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David C. Wiers, President of Satori Energy, announced today that Satori Energy has acquired a book of electricity contracts from Florida-based Best Power, LLC.
Best Power operated as a call center for the past five years and built up a sizable portfolio of small to mid-sized commercial customers. This is the seventh acquisition by Satori Energy since 2014, which continues Satori’s pattern of targeted growth. Wiers commented “We are excited to bring Satori Energy’s highly successful client-centric approach to another group of customers and we know that the Satori process will create value for these customers over time.”
Wiers added, “Through this and other acquisitions, Satori has provided liquidity to other brokerage firms looking to move on to other opportunities, while maintaining the great service our customers have grown accustomed to. This level of service has been recognized by our peers and partners in the industry, and we are excited to demonstrate our capabilities to a new family of customers.”
No employees were included in the acquisition. The transaction closed in late December 2016.
Satori Energy was founded in 2003, is headquartered in Chicago, and has evolved with the changing electricity markets over the past 14 years. Currently serving over 55,000 accounts, Satori has continued its mission in serving its clients through strategic energy procurement, risk management, market monitoring services, and overall energy management solutions for clients in deregulated markets nationwide. For additional information, please visit www.satorienergy.com.