MARLBOROUGH, Mass., April 18, 2017 /PRNewswire/ -- Concentric Energy Advisors, Inc. ("Concentric"), through its new Canadian subsidiary Concentric Advisors, ULC ("Concentric Advisors") has reached an agreement under which Concentric Advisors has purchased the assets of Gannett Fleming Canada's Calgary depreciation and valuation practice. As of April 15, 2017, Concentric Advisors will assume the ownership of and responsibility for conducting Gannett's active depreciation and valuation assignments being performed by the Calgary office. Larry Kennedy and three other key employees of the Calgary depreciation and valuation practice have transitioned to Concentric Advisors and will continue to provide services under the terms of existing agreements. All client files and work in progress will be transferred to Concentric Advisors as part of the purchase agreement. "We are enthusiastic about bringing our team, our expertise and our projects to Concentric," Mr. Kennedy said. "Concentric's commitment to creating value for clients through hard work, market knowledge and excellent work product is closely aligned with our principles, we share many clients, and we offer each other growth opportunities that neither would have had on their own."
"We are pleased to have Larry and the team join the Concentric family and to have our first office in Canada," said John J. Reed, Chairman, and CEO of Concentric. "I take considerable pride in leading a team that brings determination to exceed our clients' highest expectations on every engagement. Larry and his team are fully aligned with our values and level of client commitment, and represent an important expansion of our service offerings and presence across North America."
About Concentric Energy Advisors, Inc., and Concentric Advisors, ULC
Concentric (www.ceadvisors.com) is a management consulting and financial advisory services firm with a focus on the North American energy industry. Our staff possesses expertise in numerous aspects of the power, natural gas, oil pipeline, telecom, water, and railway industries. We guide our clients through the complex and continuously evolving opportunities and challenges confronting North American regulated industries.
For more information, please contact Wendy Preston.
SOURCE Concentric Energy Advisors, Inc.