O2 Investment Partners said May 4 that it invested in EMEX LLC. Financial terms weren’t announced. EMEX, of Houston, is an energy-focused services provider that runs an online buying and selling platform for gas and electricity, according to Crain’s Detroit Business. O2, of Bloomfield Hills, Michigan, is a lower middle market PE firm.
Bloomfield Hills, MI – May 4, 2018 – O2 Investment Partners (www.o2investment.com) announced today that it has made a significant investment in EMEX, LLC (www.energymarketexchange.com), partnering with President Dan Marzuola and his management team to continue growing the business. Terms of the investment were not disclosed.
Founded in 2007, EMEX is a technology-driven service provider that facilitates the brokerage of electricity and natural gas procurement for end customers in regulated and deregulated markets across the United States. The Company developed a proprietary enterprise software solution for energy brokering that delivers material advantages to EMEX and its large user and government base across the country. EMEX’s proprietary platform and best-in-class consultative services enable highly efficient, professional, and accurate operations for its dedicated user and customer base. EMEX is headquartered in Houston, Texas, with additional operations in Dallas, Texas; Waco, Texas; and Trenton, New Jersey.
Dan Marzuola, President of EMEX, commented, “We are thrilled we found a partner to help facilitate rapid growth and create a global presence. Our company and platform are in a tremendous position to scale, and O2 is the right partner to help us achieve our goals. We look forward to an incredible partnership with O2.”
Luke Plumpton, Partner at O2 Investment Partners, added, “We are very excited to partner with Dan and his team. EMEX has created a differentiated service offering in a very fragmented industry that offers significant growth potential. Our goals are to support the EMEX team in accelerating growth and to be a true partner for their future.” Mr. Plumpton added, “We want to thank our financial partner Tree Line Capital for their confidence and participation in this investment.”
About O2 Investment Partners:
O2 Investment Partners is a Midwestern based private equity firm that seeks to acquire a majority interest in lower middle market manufacturing, niche distribution, and select service and technology businesses. The firm invests in businesses with earnings growth potential and a clear path to the creation of shareholder value.
O2 invests with a view toward partnering with management to build and grow the business and take it to its next stage of development. This requires not only a clear vision and strategic plan to create shareholder value, but a close partnership and alignment of interest with management.
One of Michigan’s most active private equity firms, O2 was recently the proud recipient of ACG Detroit’s 2017 All Star Dealmaker of the Year Award.
About EMEX, LLC:
EMEX is a technology-driven service provider that facilitates the brokerage of electricity and natural gas procurement in regulated and deregulated markets across the United States. EMEX’s proprietary enterprise software solution provides an innovative procurement technology that uncovers the lowest rates for electricity and natural gas supply, specifically in commercial and industrial end markets. EMEX’s highly skilled team educates customers about the workings of and options available in the retail electric and natural gas markets in order to ensure the client purchases the most suitable and competitive energy contract. EMEX is headquartered in Houston, Texas, with additional operations in Dallas, Texas; Waco, Texas; and Trenton, New Jersey. Additional information is available at www.o2investment.com ; www.energymarketexchange.com