ST. PETERSBURG, Fla. (PRWEB) September 25, 2017
Energy Professionals, LLC, a leading consultancy and broker of energy supply agreements, is extending its market share through a merger with competitor North American Energy Advisory (NAEA) of Clearwater, Fla.
Combining the resources and expertise of the two privately held companies, which will operate under the name Energy Professionals, creates a formidable client-services organization within the commercial energy sector.
“This acquisition marks a tremendous step forward in our competitive position,” said Matt Judkin, founder of Energy Professionals and President of Executive Energy Management, which provides management services to the organization. “We have a long-standing respect for the vision and professionalism of NAEA, and combining forces will allow us to pursue new lines of business and provide greater value to our clients.”
The Aggregator-Broker-Consultant (ABC) sector within the retail energy market is predicted to reach $2 billion in revenue by 2020, according to the trade organization TEPA. Beyond price-driven commodity transactions, ABC companies are increasingly offering additional services such as distributed generation, energy conservation measures and demand response programs to their larger commercial clients.
“This new organization immediately becomes a dominant player in the industry,” said Jim Mathers, the President of NAEA who will retain that title for Energy Professionals. “We will continue to grow organically while aggressively pursuing acquisitions to speed our growth. It’s a great opportunity for everybody on the team and we can’t wait to get started.”
The new Energy Professionals will operate from the current NAEA offices in downtown Clearwater.
About Energy Professionals: Energy Professionals (http://www.energyprofessionals.com) sources commodity contracts and provides ancillary services to commercial customers in deregulated territories. The St. Petersburg-based organization was launched in 2008 by the founders of AGR Group, a leader in sales and service for the energy sector. Its founders now operate Executive Energy Management (http://www.executiveenergy.com), which provides strategic direction to a number of industry-related brands.
About NAEA: North American Energy Advisory (http://www.naea.today) is a DBA of Customer Acquisition Specialists of America, or CASA, Inc., considered pioneers in retail energy sales with operations dating to 1999. Serving commercial customers as NAEA since 2014, the organization offers commodity procurement, curtailment solutions and renewable energy strategies.