Capital Solutions Advises Public Power On Its Acquisition By Crius Energy
Public Power Becomes the Largest Shareholder in Crius Energy Trust.
The Capital Solutions Group, a Boston-based corporate financial advisory firm, announces that it has provided advisory services to Public Power LLC on its acquisition and subsequent initial public offering by Crius Energy Trust (TSC: KwH.UN TO).
The $100 million IPO valued Crius Energy at approximately $350 million of which the shares held by former owners of Public Power are valued at approximately $175 million.
“I’m very appreciative of the corporate finance advice Capital Solutions provided to me and Public Power over the past two years” stated Robert Gries, the controlling shareholder of Public Power and now the Chairman of Crius Energy.
“It was a wonderful outcome for all of the shareholders and could not have been accomplished without Bob Gries’ vision to create an industry leader. It was a pleasure to work with Bob and his team” said Bob Kosian, The Capital Solutions Partner who led the assignment.
About Crius Energy Trust (the “Company”): The Company is one of the largest independent energy retailers operating in the United States, with approximately 515,000 customers. Crius Energy serves across a variety of segments, including residential and small to medium-size commercial customers by marketing products through a variety of sales channels and brand names. The Company currently sells electricity in 10 states and the District of Columbia and natural gas in four states.
About The Capital Solutions Group: We provide financial advisory services to companies, private equity groups and lenders in the middle market. Our mission is to provide independent balance sheet advice and execution for clients in financing, restructuring and M&A transactions. For a detailed overview of our firm and services, see our website at: www.TheCapitalSolutions.com.
Back to Top