HomeMay 1, 2019
Parent Of Retail Supplier Acquires Broker
Proceeds Disclosed
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On March 1, 2019, Retail Consulting Project Co. 2, LLC acquired 100% of the equity in Usource, Inc. from Unitil
Usource, Inc. is the parent of broker Usource, L.L.C.
Unitil disclosed that the pre-tax net gain from the divestiture of Usource was approximately $13.4 million
Unitil recognized a one-time net gain of $9.8 million from the sale of Usource. Unitil used the net proceeds of $9.8 million from this divestiture for general corporate purposes.
Ownership information for Retail Consulting Project Co. 2, LLC could not immediately be confirmed
However, the similarly named Retail Consulting Project Co. 1, LLC, which last year acquired the broker Premier Power Solutions, is a wholly owned subsidiary of NextEra Energy, Inc.
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