Genie Energy acquires Florida-based commercial natural gas supplier
8/14/2017
NEWARK, N.J. — Genie Energy Ltd, announced that its Genie Retail Energy division has acquired Mirabito Natural Gas, a Ft. Lauderdale, Florida-based natural gas supplier, from Angus Energy for $3 MM plus Mirabito's working capital.
Mirabito Gas serves commercial and governmental customers throughout Florida. Its customer base comprises approximately 10,000 residential customer equivalents (RCEs).
With the acquisition of Mirabito Gas, Genie's retail energy supplier brands expand their respective offerings to 12 states.
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