US Gas & Electric

Initial Investment:  7/2007

Investment Status:  Exited

Investment Structure:  Yielding & Equity

Fund:  MVC Capital

Industry:  Energy



About: USG&E (Miami Beach, Fl) is a licensed Energy Service Company (“ESCO”) that markets and distributes natural gas and electricity to small commercial and residential retail customers various states.



In just over two years, we have helped position U.S. Gas & Electric (USG&E) for success in the deregulated natural gas marketplace. This North Miami Beach, Florida-based company markets natural gas in deregulated areas of five states—up from one state when MVC took a controlling interest in August 2007. Since then, we’ve helped the utility grow and we’ve helped the company leverage opportunities throughout the country to provide lower-cost gas to commercial and residential customers through arrangements with utilities that do not market heavily in regulated areas.

Extensively involved.

We have influenced every aspect of USG&E’s business, hiring key management team members and providing guidance on logistics, finance, M&A, IT, capital market matters and more. We oversaw an add-on acquisition that integrated a competitor into USG&E without requiring up-front cash.

Our hands-on involvement with USG&E is typical of our approach, with two Tokarz Group executives on the USG&E board and another independent board member—with three decades experience in the energy field—as an operating partner.