DALLAS, TX--(Marketwired - May 3, 2017) - The CHRON Organization, Inc. (
CHRON Chairman, Byron Young, stated, "This is a monumental acquisition for CHRON because NAUP's services are incredibly complementary to those of our wholly-owned subsidiary, Zen Technologies. This is one of those transactions where the sum of the two parts is far greater than each could ever be individually. It is no doubt a key component for us in terms of being able to drive impressive revenues nationwide."
The Company believes that with this acquisition, Zen will be able to expand its operation and its service offering, using not only NAUP's expertise as an energy broker, but also its multiple channel sales approach to bring in new customers as it ventures more and more into the commercial services space. As a part of the CHRON portfolio, both NAUP and Zen will be able to complement one another with an entirely new suite of services that will work in the best interest of employees, customers, and shareholders alike.
"In my fifteen years of retail energy experience, I have never felt more at the forefront of an industry like I do with this acquisition. Merging our expertise and our energy desk together with Zen's Zero Cost Program and Smart Controls is certain to be a game changer for customers and for Aggregators, Brokers & Consultants among the deregulated energy landscape," said Ryan Samuel, NAUP's VP of Operations.
Zen and NAUP have been collaborating on their product lines and testing mutual service offerings over the past few months towards exploring the potential synergies between the two organizations. As a result, both companies have entered into a term sheet for acquisition and the parties hope that this transaction will officially be effective within the next few weeks.
ABOUT THE CHRON ORGANIZATION, INC.
The Chron Organization, Inc. (
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