PRESS RELEASE FROM ENERCONNEX LLC

SJI Energy Advisors Acquires EnerConnex, Expands Energy Consulting Business

Posted Oct 02, 2020

SJI Energy Advisors Acquires EnerConnex, Expands Energy Consulting Business

SJI today announced the acquisition of EnerConnex LLC. The agreement memorializes a long-standing relationship and supports the company’s recent exit from the retail supply business, and entry into energy consulting through SJI Energy Advisors. EnerConnex is an industry-leader in energy procurement, well-known for its proprietary tool ECX Marketplace that combines best in class technology with market intelligence.

“We are thrilled to expand our partnership with EnerConnex by acquiring their remaining outstanding shares and hiring their best in class workforce,” said Rick Gallagher, Vice President and Chief Operating Officer of SJI Energy Investments. “We look forward to leveraging our collective decades of industry experience to continue to grow SJI Energy Advisors and support businesses with their energy procurement.”

Formed in 2019, SJI Energy Advisors helps businesses gain control of energy costs – comparing providers and negotiating costs to secure the best possible price. The EnerConnex team will join SJI Energy Advisors and recently acquired Applied Energy Partners in becoming an industry leader in the energy procurement space.

“We look forward to accelerating our trajectory and broadening the scope of our core business through the extensive resources and support SJI brings to the table,” said Brian Dafferner, President, EnerConnex.

Questions or inquiries can be directed to Rick Gallagher at [email protected]   or Brian Dafferner at [email protected]