Energy efficiency is becoming a point of focus for several companies operating across the world. Various firms worldwide are turning towards energy efficiency consulting companies to efficiently manage the energy they use. This not only saves energy cost for the company but also optimizes efforts taken to offer products and services to their respective customers. Thus, making energy management a prominent growth opportunity for energy companies.    

Westlake Securities, an American middle market investment bank headquartered in Austin, Texas, reportedly announced that Frontier Energy, Inc, a leading energy research and consulting company, acquired Energy Insight, Inc., a US based energy efficiency consulting firm situated in Chanhassen, Minnesota.

Westlake Securities worked as the exclusive financial advisor for Frontier Energy and its parent GTI International, Inc. (GTII).  Jon D'Andrea, Managing Director was leading the transaction, representing Westlake Securities.

Chairman of Frontier Energy and President of GTII, Ron Snedic stated that Westlake Securities played a key role as part of the GTII’s corporate development team. Westlake’s experience in energy efficiency as well as professional services markets has been essential in identifying as well as evaluating procurement opportunities.

Energy Insight was founded in 2013 by Matt Haley, leveraging consulting experience of almost 30 years in the field. Matt stated that the company has helped various businesses thrive using energy efficiency while witnessing the bottom-line advantages on the first hand. Working together with Frontier Energy, the companies can better serve the clients with complementary intelligence and offerings as well as additional resources.

Energy Insight becomes the sixth energy firm to merge with Frontier Energy, a wholly-owned GTI International, Inc., subsidiary. Frontier Energy was formed through a combination of five GTII subsidiaries aimed at energy efficiency. 

Now, with the inclusion of Energy Insight, the Frontier Energy, Inc. has eight offices in the U.S. across four states with over 140 employees offering professional services to help customers reduce utilization of energy and also increase alternative transportation.

Ron Snedic further stated that the company is thrilled about Energy Insight joining the GTI group of companies. Energy Insight’s proven field capabilities, engineering expertise as well as close relationship with end users and utilities makes the company a perfect addition to the GTI Group.

Source Credit: https://www.prnewswire.com/news-releases/westlake-securities-advises-frontier-energy-on-acquisition-of-energy-insight-300920523.html