Company Hires Experienced Management Team
ROCHESTER, N.H.--(BUSINESS WIRE)--BrandPartners Group, Inc. (OTC BB: BPTR), a provider of integrated retail environmental services to the financial services and franchise industries, announced today that it is launching EnergyServicePartners, an energy audit and conservation implementation business, and hired a management team with more than 50 years and $500 million of project and industry experience. The new division of BrandPartners also entered into an agreement to provide project management services for up to $30 million of energy services contracts that have already been awarded but are subject to further approvals.
“Our new energy services business was launched with a strong management team that has experience providing energy audit and implementation services to school districts, hotels, nursing homes, colleges and municipalities. The team will work with BrandPartners’ experienced project management group to deliver these projects. We believe that the new management team’s experience uniquely positions BrandPartners to offer the same energy services expertise to BrandPartners financial services clients. Energy services is a multi-billion industry with significant dollars flowing into it from the federal government. It is one of the fastest growing industries in the U.S., offering the company significant growth opportunities, especially considering President Obama’s recent announcement that the Federal Government will reduce its greenhouse gas emissions by 28% by 2020,” said James F. Brooks, CEO of BrandPartners.
Mr. Brooks added, “We believe that our entry into this space with an experienced management team will give the company an opportunity to achieve annual revenue and profit growth given that the energy sector has a high growth rate and public support. Our objective is to expand nationally over the next 2 years.”
The Obama administration and most states have targeted a substantial amount of stimulus dollars to energy conservation. BrandPartners’ energy services business will seek to compete with industry giants such as Siemens (NYSE: S I), Honeywell (NYSE: HON) and Johnson Controls (NYSE: JCI).
“I’m pleased to be joining the highly experienced and professional team at the BrandPartners Group,” said Mark R. Hahn, President of the new energy services division, EnergyServicePartners. “We have combined the depth of project management experience at BrandPartners with a very knowledgeable energy engineering and project development team – it’s a win/win for our clients. EnergyServicePartners will bring energy savings and environmental benefits to clients across public and private sectors using positive cash flow scenarios.”
About BrandPartners
BrandPartners Group, Inc. (OTC Bulletin Board: BPTR), through its wholly owned subsidiaries BrandPartners Retail, Inc., Build Partners, Inc. and Store in a Box, Inc. provide an integrated approach to customer environments through brand translation, business strategy, design/build services, retail displays, in-branch communications products and services and energy services, from concept and design through implementation and training. BrandPartners installations are in more than 2,000 companies at more than 35,000 retail locations. The company serves its clients from its Rochester, New Hampshire home office and regional U.S. offices.
