HomeApril 4, 2017
Satori Energy Acquires Broker-Consultant
Copyright 2017 EnergyChoiceMatters.com.
David C. Wiers, President of Satori Energy, announced that Satori Energy has acquired the assets of Chicago-based Energy Choices, Inc.
Energy Choices has operated since the beginning of deregulation in Illinois and offered brokering and procurement consulting for electricity and natural gas, as well as related energy management service, including demand response.
Energy Choices serves over 200 customers, mostly in Illinois (all within PJM).
The transaction is the eighth acquisition by Satori Energy since 2014, which continues Satori’s pattern of targeted growth.
Wiers said of the transaction, "I have known the founders of Energy Choices for over 13 years and we have always had a great professional relationship, especially working within the Illinois Energy Professionals Association (ILEPA). Satori is excited to welcome new members to our team as well as hundreds of new clients that will benefit from Satori’s robust back-office platform."
Two full-time employees were included in the acquisition. The transaction closed in late March 2017. Terms were not disclosed.
Satori Energy currently serves over 55,000 accounts
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