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 [email protected].

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: [email protected]

SOURCE Genie Energy Ltd.