SOURCE: Generational Equity

 

DALLAS, TX--(Marketwire - January 9, 2009) - Generational Equity, an advisor to privately held and family-owned businesses for exit planning, business valuation, and mergers-and-acquisition services, announced the sale of its client Water & Energy Saving Corporation (W&ESCO), a Florida-based water and energy consulting business, to Constellation Energy Projects and Services Group, a subsidiary of Constellation Energy. Terms of the deal were not disclosed.

Based in St. Petersburg, Florida, W&ESCO performs energy and water savings audits, predominantly for public housing projects. The result of their work is often millions in projected savings, as well as increased efficiency in the use of natural resources.

"W&ESCO was attractive to many buyers from the outset," explained Bill Hunter, who managed the transaction for M&A advisors Generational Equity. "However, in the course of conducting our financial analysis, we learned about a significant backlog of valuable contracts that W&ESCO simply did not have the resources to handle immediately."

"Joining with Constellation Energy will increase our capabilities to assist clients in reducing their water and energy consumption and costs. Opportunities for our employees should grow exponentially," said Gene Overmyer, president and chief executive officer of W&ESCO. (It is anticipated that the employees, including the founders, will join Constellation.)

"The services provided by W&ESCO are especially valuable in today's 'green' environment," said Ryan Binkley, President of Generational Equity. "With this deal, the company can expand the positive impact it is having on the environment and the cost of low-income housing."

About Generational Equity

Generational Equity is one of the nation's leading middle-market mergers and acquisitions companies, providing private business owners with the information and expertise they require to exit their business successfully. A unique, four-phase approach that includes education, financial analysis and reporting, sales documentation and deal-making ability combine to offer business owners an unparalleled level of commitment and experience, all focused on helping to release the generational equity and wealth in every business.

Generational Equity has more than 300 professional advisors and affiliates nationwide and is headquartered in Dallas, with affiliate offices in New York, Chicago and Irvine, Calif. For more information, contact Generational Equity at (877) 213-1792 or info-us@genequityco.com, or visit www.genequityco.com.

About Water & Energy Savings Corporation

Water & Energy Savings Corporation (W&ESCO) was founded in 1992 when representatives of the Department of Housing and Urban Development (HUD) invited President Gene Overmyer to participate in the announcement of HUD's Energy Incentive Program. Since then, the company has grown from a small start up to a leading provider of community energy and engineering solutions. Water & Energy Savings Corporation has completed more than a quarter of HUD's Public Housing Energy Performance Contracts (EPCs). Water & Energy Savings Corporation's energy performance contracts have successfully met all guaranteed savings.

About Constellation Energy's Projects and Services Group

Constellation Energy's Projects and Services Group (http://www.ceprojects.com) is a full-service energy company, providing customized energy solutions to commercial, retail, institutional and government customers nationwide. The company's large array of products and services-including energy consulting, energy services and energy assets are all designed to increase energy efficiency, reliability, cost effectiveness and improve the customer's bottom line.

About Constellation Energy

Constellation Energy (http://www.constellation.com), a FORTUNE 125 company with 2007 revenues of $21 billion, is the nation's largest competitive supplier of electricity to large commercial and industrial customers and the nation's largest wholesale power seller. Constellation Energy also manages fuels and energy services on behalf of energy intensive industries and utilities. It owns a diversified fleet of 83 generating units located throughout the United States, totaling approximately 9,000 megawatts of generating capacity. The company delivers electricity and natural gas through the Baltimore Gas and Electric Company (BGE), its regulated utility in Central Maryland.