Del Mar, CA – Green Energy Live Inc (GELV), has made its intentions clear in the last few weeks to further penetrate the clean energy market and develop biomass to energy solution for the U.S. Livestock Industry by updating its letter of intent to buy Peck Electric, a Vermont based company that provides electrical contracting services.
This follows on from the Company’s original acquisition of Comanche Livestock Exchange in July 2009. The acquisition of Peck will give GELV further inroads into the clean energy market as Peck are already exploring potential expansions into clean energy offerings.
Peck is a good sized company, with the electrical contracting services division currently employing 60 people and the company as a whole did over $6 million in gross revenue in 2009 despite tough economic conditions.
The acquisition will go through on completion of GELV’s final due diligence and a financial audit, due to be carried out in March 2010. Upon completion of these pre-acquisition investigations, Green Energy Live and Peck Electric will determine a closing date for this transaction.
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