Energy management businesses Rely Energy and THG Energy & Technology Solutions, based in Tulsa and Fort Worth, respectively, are to merge. DigiNet understands that THG Energy & Technology Solutions is to be a subsidiary of Rely Energy. The combined business has 20 employees. Customers include universities, hospitals, municipalities and other governmental facilities, industrial companies, commercial office buildings, large churches, restaurants, hotels, and other retail facilities.
“The THG merger dramatically expands our combined energy management and service offerings and provides the scale and expertise to comprehensively manage the energy requirements of commercial, industrial, and governmental facilities of any size”
The new company will continue to operate under the existing names, Rely and THG, for the time being, said Dan Frey, president of Rely. “The THG merger dramatically expands our combined energy management and service offerings and provides the scale and expertise to comprehensively manage the energy requirements of commercial, industrial, and governmental facilities of any size,” he added.
Since its inception in 2010, Rely Energy has rapidly developed and deployed services and systems to help commercial energy users track, manage and reduce energy costs through implementation of best practices for energy management, purchasing and conservation. THG, which will become a subsidiary of Rely, has been similarly engaged in the Texas energy markets since 2004. THG has developed considerable expertise, grown an impressive client base, and developed proprietary management and reporting systems designed to offer energy management and procurement.
Mike Brasovan will remain in the Fort Worth office as president of THG. He will also join the Rely board of managers. Brasovan graduated from Texas A&M in 1993 with a B.S. in Mechanical Engineering with an emphasis on Energy Systems. Since that time, Brasovan has worked extensively with industrial, commercial, and municipal clients on implementing energy savings, developing comprehensive analysis and reporting systems, and managing energy purchasing programs.
According to Frey, Mike Brasovan brings significant engineering, operating, and procurement experience with a variety of energy-intensive customers and facilities. “By utilizing our expertise, along with the energy management systems and service offerings of the combined companies, Rely and THG will provide our clients with the full spectrum of services designed to achieve significant energy savings.”
USA, Tulsa, OK and Fort Worth, TX