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

18 jan 2018
Kinder Morgan Canada Limited is pleased with the National Energy Board's (NEB) decision today setting down a generic process to hear any future motions as they relate to provincial and municipal permitting issues. "Provision of a process that is...

18 jan 2018
CMS Energy announced today that it will provide its 2017 results along with its business and financial outlook, including 2018 earnings guidance, at 9:00 a.m. EST on Wednesday, Feb. 14, 2018. A webcast of the...

18 jan 2018
EnerCom's Texas-based oil and gas investment conference?EnerCom Dallas?will kick off on Feb. 21, 2018. EnerCom Dallas will feature presentations from C-level executives at publicly traded and private oil and natural gas companies, as well as energy...

18 jan 2018
Directors of IDACORP, Inc. today declared a common stock dividend of $0.59 per share, payable February 28, 2018 to holders of record at the close of business on February 5, 2018.    View original content with...

18 jan 2018
Albemarle Corporation , a leader in the global specialty chemicals industry, announced today that Matt Juneau, executive vice president, Corporate Strategy & Investor Relations, is retiring from the company in March 2018 and that it has named Eric W....

18 jan 2018
The EnLink Midstream companies, EnLink Midstream, LLC (the General Partner) and EnLink Midstream Partners, LP (the Master Limited Partnership), today announced quarterly declared distributions for the fourth quarter of 2017....




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