Green Energy Live, Inc., a developer of sustainable biomass-to-energy conversion technology serving the nation’s $154 billion livestock industry, recently announced that the company has signed a letter of intent to acquire Peck Electric, Inc., a leading electrical services company with $6 million in revenue. Under the terms of the letter, Green Energy Live will acquire 100 percent of the stock in Peck Electric whose customers include IBM, UPS, Energizer Battery Company and Ben & Jerry’s.
Established in 1972, Peck Electric provides commercial and residential electrical contracting, installs telecommunications systems, provides solar power installations, and designs and develops clean energy products. Upon acquisition Peck will become a wholly owned subsidiary of Green Energy Live. Upon completion of Green Energy’s due diligence and necessary pre-acquisition investigations, the two companies will determine a closing date for the transaction.
Karen Clark, president and chief executive officer of Green Energy Live, commented, “Green Energy Live chose Peck Electric for its excellent management team, extensive systems design and development expertise, ongoing revenue and exciting new clean energy product development.” Ms. Clark continued, “Upon closing of the acquisition we look forward to helping Peck achieve continued growth and expanded market penetration. Peck Electric brings several critical components to Green Energy Live that will allow us to offer clean energy solutions in the marketplace.”