“With GSE, we gain a proven winner in the competitive Texas marketplace with a large pool of customers and a top flight sales team,” said Richard Domaleski, CEO of World Energy Solutions. “This transaction caps off a series of strategic acquisitions we have made over the last several weeks that we believe are ‘game-changing’ for us. Together these moves advance our consolidation of the energy procurement space, broaden our customer target set and geographical reach, and increase our energy management capabilities. Consolidating these companies will accelerate our growth and enhance our EBITDA margins.”

Added Brian Dafferner, President, GSE: “We see tremendous upside for our customers and employees in joining forces with a national leader like World Energy. The Company’s vision for lowering total energy costs, and its ability to execute that vision, will be well received by the hundreds of businesses we serve. Not only do we see an opportunity to cross-sell new services into our existing customer base, but we believe our knowledge and relationships will help World Energy penetrate additional Texas-based and national accounts.”

GSE  was formed in 2002 following the inception of electricity deregulation in Texas. World Energy will retain the services of more than 20 GSE employees across three offices: Dallas, Fort Worth and Houston.

Today’s deal is the third deal World Energy deal reported by Fusion DigiNet in seven weeks. See also the acquisitions of energy procurement business Co-eXprise and energy efficiency firm Northeast Energy Solutions.

USA, Dallas, TX & Worcester, MA

Related articles:

• World Energy Solutions acquires energy efficiency firm Northeast Energy Solutions Posted on October 26, 2011
• World Energy Solutions acquires Co-eXprise’s energy procurement business Posted on September 14, 2011