Update: Nine Bidders Vie For Retail Energy Supplier Serving 95,000 Customers In PJM, New York

Nine bidders are thus far competing for a retail supplier serving customers in PJM and New York which, as previously reported, initiated a strategic review process

As first reported by EnergyChoiceMatters.com, Equity Transfers, LLC is marketing the retail supplier's business and has retained Preston Ochsner and Ochsner Interests Inc. to assist in obtaining and evaluating offers for the retail energy provider

Ochsner reported strong interest in the provider with nine buyers competing for the business

A deadline of Friday, February 7th has been set for the submission of initial bids.

Interested parties can contact Preston Ochsner for more details, at Preston@OchsnerInterests.com or 713-498-5361

See our original story from November below for more details:

Retail Energy Supplier Serving 95,000 Customers In PJM, New York Evaluating Strategic Alternatives, Goes To Market

A retail energy supplier serving 95,000 residential and small business electricity and natural gas customers in PJM and New York is exploring strategic alternatives

Equity Transfers, LLC is marketing the retail supplier's business and has retained Preston Ochsner and Ochsner Interests Inc. to assist in obtaining and evaluating offers for the retail energy provider

The retail supplier is described as having EBITDA of $9.1 million in 2018, $10.3 million in 2017, and a projected $10 million for 2019

The retail supplier is described as having revenue of $43.9 million in 2018, $38.7 million in 2017, and a projected $50 million for 2019

The retail supplier is described as having a, "lean operation with consistent profit margin."