Marketer Acquires Retail Supplier & Broker
February 8, 2021 Email This Story Copyright 2010-21 EnergyChoiceMatters.com
Reporting by Paul Ring • firstname.lastname@example.org
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Shipley Energy announced the book acquisition of Ohio-based retail supplier and broker, Lykins Energy Solutions and Lykins Energy Advisors, effective January 15, 2021.
Lykins Energy Solutions provides residential, commercial, and industrial supply to end users in Ohio, while Lykins Energy Advisors provides broker and consulting services to commercial and industrial consumers.
"Lykins Energy Advisors is also uniquely positioned to provide consulting for substations, transmission services, and new electricity project implementations," Shipley said
Jeff Lykins President and CEO of Lykins Energy Solutions said, "The Strategic plan to divest the electricity side of our business was made after careful consideration of what was best for our clients and employees. Our long relationship with Shipley Energy and their team made them the perfect choice."
Regarding the acquisition, Shipley Energy President Matt Sommer stated, "Our companies have a long-standing relationship and bringing the electricity business on board is a natural fit. Acquiring Lykins Energy Solutions and Lykins Energy Advisors gives Shipley Energy the opportunity to serve additional customers and grow our commercial presence in Ohio. We look forward to bringing the Lykins team on board and growing the collective business."
Shipley Energy is one of the largest privately held energy companies based in Pennsylvania, serving electricity, natural gas, wholesale petroleum products, heating oil, propane, and HVAC services to residential, commercial, and wholesale customers through multiple brands in the Northeast.
"While in business for over 90 years, Shipley Energy continues to reinvent the customer experience, with a focus on making energy easy for consumers. Shipley Energy has been the recipient of many voter choice awards for HVAC services and boasts the first carbon-neutral heating oil offer through its brand, Harmony Fuels," Shipley said