Atlantic Energy, a Florida-based energy company has received an investment from private equity firm Gainline Capital Partners; companies announced this Tuesday that they will be working together to drive innovation and sustained growth.
Firstly, the financial details of the investment were not disclosed by the companies. However, as part of the transaction, industry veteran Deryl Brown will join Atlantic as the Executive Chairman of the Board.
Secondly, Mr. Brown, who has significant experience and multiple successful ventures as the CEO and minority owner of both North American Power and Hudson Energy. About his appointment, he said. “I am excited to be part of the Atlantic Energy / Gainline partnership; and to work with Pat Linden and the AE team. I believe that this is a unique company and will become the model in our industry.”
Thirdly, Pat Linden is Atlantic Energy founder and CEO, about the partnership and the importance of the investment, he remarked. “Throughout this process Gainline has proven that they are terrific partners for founder operated businesses. This investment will propel Atlantic to its next level of growth” and we are also eager to get started with Gainline.”
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Atlantic Energy to leverage growth from investment
Moreover, Kerri McNicholas, Partner at Gainline, commented. “We are thrilled to partner with Pat, Deryl and the entire Atlantic Energy team as we support the Company’s next stage of growth.”
He also remarked. “Atlantic presents an attractive opportunity to implement Gainline’s strategy of investing in businesses with strong fundamentals; looking for their first institutional capital.”
Furthermore, Atlantic Energy offer a wide range of services, from natural gas, to electricity to smart home devices. In fact, through intelligent bundles, the company offers an integrated approach to save energy at home.
In addition, the company’s innovative approach to servicing customers aligns with broader emissions reduction efforts and clean energy goals. Finally, Gainline Capital Partners is a private equity firm that invests in U.S. based middle market companies. The firm invests in cash flow positive companies; and also partners with management teams to help execute their vision; drive sustainable growth and create long term value.