Regions Oil & Gas Acquires American Energy Savers
Regions Oil and Gas has acquired American Energy Savers of New Haven, CT. After a little more than a week on job interim President Rick Papaleo was fast at work and completed the acquisition of American Energy Savers.
American Energy Savers is a family owned and operated business that prides itself on customer satisfaction. Since 1985, AES has offered its customers cutting edge products with superior workmanship. AES is one of the leading contractors for the state of Connecticut's energy conservation programs and has also participated in many projects for Yale School of Architecture. AES has dedicated itself to providing its customers with outstanding products and excellent service.
"This acquisition is a great deal for Regions Oil. The company has strong revenues with growing profits. It is important that management adds value to Regions and American Energy Savers does just that," stated Rick Papaleo, President of Regions Oil & Gas.
American Energy Savers has contracts with projected revenues exceeding 2 million dollars with an expectation of a 20% increase over 2007.