Le Lézard
Classified in: Oil industry

Diversegy Offers Partnerships to Help Commercial Electricity and Natural Gas Brokers Expand



NEWARK, N.J., Jan. 3, 2018 /PRNewswire/ -- Diversegy, LLC, a commercial energy advisory firm and subsidiary of Genie Energy Ltd. (NYSE: GNE, GNEPRA), today announced that it is seeking strategic partnerships within the commercial energy brokerage industry. Brokers and other service providers seeking resources and tools to accelerate the growth of their operations, sell a book of business or extract equity from their businesses can leverage Diversegy's infrastructure and presence.

"Partnering with Diversegy affords powerful competitive advantages," said Michael Stein, Genie Energy's CEO.  "The commercial energy brokerage market is highly fragmented and consolidation is occurring throughout the industry.  Small to mid-sized independent brokers can succeed in this environment by partnering with Diversegy to access our back-office capabilities, obtain working capital, and leverage the backing of a respected publicly traded company."

Diversegy offers a complete range of energy advisory services including electricity and natural gas procurement, solar energy generation, high efficiency lighting, and consumption management solutions to meet the needs of a broad range of commercial end user types.  

"Many small to medium-sized energy brokers have respectable books of business, but still have a difficult time overcoming cash flow and time management constraints. Others may simply be looking to retire," said Sara Schwandt, Diversegy's General Manager.  "In addition, with more suppliers demanding higher deal flow to continue servicing smaller shops, partnering with Diversegy can provide brokers with additional working capital and allow them to focus on growth opportunities while Diversegy's robust back office support and systems handle some of their routine administrative operations."

To learn more about Diversegy purchase and partnership opportunities and how you can benefit from access to working capital, resources, tools, and the back-office systems to take your energy brokerage to the next level, contact Yoni Jonas at 973-438-2515 or email Diversegy at info@Diversegy.com.

About Diversegy LLC:
Diversegy is a commercial energy advisory firm helping clients to reduce costs, mitigate risk, and improve their bottom lines through the development and implementation of energy utilization and sourcing strategies.  Diversegy is a subsidiary of Genie Energy (NYSE: GNE, GNEPRA).

About Genie Energy Ltd:
Genie Energy Ltd. (NYSE: GNE, GNEPRA) is comprised of two operating divisions, Genie Retail Energy (GRE) and Genie Oil and Gas (GOGAS).  GRE operates retail energy providers and brokerage and marketing services.  GRE's retail energy providers market electricity and natural gas to residential and small business customers in deregulated markets in the United States.  GOGAS is a global oil and gas exploration company operating an exploratory program in Northern Israel.  For more information, visit www.genie.com.

Contact:
Diversegy Partner Management: Yoni Jonas
P: 973-438-2515
E-mail: yjonas@genie.com

SOURCE Genie Energy Ltd.


These press releases may also interest you

at 15:21
The CITGO Lake Charles Manufacturing Complex recently conducted a Worst Case Drill to prepare and train employees, as well as partner and coordinate with local, state and federal agencies in response to possible worst case situations....

at 15:16
Energizer Holdings, Inc. will report results for its fourth quarter and Fiscal 2018 before the market opens on November 15, 2018.  Energizer will also discuss its results during an investor conference call that will be webcast on November 15, 2018,...

at 14:00
(ARX - TSX) ARC Resources Ltd. ("ARC") confirms that an eligible dividend of $0.05 per share will be paid on November 15, 2018 to shareholders of record on October 31, 2018. The ex-dividend date is October 30, 2018. As at October 15, 2018, the...

at 13:15
Amastan Technologies, a leading producer of high value advanced materials using microwave plasma production systems, today announced it has been awarded a $1 million Phase II Small Business Innovation Research (SBIR) grant through the U.S....

at 13:03
As of noon Monday, Georgia Power has restored power to 97 percent, or more than 375,000 customers, impacted by Hurricane Michael. Restoration is expected to be completed in the Albany area this evening and in the Bainbridge area by tomorrow night....

at 12:48
SECURE Energy Services Inc. ("SECURE") is pleased to announce that its Board of Directors has declared a dividend for the month of November 2018 of $0.0225 per common share ("Common Share") payable on or about November 15, 2018 to shareholders of...




News published on 3 january 2018 at 08:30 and distributed by: