NEW YORK, Jan. 21, 2014 /PRNewswire/ -- Bruderman Brothers, Inc. has structured and arranged a revolving credit facility and term loan for Global Energy Efficiency Holdings, Inc. ("GEE" or the "Company") with M&T Bank. GEE is an energy management firm focused on the installment and servicing of lighting, refrigeration equipment, and HVAC upgrades for commercial and industrial clients. The Company's compelling model allows customers to reduce energy consumption while also achieve significant energy cost savings. The Company will use the proceeds from the debt financing to fund continued growth in the New York, New Jersey, and Connecticut markets.
"GEE is truly an exemplary company that offers services that are beneficial to not only customers but also the environment and utility companies. We are pleased to have helped GEE obtain the capital needed to continue its rapid expansion and we have the utmost confidence in M&T's ability to help the Company achieve its goals," said Matt Bruderman, Chairman of Bruderman Brothers.
"We are very excited about partnering with M&T Bank as they have demonstrated a strong understanding of our business. Rick Turk from Bruderman Brothers did an exceptional job in finding us the right partner in M&T," said Vladimir Reynoso, Chief Executive Officer of GEE.
About Bruderman Brothers
Bruderman Brothers, Inc. is a New York-based, privately-owned broker-dealer. The firm's business segments consist of investment banking, merchant banking, and consulting services. The firm is registered with the U.S. Securities and Exchange Commission (SEC), and is a member of both the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC).
About Global Energy Efficiency Holdings, Inc.
GEE is an energy management firm focused on the installment and servicing of lighting, refrigeration equipment, and HVAC upgrades for commercial and industrial clients. The Company delivers a comprehensive turn‐key suite of solutions and products. Solutions include energy assessments, design, incentives management, installation, and maintenance of lighting, and refrigeration efficiency equipment. GEE's product offerings include LED's, electronically commutated fan motors, door heater and lighting controls, night covers, and misting systems. GEE currently targets independent supermarkets, retailers and gas stations in the New York tri‐state area.
Bruderman Brothers, Inc.
Matthew J. Bruderman
Bruderman Brothers, Inc.
SOURCE Bruderman Brothers, Inc.