Westlake to advise Frontier Energy on its takeover of Energy Insight
Category: #business  By Pankaj Singh  Date: 2019-09-19
  • share
  • Twitter
  • Facebook
  • LinkedIn

Westlake to advise Frontier Energy on its takeover of Energy Insight

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

  • share
  • Twitter
  • Facebook
  • LinkedIn


About Author

Pankaj Singh    

Pankaj Singh

With an experience as an insurance underwriter and a freelance writer under his belt, Pankaj Singh boasts of quite some expertise in the field of content creation. A qualified Post Graduate in Management, Pankaj has also completed a detailed course in Digital Marketin...

Read More

More News By Pankaj Singh

Bettervest invests in Oakridge Rooftops to support solar projects
Bettervest invests in Oakridge Rooftops to support solar projects
By Pankaj Singh

Oakridge Rooftops Pvt. Ltd., a solar energy company based in India, has reportedly secured funding from Germany-based crowdfunding platform, Bettervest Gmbh. The solar firm has raised the funding for urban solar projects in New Delhi. Oakridge CEO, ...

Databricks buys 8080 Labs to boost its low code/no code offerings
Databricks buys 8080 Labs to boost its low code/no code offerings
By Pankaj Singh

California-based enterprise software company- Databricks has acquired German software startup 8080 Labs that developed bamboolib- a leading GUI for the Python-based Pandas data analysis and manipulation system. The purchase of 8080 Labs makes the fi...

Google rolls out GNI Advertising Lab for news publishers in India
Google rolls out GNI Advertising Lab for news publishers in India
By Pankaj Singh

American tech giant, Google LLC has recently announced the launch of Google News Initiative (GNI) Advertising Lab program for supporting small and medium-sized news publishers that generate original and accurate news for regional and local communitie...