HomeMarch 28, 2017
Parent of Retail Supplier Exploring Sale of Energy Services, HVAC Unit
Copyright 2017 EnergyChoiceMatters.com.
Talen Energy announced that it is exploring a sale of its Talen Energy Services business line.
Talen Energy Services is comprised of eleven mechanical contracting companies located in the Northeast and Mid-Atlantic. The companies operate under established local brands and provide comprehensive mechanical contracting services to a diverse array of clients primarily within the industrial (heavy and light), institutional, and commercial sectors. Core service offerings include process piping, HVAC construction and service and maintenance, energy service / savings, plant maintenance, sheet metal and other capabilities.
Talen Energy Services generated EBITDA of approximately $22 million for the fiscal year ended December 31, 2016.
"The announced strategic alternatives and sale process is consistent with Talen Energy's strategy to divest non-core assets within its portfolio and focus on cash flow generation from its core power generation business," Talen said
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