Summit Acquires PoCo Energy Group
Addition of Dallas, Texas-Based Company Enhances Regional Presence
Summit Energy Services, Inc., a leading privately held energy management firm, today announced it has acquired PoCo Energy Group, based in Dallas, Texas. PoCo Energy Group, founded in 2000 by Carlos Ruffino, serves commercial and industrial clients with sites across the state of Texas.
Summit is one of the premier energy management companies in the world, managing more than $12 Billion in energy spend through its global staff of 230 energy professionals. With this key acquisition, Summit enhances its regional footprint, adding more than 600 sites under management and approximately 60 clients. Summit now has four North American offices and five offices in Europe.
“Our two organizations have much in common in terms of our mission, our independent approach and our respective cultures and values,” noted Steve Wilhite, President and CEO of Summit Energy. “Summit has long served geographically dispersed multi-site commercial and industrial clients, and that will continue to be a core focus for the company. However, our regional expansion strategy will allow us to serve companies with more of a regional footprint, and this acquisition is a part of that strategy. ”
PoCo Founder and President, Carlos Ruffino, said, “Summit is recognized and respected within our industry and has a great reputation. They bring a depth of analysis and a national footprint that we can leverage for our clients. Additionally, their refined processes and additional services will bring more to the table for our existing clients. Our clients will benefit from Summit’s resources, experience and international presence. ”
About Summit Energy
Summit Energy began in 1991 as an unbiased, independent energy 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 energy marketplace. Summit represents more than 9,000 commercial and industrial facilities in all 50 states, Canada, Mexico, Puerto Rico and Europe.
About PoCo Energy Group
PoCo was founded in 2000 and is headquartered near Dallas, Texas. PoCo serves approximately 60 clients, primarily with sites located within the state of Texas. They will continue to operate under the PoCo Energy Group name, being identified as a Summit Energy company.
