Subject: PDT
Argus Energy Managers Forms Argus Commodity Services
HOUSTON, Dec. 14, 2017 /PRNewswire/ -- Argus Energy Managers, LLC ("Argus") announced today the formation of Argus Commodity Services, LLC ("ACS"), in partnership with industry veteran Brandon Schwertner. ACS is an integrated commodity services and solutions platform focused on streamlining the technical and economic application of informed energy & risk management, commodity production and procurement, wholesale and retail market access, end user delivery, and technology. Through service integration, an ecosystem is formed, ultimately providing customers with cost efficiencies and cutting-edge energy applications. The energy market is maturing, while transmission infrastructure is aging, providing opportunities for synergistic solutions providers to work in concert, delivering industry-leading services and products.
Mr. Schwertner, ACS' founding partner, has nearly 20 years of experience in in the energy solutions sector. Most recently, Mr. Schwertner was the co-founder of MP2 Energy, an electricity retailer. In addition to its retail business, MP2 was deeply involved with asset management, commodity hedging, solar installation and offtake, wind and distributed generation. MP2 was sold to Shell Energy North America in 2017. Previously, Mr. Schwertner was the head of electricity trading at Credit Suisse and Pacific Summit Energy (a division of Sumitomo Corporation).
Argus and Mr. Schwertner envision growing ACS to include commodity trading, hedging services, power distribution and retail services. "Electricity, from generation to transmission to consumption, is rapidly changing. Innovation and consumer awareness are both increasing at the highest rates ever, although energy solutions are vastly bifurcated. We are positioning ourselves for the future, by investing in an energy services ecosystem, in order to deliver a simplified, comprehensive energy solution," commented Mr. Schwertner.
About Argus Commodity Services
ACS invests in and provides operational expertise within companies founded upon best-in-class leadership and transparency, enabling information and idea exchange to flow freely across the Argus Ecosystem. One of the critical components of the ACS platform is Acadia Energy Managers ("Acadia"), an electricity congestion trading shop in Boston. Acadia is led by veteran trader Andrew Hartshorn and features a team with deep experience in national and regional commodity markets.
About Argus Energy Managers
Argus is a Houston-based platform that brings together focused affiliate managers from across the energy and specialty infrastructure sectors. The Argus network current consists of six affiliate managers, including Intervale Capital (oilfield services), Bayou City Energy (exploration and production equity), Cibolo Energy Partners (structured exploration and production debt), Junction Energy Capital (specialty midstream / downstream), Aksiom Partners (European technical services and infrastructure) and Argus Commodity Services (integrated commodity services and solutions). Argus owns a stake in each affiliate manager and, to create alignment of interests, each of the affiliate partners owns a stake in Argus.
CONTACT: Brandon Schwertner, [email protected], 713-201-3877
SOURCE Argus Commodity Services, LLC
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