IGS Energy Acquires Border Energy
DUBLIN, Ohio--(BUSINESS WIRE)--IGS Energy announced that it has entered into an agreement to acquire Border Energy, a retail supplier of natural gas and electricity headquartered in Powell, Ohio. The transaction for the gas business became effective on August 31, 2014 and the power business will be effective as of September 30, 2014 upon approval by FERC for the Change in Control.
“Border Energy also has a solid, positive brand presence, which was a key element in our decision to acquire the company.”
The acquisition will add approximately 70,000 customers (in Indiana, Michigan and Ohio) to IGS Energy’s customer base of over one million across the country. IGS Energy will honor all of Border’s existing contracts, so no action is required by customers at this time. Customers may contact IGS Energy at 1-888-479-4427 if they have specific questions. Border Energy customers will receive the same exceptional customer service with IGS Energy that they have been accustomed to receiving. IGS Energy intends to retain many Border Energy employees.
The acquisition of Border Energy is a strategic fit for IGS Energy, as the two companies share philosophies of advocating for consumer choice in energy supply, providing excellence in customer service, and performing business actions with honesty, integrity and dependability. Both companies pride themselves on expertly supplying natural gas and electricity choice to residential, commercial, and industrial customers and valuing long-term relationships with their customers.
“We have a very strong, positive brand reputation in the industry, which is extremely important to us,” stated Scott White, president and CEO of IGS Energy. “Border Energy also has a solid, positive brand presence, which was a key element in our decision to acquire the company.”
IGS Energy’s success has been rooted in the company’s mission to bring choice in energy supply to consumers, and their leadership in advocating for a more competitive energy marketplace.
“Our growth is a testament to that fact that consumers want a choice in who supplies their energy,” stated White. “It has afforded us new opportunities to expand, and through this acquisition, we are increasing our customer base in existing markets and enhancing our scale to better service residential, commercial, and industrial customers across the Midwest.”
About IGS Energy
Founded in 1989, IGS Energy is one of America’s largest independent energy suppliers and a leading advocate for change in the energy industry, committed to efforts that will improve the way we manage and consume energy resources. The company serves more than one million residential, commercial, and industrial customers across the country and a boasts a 96% commercial and industrial customer retention rate due to superior expertise and service. Built on trust and integrity, IGS Energy has won multiple awards over the past year due to their impeccable reputation for outstanding business practices in the eyes of customers, employees, and business partners.