Oppenheimer Backs Aquus Energy

Aquus Energy Inc., a provider of solar energy systems to commercial and residential customers in the Mid-Atlantic and Northeast, has raised an undisclosed amount of “Series 1” funding led by Oppenheimer & Co.

PRESS RELEASE

Aquus Energy, Inc. a provider of solar energy systems to commercial and residential customers in the Mid Atlantic and Northeastern regions of the U.S., announced the completion of its Series 1 offering of convertible preferred equity.

According to Francis J Alfano, Chief Executive Officer of Aquus Energy, “Our strategy is to become the leading commercial and residential integrator of solar energy systems through both internal growth and acquisitions. The solar energy system integration sector is experiencing tremendous growth but is fragmented and in need of a respected reliable brand name company that commercial and residential customers can trust. We believe that by combining our executive management experience and capital strength with successful solar energy systems integrators Aquus Energy will be an industry leader. We now have the financial strength to execute our acquisition strategy and drive organic growth throughout our business. We plan to innovate with new products and services and to be at the forefront of industry developments, solar technologies and other viable technologies that will help our customers save on their energy costs and help to protect the planet.”

Richard White, Managing Director and head of Oppenheimer's Private Equity Investment and Special Products Department, will serve as the Chairman of Aquus Energy's Board of Directors.

About Aquus Energy, Inc.

Founded in 2007, Aquus Energy, Inc (www.aquusenergy.com) seeks to be the high quality, cost efficient integrator of solar energy systems. Aquus Energy is focused on providing solar energy solutions to commercial and residential customers located in the Mid Atlantic and Northeast regions of the U.S. The Company plans to grow organically by expanding its geographic footprint around anchor acquisitions and by offering creative financing options and a wide variety of products and services. Aquus Energy intends to acquire leading well-respected solar energy system integrators and to build a well financed and technically savvy company, while building a recognized brand name known for quality and reliability. 

About Oppenheimer & Co. Inc.

Oppenheimer, through its principal subsidiaries, Oppenheimer & Co. Inc. (a U.S. broker-dealer) and Oppenheimer Asset Management Inc., offers a wide range of investment banking, securities, investment management and wealth management services from 86 offices in 21 and through local broker dealers in 3 foreign jurisdictions. Oppenheimer employs over 3,500 people, approximately 1,200 of whom are financial advisors. Oppenheimer's Private Equity and Special Investments Department manages and arranges direct investments and fund investments on behalf of Oppenheimer, its affiliates, and its clients across a broad spectrum of asset classes.