The combination brings together two market leaders in their respective geographies and will
enable local and global energy resellers across North America, the UK and Japan to offer
business and residential consumers greater energy choice and more control of their energy
consumption. The combined company enables energy suppliers with global ambitions the ability
to partner with a single provider.
“ESG continues to build on our strategy of providing best-in-class technology solutions and
services to energy resellers and empowering energy choice around the world,” said CEO Phil
Galati. “We are incredibly excited about the opportunity to grow our market presence and
strengthen our product offerings through the partnership with Utiligroup.”
According to Matthew Hirst, CEO at Utiligroup, “We have built a leadership position in the UK
market by consistently innovating, using our deep industry expertise to help our customers grow
and evolve with the market.” “We look forward to this next chapter, bringing the best of ESG and
Utiligroup to our customers across the globe.”
The UK entity will continue operations as Utiligroup, and CEO Matthew Hirst will remain at the
helm of the UK business, reporting to Phil Galati, ESG CEO. Matthew will also join the board of
directors of ESG. Utiligroup and ESG will continue to maintain and support their respective
solutions and will look for opportunities to leverage the best of each platform to expand their
respective offerings.
Supported by private equity firm Accel-KKR, the acquisition of Utiligroup by ESG follows the
successful acquisition of Latitude Technologies in November 2016.
Add Comment