Canadian private equity firm Fulcrum Capital Partners provided mezzanine financing to assist with the recent acquisition of the gas and electricity business of Planet Energy Corp. Financial terms of the transaction were not disclosed. The company’s new management team is led by Nino Silvestri and Stephen Plummer. Based in Mississauga, Ontario, Planet Energy is an energy retailer serving residential and commercial customers in Canada and the United States.
FULCRUM CAPITAL PARTNERS PROVIDES MEZZANINE CAPITAL TO PLANET ENERGY CORPORATION
Planet Energy Corporation (“Planet Energy”) is an energy retailer selling fixed priced natural gas and electricity contracts to residential and commercial customers in Canada and the United States.
A new management team, led by Nino Silvestri and Stephen Plummer, acquired the gas and electricity business of Planet Energy. Fulcrum provided mezzanine capital to assist with the acquisition.
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