Summit Energy Acquires GfE Energy Management

Addition of Belgium-Based Company Greatly Increases European Presence

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Summit Energy Services, Inc., a leading privately held energy management firm, today announced it has acquired Belgium-based GfE Energy Management, one of the industry’s most respected European firms. Among supply-side energy management companies, Summit is now the largest, in terms of both energy spend under management and professional staff size.

“Our two organizations have long had much in common in terms of our independence, our mission and our mutual respect,” noted Jim Headlee, CEO of Summit Energy. “Summit and GfE share the goal of providing companies with world class energy management services. We have both invested in the human and technological resources required to exceed the expectations of our clients, and we look forward to continuing in that direction as an organization of like-minded professionals.”

“Summit is recognized and respected within our industry around the world and we believe the unique strengths and talent GfE brings to this combination will only enhance that position,” added GfE CEO Jacques D'Hondt. “We are honored to be part of it.”

About Summit Energy

Summit Energy began in 1991 as a natural gas management company and is today one of the most recognized energy management firms in North America. Summit harvests value for clients through strategic energy procurement and price risk management in this increasingly volatile sector. Summit represents more than 6,300 industrial and commercial facilities in all 50 states, Canada, Mexico, Puerto Rico and Europe. www.summitenergy.com

About GfE Energy Management

GfE was founded in 1971 by Jacques D'Hondt, is headquartered in Waregem, Belgium, and has offices in Paris, France; Florence, Italy; Düsseldorf, Germany and Willemstad in The Netherlands. GfE serves clients throughout Europe, and will continue to operate under the GfE name, being identified as a Summit Energy company. www.gfe-em.com