David C. Wiers, President of Satori Energy, announced that Satori Energy has acquired Naperville, IL based Velocity Energy Group.
This acquisition, the fourth by Satori Energy since 2011 and third in the last six months, continues Satori’s pattern of targeted growth through adding value to the procurement process for clients nationwide. Wiers commented, “I have known Mike Healy for over five years and we have always had a trusting business relationship. This acquisition will ensure his clients will continue to be served in the marketplace on an ongoing basis.”
Tim Mullin, Director of Operations at Satori, noted “We look forward to welcoming the Velocity clients to the Satori Energy family and we will continue to provide each customer with the same customized strategies and top-level support they expect and deserve.” Satori Energy will be bringing its robust back-office assets to support, enhance and continue to create value for all Velocity Energy Group clients.
Mike Healy, Founder of Velocity Energy Group stated, “This is very exciting for our client base. Satori Energy will continue to provide the high level of customer service that our clients are used to, and with Satori’s size, our clients will reap the benefits of greater supplier access, market intelligence, technology, and verticals in other energy services.”
The transaction closed in January 2015. About