HomeJune 29, 2021
Private Equity Firm Closes On Acquisition Of Retail Energy Supplier
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Effective June 16, 2021, Gainline Equity Fund LP ('Gainline') has indirectly acquired a majority of the limited liability company interests in Atlantic Energy Group LLC ('Atlantic Energy Group'), which is the direct parent company of retail energy supplier Atlantic Energy MD, LLC
The transaction had been first reported by EnergyChoiceMatters.com in April
Atlantic Energy MD, LLC is now 100% indirectly owned by Gainline Atlantic Acquisition Inc., a new company formed to own Atlantic Energy Group and indirectly majority-owned by Gainline.
Atlantic Energy said that the transaction will not result in any changes to Atlantic Energy MD, LLC’s operating personnel or management.
Gainline Equity Fund LP is an investment fund vehicle of a private equity firm headquartered in North America that invests in U.S.-based middle market companies. Gainline is controlled by its general partner, Gainline Equity Fund GP LLC.
See more details concerning the transaction in our prior story here
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