AEG Retained to Run Process for Mid-Sized Retail Electricity Provider Selling Its Retail Energy Business
AEG Affiliated Energy Group has been retained by a retail electricity provider (Energy Service Company, or “ESCO”), seeking a well capitalized purchaser of its business, customer portfolio and certain related assets. AEG specializes in energy-related mergers and acquisitions, due diligence services, and energy procurement.
“This deal, which is not a distress deal, presents an efficient opportunity to enter or expand into the mass market retail electricity space with an attractive customer portfolio,” said AEG's Chad Price. “Our client has a creditworthy portfolio of both residential and commercial customers, with bad debt historically below one percent. Our client wishes to complete the deal by year's end, after which our client believes long term capital gains tax rates may substantially change in the wrong direction,” noted Price.
AEG Affiliated Energy Group's Team has closed three mergers and acquisition deals specifically in the retail energy space in roughly the past year. AEG's Team expects to close two additional M&A deals as well as a substantially sized debt/financing deal (both specifically involving the retail electricity market) by year's end, with several more deals in the pipeline.
With clients ranging from regional privately held ventures to multinational publicly traded utilities and conglomerates, AEG is the preeminent mergers and acquisitions advisor within deregulated energy markets. AEG also provides financial and advisory services specializing in wholesale and retail energy procurement and advisory services relating to wholesale supply facilities.
Notices and About AEG Affiliated Energy Group
THIS ANNOUNCEMENT APPEARS AS A MATTER OF RECORD ONLY AND IS NOT TO BE CONSIDERED ANY ADVICE OR ANY TYPE OF OFFER OR SOLICITATION WITH RESPECT TO ANY SECURITIES, COMMODITIES, REAL PROPERTY, OR ANY OTHER PROPERTY. The above referenced transaction, if consummated, will entail solely a sale of certain assets to institutional qualified purchasers. AEG is an energy and financial services firm headquartered in Houston, Texas. Securities transactions processed through Burch & Company, Inc., Member FINRA/SiPC, certain principals of the AEG Group are registered investment banking agents with Burch, and the AEG Group and Burch are not affiliated entities. For more information, visit www.affiliatedenergy.com.
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Scott Black, 214-520-3430 x303