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GFI Energy Ventures LLC Purchases GoodCents
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August 22, 2007
- For Immediate Release
Atlanta, GA - GoodCents, one of the leading providers of marketing and field services for electric utility energy efficiency and peak load management programs has been acquired by a fund managed by GFI Energy Ventures LLC (GFI). "GoodCents’ excellent industry reputation will now be enhanced by the significant financial and sector resources we, as one of the largest and most experienced power sector private equity funds, can deploy to support internal company growth, operating capability and acquisitions," said Brad Forth of GFI Energy Ventures. "GoodCents is growing rapidly as the electric utility market increases its commitments to promoting energy efficiency and demand management and recognizes GoodCents’ distinctive ability to support those goals. Electric utilities now have even more reason to trust their demand side programs to GoodCents. We are delighted to add GoodCents to our portfolio of industry-leading companies." "This partnership will deliver great benefit to our customer base throughout the United States and Canada," said Lynn England, Chief Executive Officer of GoodCents. "Our utility customers will be even better served as we expand both our field service and marketing services capabilities. The tremendous resources and industry expertise GFI brings to the partnership will strengthen the high level of customer support that utility managers have come to value from GoodCents. We are very pleased to be among the GFI family of companies." About GoodCents: GoodCents is headquartered in Atlanta, Georgia. The organization has field offices and current operations in 18 states and the province of Ontario. About GFI Energy Ventures: |
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