Energy & Infrastructure Advisors Contracts With Christenberry Collet & Company
Agreement to Facilitate Transactions Related to Electric Utilities
SANTA ANA, Calif., Aug. 4 /PRNewswire-FirstCall/ -- Energy & Infrastructure Advisors, LLC, a joint venture between Grubb & Ellis Company (NYSE: GBE) and the Meridian Companies, announced today the signing of an agreement with Christenberry Collet & Company, Inc., an independent investment banking firm based in Kansas City, Mo. Christenberry Collet will work with Energy & Infrastructure Advisors to facilitate transactions with various electric utility companies.
"Christenberry Collet's track record, expertise and industry focus make it a very attractive partner for us," said Brendan Fitzgerald, president of Energy & Infrastructure Advisors. "The firm has a depth of industry knowledge and client relationships that materially differentiate it from its peers."
Energy & Infrastructure Advisors was formed in May to create investment opportunities in the electric, water, oil and gas and renewable energy sectors. Founded in 1994, Christenberry Collet & Company has client relationships with more than 50 electric utility companies and has successfully completed transactions totaling nearly $2 billion in the electric utility sector.
Since its founding in 1981, various Meridian affiliates have completed equity transactions totaling in excess of $15 billion with more than 150 institutional clients, including approximately $5 billion of alternative energy projects in the biomass, coal bed methane gas, coal-based synthetic fuel, solar, geothermal and wind sectors. Meridian's client base includes major money center banks, national insurance companies, global financial services firms and both investor-owned as well as cooperative utilities.
Grubb & Ellis, through its investment and asset management subsidiaries, currently manages a real estate portfolio valued in excess of $6.8 billion across 33 states. One of the nation's most active buyers and sellers of commercial real estate, Grubb & Ellis and its sponsored investment programs have completed acquisition and disposition volume totaling more than $11.6 billion on behalf of program investors since 1998; in excess of $8.6 billion of this volume has been transacted since Jan. 1, 2005.
About Grubb & Ellis
Named to The Global Outsourcing 100(TM) in 2009 by the International Association of Outsourcing Professionals(TM), Grubb & Ellis Company (NYSE: GBE) is one of the largest and most respected commercial real estate services and investment companies in the world. Our 6,000 professionals in more than 130 company-owned and affiliate offices draw from a unique platform of real estate services, practice groups and investment products to deliver comprehensive, integrated solutions to real estate owners, tenants and investors. The firm's transaction, management, consulting and investment services are supported by highly regarded proprietary market research and extensive local expertise. Through its subsidiaries, the company is a leading sponsor of real estate investment programs that provide individuals and institutions the opportunity to invest in a broad range of real estate investment vehicles, including public non-traded real estate investment trusts (REITs), tenant-in-common (TIC) investments suitable for tax-deferred 1031 exchanges and other real estate investment funds. For more information, visit www.grubb-ellis.com.
