O2’s EMEX Invests in Patriot Energy Group

EMEX, a portfolio company of O2 Investment Partners since June 2018, has made an investment in Patriot Energy Group.

Patriot Energy Group is a retail electricity and natural gas management firm that operates in all competitive markets throughout the United States with a focus in the Northeast. As a client-side energy broker and advisor, PEG works with its customers to manage risks associated with energy costs by managing energy purchasing strategies which combine fixed, index, and hybrid rate structures. Patriot is led by CEO Mark Ianni and is headquartered in Burlington, MA (www.patriotenergygroup.com).

EMEX is a provider of energy-related software and consulting services. The company’s enterprise software is used to uncover the lowest rates for electricity and natural gas supply, specifically in commercial and industrial end markets, and facilitates the brokerage of electricity and natural gas procurement in regulated and deregulated markets across the United States. EMEX, led by CEO Daniel Marzuola, was founded in 2007 and is headquartered in Houston, TX with additional offices in Dallas, TX; Waco, TX; Trenton, NJ; and Detroit, MI (www.energymarketexchange.com).

“The partnership between EMEX and Patriot allows both companies to achieve tremendous market growth across North America,” said Joe Vallee, a vice president at O2. “Patriot Energy Group is an excellent strategic partner for EMEX, and we believe the combination will create game-changing opportunities within the energy industry.”

O2 makes control investments of $5 million to $75 million in companies with EBITDAs from $2 million to $10 million located anywhere in the US and Canada but prefers the Midwest and the Great Lakes regions. Sectors of interest include niche manufacturing, niche distribution, select service businesses, and certain technology businesses.

In October 2017, the firm held a final closing of its Oxygen Fund with an above-target $100 million of capital commitments. O2, based in the Detroit suburb of Bloomfield Hills, is backed by the Orley family which has been investing in operating businesses and real estate since 1950 (www.o2investment.com).

© 2019 Private Equity Professional | June 27, 2019

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