It was important for us to be acquired by the right investor that believes in green energy.
Youngstown, OH (PRWEB) November 10, 2010
Green Energy TV today announced its acquisition by a Florida-based private equity firm in partnership with Green Energy TV’s management. Green Energy TV is an online television channel that is dedicated to airing green energy videos for millions of viewers around the world.
Through the company’s website, GreenEnergyTV.com, the internet television channel collects, curates, and airs content related to renewable energy and green lifestyle choices. Primary content is user-generated video in which the company uses to help foster environmentally responsible actions worldwide. Viewers use the website to learn, to share experience, and to implement green concepts in their lives.
Along with Turning Technologies, Green Energy TV is the second high profile business that has recently been acquired by strategic investors with roots tied to the city of Youngstown’s Business Incubator.
Green Energy TV was represented in the transaction by Kipp Krukowski of Confidential Business Sale, Inc., a business intermediary firm with offices in Cleveland, Detroit, and Pittsburgh. The firm assisted in the transaction by identifying the potential acquirer as well as assisting in the negotiations and deal structuring.
The acquiring investment group has successfully taken a number of businesses public, one of which is an alternative energy related entity. Mr. Craig Zamary, President of Green Energy TV commented, “It was important for us to be acquired by the right investor that believes in green energy. Their success in taking businesses public, especially in the alternative energy sector, was an important factor in the decision (to sell to them).”
The new owners plan to keep the company in Downtown Youngstown at the Youngstown Business Incubator. Mr. Zamary also commented, “We owe a lot of our success to the Youngstown Business Incubator. Their resources and relationships help to accelerate our growth and we are grateful for having the opportunity to be located there.” Mr. Zamary will stay involved with the company after the sale. The name of the acquiring company and terms of the deal were not disclosed.
Green Energy TV is an online television channel that is dedicated to airing green videos for millions of viewers around the world. Launched in January 2007, Green Energy TV now has viewers from over 160 countries and 6 continents going to their website. Viewers can easily upload their videos related to Solar Energy, Wind Power, Hydro Power, Hydrogen, Fuels, Geothermal, Wave/Tidal Energy, Energy Conservation, Recycling, Hybrid vehicles, Organic, Green Building, Recycling, and more. Videos are also sought from companies, inventors, colleges and universities with existing or breakthrough green energy technology that is waiting to be discovered and marketed to the world. For more information, check out http://www.GreenEnergyTV.com.
About Confidential Business Sale, Inc.:
Confidential Business Sale is a business intermediary firm that assists business owners in the confidential sale of their privately-held companies with revenues under $20 million. Having sold many business for sale opportunities, Confidential Business Sale uses their experience to help in valuing the business, identifying potential buyers, negotiating, deal structuring, and due diligence. With offices in Cleveland Ohio, Detroit Michigan, and Pittsburgh PA, the business brokers at Confidential Business Sale can be found at http://www.BrokersBusiness.com.