Austin, TX, Feb. 21, 2017 (GLOBE NEWSWIRE) --
Westlake Securities, LLC (“Westlake”) is pleased to announce that Frontier Associates, LLC (“Frontier” or the “Company”), an Austin-based energy efficiency consulting company, has been acquired by a subsidiary of GTI International (“GTII”).
Established in 1999, Frontier Associates provides energy efficiency program support, engineering and technical consulting, market research, and software solutions to utilities nationwide. Frontier has performed work for every major electric and gas utility in Texas, Oklahoma, and Arkansas. The Company consults with utilities and other entities on the design, implementation, and evaluation of energy efficiency, demand response, and renewable energy programs to increase customer adoption of efficient home and commercial building technologies. Frontier helps to quantify the potential benefits of energy efficiency improvements in company service areas, demonstrate the cost-effectiveness of energy efficiency programs, and design effective approaches to program marketing and delivery. Frontier also provides database tools for utility efficiency program analysis, management and tracking with its proprietary EnerTrek Software Solutions.
Through its subsidiaries, GTII is investing in an efficient, clean energy future to meet ever-escalating energy, operational and environmental challenges. Resources are leveraged by forming partnerships with businesses, government, and industry around the world to add impact to market solutions. The portfolio of companies GTII holds equity in strive to provide exceptional stakeholder value via innovative solutions and client focus.
Westlake Securities acted as the exclusive financial advisor to Frontier. Josh Cobb and Jon D’Andrea led the transaction on behalf of Westlake. Andy Norval with Saunders, Norval, Pargaman & Atkins, LLP acted as legal advisor to Frontier.
Bill Brooks, Chief Executive Officer of Frontier Associates, said, “Frontier benefitted enormously from Westlake’s expertise and guidance throughout the process. With Westlake’s help we were able to respond to GTII requests with timely, concise, and highly-informative materials. Josh and Jon made sure we understood the process and were able to demonstrate Frontier’s valued relationship with its clients and the Frontier employee team.”
Jon D’Andrea said, “As a regional market leader in energy efficiency initiatives, Frontier was a natural fit into GTII’s portfolio of energy efficiency and technical consulting businesses. It was a pleasure to work with both Frontier and GTII on this transaction, as both sides took a ‘win-win’ approach throughout the process.” Josh Cobb added, “Westlake enjoyed being part of a transaction combining two innovative companies that play a key role in advancing energy efficiency solutions at a time when North America’s power grid is being modernized with cleaner, smarter technologies.”