ORLANDO, Fla., July 17 /EMWPresswire/ -- AP Capital Partners (APCP), a private equity firm that takes long-term assignments in exceptional enterprises, announced today that it has successfully completed the asset purchase of eServices, Inc. (http://www.eservices.cc), a leading energy management company, based out of Richmond, Virginia. eServices is one of the fastest growing business enterprises in the US, and provides a variety of management services to natural gas marketers, utilities, small and mid-sized commercial/industrial firms and producers in the Southeast and Mid-Atlantic regions. eServices buys and sells natural gas, natural gas storage, and natural gas transportation, both at current prices and in short-term, hedged price arbitrage. eServices profits from identifying and capturing time and location differences in natural gas, natural gas storage, and natural gas transportation pricing. Major clients include MeadWestvaco, Virginia Power Energy Marketing and many others. "We are extremely excited to bring eServices into the APCP portfolio," said Richard Powell, Co-founder and Managing Partner of APCP. "Not only does eServices have a brilliant performance record, but, Bruce McDaniel and the entire management team have a clear plan in place to continue their impressive growth, while providing excellent service and driving significant value to their Fortune 1000 clients". "We have found outstanding financial partners in APCP," added Bruce McDaniel, CEO of eServices. APCP reports that both seller and management hold meaningful ownership in the enterprise. The firm partnered with SPP Mezzanine, Patriot Capital, Spring Capital, and Plexus Capital for the mezzanine financing.
About AP Capital Partners, LLC APCP is a private equity firm that undertakes long-term assignments in exceptional enterprises. The firm's goals are to dramatically improve financial performance, deliver best-in-class products and services, and create environments for employees. APCP delivers strong relationships, a true partnership approach, and effective execution to outstanding middle-market enterprises. The APCP team includes highly successful financiers, institutional investors, and entrepreneurs. For additional information, please visit http://www.apcpartners.com.
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