ENGIE Resources today announced it has closed on its acquisition of Plymouth Rock Energy based in Woodmere, NY.
"The transaction, which has received approval from the Federal Energy Regulatory Commission and became effective December 19, 2018, will enable ENGIE Resources to expand its natural gas and electricity presence in seven states and by more than 20,000 customers," the company said
Plymouth Rock Energy, LLC serves approximately 465,000 Residential Customer Equivalents and operates in 39 utility markets in the following 7 states: New York, New Jersey, Pennsylvania, Maryland, Ohio, Illinois, and Massachusetts.
ENGIE said that Plymouth Rock customers will have direct access to ENGIE's growing portfolio of energy products and services.
"Plymouth Rock presented an opportunity for ENGIE Resources to more than triple the number of natural gas utility service territories for its operations and to dive deeper into several key existing electricity markets," ENGIE said
"We are very happy with the purchase, and the fine job done by Plymouth staff to build this portfolio of customers," said Graham Leith, Senior Vice President, Head of Retail, ENGIE Resources. "Plymouth's customers will join our portfolio of over 25,000 commercial and industrial power and natural gas customers, expanding our market share in metropolitan New York."
Plymouth Rock follows other recent acquisitions by ENGIE in North America, including Donnelly Mechanical Corporation (New York, NY), Unity International Group (Flushing, NY), and TryState Mechanical Inc. (New York, NY), further strengthening ENGIE's platform to deliver energy supply, energy optimization, and building modernization services that help commercial, industrial, and public sector customers achieve value.