our revolutionary reverse auction platform. EMEX will in turn gain access to TEA's energy efficiency and sustainability initiatives, adding new services to our portfolio that we may now offer to clients," said Dan Marzuola, EMEX, LLC President and Managing Director of ECP.

The partnership with EMEX will increase TEA's presence in other states, said TJ Ermoian, President of TEA.