Events        Jobs        Contact        Migration Stats        Supplier Lists        Municipal Aggregation
ENGIE Closes Acquisition Of Retail Supplier

December 19,2018



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.

The acquisition had been first reported by EnergyChoiceMatters.com in October

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.

Tags:
M&A   ENGIE  

Comment on this story


ADVERTISEMENT
NEW Jobs on RetailEnergyJobs.com
TPV-SALES-EXECUTIVE -- Back Office Provider -- Other
Sr-Market-Risk-Analyst -- Wholesale Supplier/Trader -- New York - New York City Metro
Energy-Regulatory-Specialist -- Other -- Other
More Stories on RetailEnergyX.com:
FT: Mitsubishi-Backed Retail Supplier 'Prepares Bid' For International Retail Supplier With U.S. Arm
Shell Acquiring 250,000 Customers From U.K. Supplier;' Octopus Acquiring 580,000 Customers
UK Retail Supplier With US Affiliate In Talks To Secure 'New Funding'; Wholesale Prices Challenge
NRG To Trim Costs, Reviews Retail Pricing Structure After Direct Energy Acquisition '
PSEG to Acquire 25% Ownership Interest in Ocean Wind


comments powered by Disqus





Advertise here:
Email retailenergyx@gmail.com


Events Jobs Contact Migration Stats Supplier Lists Municipal Aggregation

About Disclaimer Privacy Terms of Service

Home


Developed by: Avidweb Technologies inc.