Texas Holding Company Buys Power Retailer Trident

January 9, 2018

 

Texas holding company PowerLink Partners LLC is buying electricity and natural gas provider Trident Power’s parent company for an undisclosed price.

PowerLink, in announcing the acquisition Monday, said it’s also going to infuse Trident Retail Energy Co. LLC  with new operating capital as it folds the company into its portfolio.

Trident is a licensed retail energy provider in Maryland, New York and Illinois, founded by industry veteran Michael Osowski, who founded Oasis Energy and has also worked with Green Mountain and Spark.

He now becomes a partner in PowerLink, which he said plans to use Trident as a platform for acquisition of more retail energy companies.

PowerLink was founded by commodities and capital markets veteran Trent Stout.