AEG to Explore Merger & Acquisition Opportunities
for Client in Retail Electricity Market
April 22, 2008
HOUSTON, Apr 22, 2008 (BUSINESS WIRE) -- AEG Affiliated Energy Group has been retained by a mid-size Texas retail electricity provider seeking to explore strategic merger, acquisition and sale opportunities. AEG is fielding inquiries for its client on a blind inquiry basis. AEG provides a range of financial services specializing in wholesale and retail energy procurement and hedging strategies, energy-related mergers, acquisitions and venture capital transactions, and various other services.
"We believe the Texas retail energy market is ripe for opportunities to decrease costs through carefully fitted business combinations," said Chad Price, Executive Vice President of AEG. "This retail electric provider has operations and customers solely in Texas, has a substantially positive EBITDA and serves over 40,000 meters with annual load approximating 1,500,000 megawatt hours per year. The customer-base is principally small commercial and residential, with several hundred large commercial end-users." About AEG Affiliated Energy Group AEG is an energy and financial services firm headquartered in Houston, Texas.
The company specializes in energy-related mergers, acquisitions and venture capital transactions; wholesale energy procurement; energy procurement and consulting for commercial and governmental end users of electricity; regulatory and legislative affairs; electric power plant development services along with consulting services to energy market participants. For more information, visit www.affiliatedenergy.com. Nothing herein constitutes any type of offer, solicitation, recommendation or advice with regard to the sale, marketing, brokerage, dealing, or purchase of any securities or commodities.
SOURCE: AEG Affiliated Energy Group CONTACT: TimePiece PR for AEG Scott Black, 214-520-3430 x303 firstname.lastname@example.org Copyright Business Wire 2008 -0- KEYWORD: United States