CHARLOTTE, NC--(Marketwire - Nov 15, 2012) - Premier Alliance Group, Inc. (
The acquisition enables Premier Alliance, which offers clients strategic advisory, services, and solutions, to strengthen and expand their footprint within the energy and sustainability industry. Brian King, CEO and President of Ecological, will join Premier as a member of its senior management team.
In addition, the Company announced that Joseph J. Grano, Jr., Chairman and Co-founder of Ecological, will become non-executive Chairman of the Board of Directors at Premier Alliance. Mr. Grano, Chairman and Chief Executive Officer of Centurion Holdings, was previously the Chairman and Chief Executive Officer of UBS Financial Services (formerly UBS PaineWebber). Mr. Grano is a former Chairman of the NASD Board of Governors; member of the NASD's Executive Committee; and was appointed in 2002 by President George W. Bush to serve as Chairman of the Homeland Security Advisory Council. He began his Wall Street career with Merrill Lynch after serving in Viet Nam as a member of the U. S. Special Forces (Green Berets).
"The acquisition of Ecological expands our offerings within our energy and sustainability solutions division," stated Mark Elliott, Chief Executive Officer of Premier Alliance. "New federal regulations, which take effect in 2013, mandate that many commercial buildings undertake energy benchmarking and audits. Ecological is a leader in this area."
"The acquisition of Ecological by Premier Alliance is a natural fit and a smart strategic alliance for both companies," stated Mr. Grano. "During our due diligence we were impressed by the strength of Premier Alliance's offerings, its strong management team and outstanding Board of Directors (http://premieralliance.com/about/our-people), many of whom I have watched and admired throughout my career. I look forward to building on the foundation Premier Alliance has established since its founding."
About Premier Alliance Group, Inc.
Premier Alliance Group, Inc. (
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