Parent Of Retail Supplier, Broker Engages Investment Banking Firm RE: Potential Sale of "Key Assets"
PowerOne Corporation announced that it has signed a letter of engagement with investment banking firm, Xnergy Financial LLC, a FINRA and SIPC Member Broker/Dealer.
Xnergy has been engaged to assist the Company in its financing needs.
"Additionally, Xnergy's mergers and acquisitions team is providing advisory services regarding the potential sale of one of PowerOne's key assets," PowerOne said
PowerOne is engaged in brokering and in 2015 completed the purchase of retail supplier ResCom Energy LLC
Xnergy is currently advising PowerOne on financing including both equity and debt components. Proceeds of any financing will be used to support an increase in customer base, energy purchases and the possible expansion into new service territories.