SWA advises IDT Energy on its Acquisition of Diversegy, LLC

December 30, 2013 ,

SWA advised IDT Energy, Inc. on its acquisition of Dallas-based Diversegy, LLC, a retail energy advisory and brokerage company that serves commercial and industrial customers, and Epiq Energy, a network marketing company that provides independent representatives with the opportunity to build sales organizations and to profit from both residential and commercial energy.

Dov Schwell, Managing Partner and head of SWA’s securities practice group, led the SWA team, assisted by attorneys Ely Kronenberg ,Craig Tzvi Gherman and Jillian Walsh.

“Dov and his firm worked seamlessly with our management team on this acquisition.  The SWA team is professional, attentive and efficient and their work is beyond exemplary” said Geoff Rochwarger, Vice Chairman of Genie Energy Ltd.

IDT Energy is one of the largest retail energy providers supplying natural gas and electricity to residential and small business customers in the Northeastern United States. IDT Energy is a subsidiary of Genie Energy Ltd (NYSE:GNE).

Diversegy connects large commercial and industrial customers with its portfolio of competitive energy products provided by some of the industry’s leading energy suppliers.  Epiq Energy offers its direct marketing representatives the opportunity to earn commissions on energy supply based on the consumption of the customers they bring into the program.