Terms of the investment were not disclosed. The company will remain based in Sedro-Woolley, Washington, with the current management team.
John Norton, CEO of Snelson, said: This is a terrific opportunity for us. The GFI relationship gives us substantial added capital, resources, and expertise allowing us to expand our service offerings and further serve our customers. With the current energy market trends and the financial and operational backing of GFI Energy Ventures, we see an exciting, growth-oriented future for our company.