FT. LAUDERDALE, Fla., July 12, 2012 /PRNewswire/ -- Liberty Power, the nation's largest independent retail electric provider, today announced that it was named the largest Hispanic-owned energy company in the country by Hispanic Business Inc. The company was also recognized as the eighth largest Hispanic-owned company overall. The Hispanic Business 500 list which ranks, by revenue, the 500 largest Hispanic-owned companies in the United States is now celebrating its 30th year. The 2012 list was officially released on June 27th on Hispanic Business.com.
With $655 million in revenues in 2011, Liberty Power is significantly larger than its counterparts, accounting for more than 36% of the total revenues for the Top 10 Hispanic enterprises in the energy sector. In total, there are nine categories: Automotive, Energy, Finance, Manufacturing, Retail, Service, Transportation, Construction, and Wholesale. The Energy Industry rankings by Hispanic Business were first established in 2009, when Liberty Power ranked as the third largest in that sector based on previous year's revenues of $302 million. That same year the company ranked 21st overall.
Over the last three years, Liberty Power has more than doubled its revenues by expanding its customer base and delivering the offers and exceptional service valued by customers and channel partners alike. The independent energy retailer also experienced significant year-over-year growth as the company grew by 25%, outpacing the Hispanic Business 500 enterprises, which grew by 19% in reaching $38 billion in total revenues.
"Liberty Power is honored to be recognized as the top energy company and the eighth largest Hispanic-owned company on this distinguished list. We would like to thank our team members, our customers, and our business partners. Our achievements over the last decade have been a direct result of working together," said David Hernandez, CEO of Liberty Power.
About Liberty Power
Headquartered in Fort Lauderdale, Florida, Liberty Power is the largest independent retail electric provider in the United States based on 2012 KEMA rankings of retail energy providers. The company is also the first minority-owned, retail electric provider with a national footprint. Currently serving over 170,000 accounts, Liberty Power provides large and small businesses, government agencies, and residential customers, with low-cost electricity and exceptional customer service.
For more information on Liberty Power, please visit www.libertypowercorp.com.
Liberty Power is a registered trademark of Liberty Power Corp. LLC encompassing Liberty Power Holdings LLC, Liberty Power Delaware LLC, Liberty Power Maryland LLC, Liberty Power District of Columbia LLC, and LPT LLC, dba LPT SP LLC. Liberty Power is certified and licensed by the Public Utilities/Service Commissions of: CA, CT, DC, DE, IL, ME, MD (IR793), MA (CS-057) MI, NJ (ESL-0001), NY, OH, PA, RI, TX (10118) and VA; as well as the Federal Energy Regulatory Commission.
SOURCE Liberty Power