SOURCE: mc2 Energy Services

mc2 Energy Services

April 06, 2015 10:00 ET

MC Squared Energy Services, LLC Announces Sale of Company to Wolverine Holdings

Growth Opportunity for Chicago-Based Retail Electricity Supplier

CHICAGO, IL--(Marketwired - Apr 6, 2015) - MC Squared Energy Services, LLC (mc²) recently announced that it was acquired by Chicago-based Wolverine Holdings (Wolverine). mc² markets electricity to residential and business customers in Illinois. Terms of the transaction were not disclosed. Wolverine, along with the company's principals, was an initial equity investor in mc² prior to the sale of the company to DPL Energy Resources in early 2011.

The transaction includes over 125,000 customer accounts. mc² currently provides retail electricity supply as a licensed retail electricity supplier in Illinois. Two of the founding principals of mc² will remain prospectively, Chuck Sutton as president and John Clark as chief financial officer. Customers will see no changes with respect to electricity supply services, billing or customer care as a result of the transaction.

"We are excited to reunite with Wolverine, which will provide us with a significant opportunity to expand our business model in Illinois. Wolverine is a strong financial company with unique skills in energy commodities," said Chuck Sutton, president of mc². "We look forward to leveraging our exceptional customer service and developing new products in a rapidly changing marketplace."

mc² currently provides electricity supply products and services to over 125,000 residential & business accounts in the ComEd service territory in Northern Illinois. mc² is uniquely positioned to offer customers a full range of reliable electricity supply products, including green renewable energy.

For more information on mc², phone (877) mc2-POWR or visit www.mc2energyservices.com

For more information on Wolverine, phone (312) 884-3000 or visit www.wolve.com

Founded in 1994, the Wolverine companies comprise a number of diversified financial institutions specializing in proprietary trading, asset management, order execution services, and technology solutions. We are recognized as a market leader in derivatives valuation, trading, and value-added order execution across global equity, options, and futures markets. With a focus on innovation, achievement, and integrity, we take pride in serving the interests of both our clients and colleagues. The Wolverine companies are headquartered in Chicago with offices in New York and San Francisco and a proprietary trading affiliate office located in London.

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