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IDT Energy acquires Diversegy LLC

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Newark-based Genie Energy subsdisiary IDT Energy announced today its acquisition of Texas-based Diversegy LLC. Financial terms were not disclosed.

According to the announcement, Diversegy is a retail energy advisory and brokerage company that serves commercial and industrial customer. The acquisition includes Diversegy's its network marketing channel, Epiq Energy, providing independent representatives with the opportunity to build sales organizations and to profit from both residential and commercial energy. Diversegy connects large commercial and industrial customers with its portfolio of competitive energy products provided by some of the industry's leading energy suppliers.

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