HOUSTON, TX -- (Marketwire) -- 07/22/11 -- AEG Affiliated Energy Group has been retained by a retail electricity provider (Energy Service Company, or 'ESCO'), seeking a well capitalized purchaser of its customer portfolio and certain related assets. AEG specializes in energy-related mergers and acquisitions, due diligence services and energy procurement.
'Our client presents an attractive opportunity to enter or expand into the mass market retail electricity space with a small but attractive customer portfolio,' said AEG's Chad Price. 'The company has a reliable system to enroll, serve and manage post-pay and prepay customers in Texas and other markets.'
AEG's Client's customer portfolio consists of residential electricity customers, roughly two-thirds of which are under fixed price contracts.
'The billing and data-management systems of AEG's client are scalable, having an established history and having been built to support electricity and gas customer portfolios in deregulated markets,' noted AEG's Rob Potosky. 'This client's systems present a strong opportunity for a party to enter or expand into the post pay and/or prepay retail energy business by starting with a manageable book and a reliable technology platform.' AEG expects a sale to be completed by end of September 2011.
AEG Affiliated Energy Group closed another M&A transaction involving a different mass market retail energy provider a few weeks ago, as the purchaser's advisor. 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.
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. AEG's Team specializes in energy-related business combinations; wholesale energy procurement; energy advisory services for commercial and governmental end users of energy; and other services such as expert witness services. For more information, visit www.affiliatedenergy.com.
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