GPB Capital Appoints Alper To Senior Advisory Role

Sep 6 2017 | 11:42pm ET

GPB Capital has named retail energy industry veteran and Major Energy Services CEO Dan Alper as a senior advisor to the firm.

In his new role, Alper will assist the investment team in identifying and executing potential acquisitions in the retail energy sector, the company said in a statement, including electricity and natural gas providers. 

The increasing trend of energy deregulation, along with the ongoing development and customer interest in green and integrated energy solutions, has led to the growth of private companies that can compete with state-run utilities to provide electricity and natural gas to consumers in those markets, the statement added. 

Alper was CEO of Orangeburg, N.Y.-based Major Energy, which serves electricity and natural gas customers in eight states, and oversaw the sale of the firm in April 2016. Beforehand, he was an attorney in private practice advising entrepreneurs, emerging-growth companies, private investment funds, and other clients on complex financings, mergers and acquisitions, technology licensing, real estate, and corporate transactions. 

Alper was also one of the founding partners of Ibex Financial Services, LLC, a loan originator and investment manager formed to partner with Credit Suisse.  Throughout his career, he has led and closed a variety of deals valued in excess of $2 billion.

GPB Capital emerged from the corporate advisory and public accounting firm Gentile, Pismeny & Brengel LLP, which was founded in 1972. The New York-based company focuses on income-producing private equity opportunities in necessity-based sectors, such as retail automotive, waste management, managed IT, and healthcare. The firm has more than $1.2 billion in AUM and has acquired or invested in more than 100 portfolio companies.

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