Teleios Commodities has provided material investment to Powervine Energy, a newly formed retail energy company to offer energy services to homeowners and small business owners in the Northeastern US.

Powervine intends to provide consumers in their target markets with electricity, natural gas and energy related products and services.  In partnership with Teleios, Powervine will receive significant operational assistance, inclusive of full access to Teleios’ proprietary power database, integrated solutions platform and deep experience in the retail power arena.

Powervine’s seasoned management team collectively represents 80 years of energy industry experience, with 40 years in the retail energy space alone.  They have built, operated and successfully exited four retail energy companies, and their passion for excellence permeates all aspects of their personal and professional lives.

Teleios’ founding partner Brandon Schwertner said: “The Powervine opportunity is tailor-made for the Teleios platform.  Not only does it provide access to the retail markets we consider most compelling, but the knowledge, experience and outstanding professional reputation of the management team is completely consistent with the Teleios investment approach.

“We are extremely excited about our partnership with Powervine and look forward to contributing to their growth and success.”

Powervine CEO Bill Kinneary said:  “Partnering with Teleios presents an outstanding opportunity for our new business.  Brandon and his team have a unique and impressive background in the energy space. Along with my partners Stacy Havlicek and Joseph Waldman, I am confident that our experience combined with that of Teleios ensures that we will provide valued products and exceptional services for our customers, excitement and satisfaction for our employees and excellent financial results for the owners.”

Source: Company Press Release