Business
Innovest Global Launches Joint Venture with Entrust Energy, a Two-Time Inc. 5000 Energy Company
Innovest Global Launches Joint Venture with Entrust Energy, a Two-Time Inc. 5000 Energy Company.
About this update from Innovest Global Inc
[{"type":"text","content":"\n \n Innovest Global, Inc. (OTC Markets: IVST), \n a diversified industrials company today announced the company has signed \n a Joint Venture (JV) Agreement with Entrust \n Energy. The JV marries two of the fastest growing companies in their \n respective markets. It leverages Innovest’s energy knowledge and call \n center infrastructure with Entrust’s best practices and energy offerings \n for commercial clients.\n \n \n Under the agreement Entrust Energy will staff a representative at the \n Innovest Global Headquarters to manage a brand new team of energy \n business development specialists provided by Innovest. They will utilize \n best practices to continue aggressive growth initiatives that both \n companies saw as a natural fit.\n \n \n “Entrust Energy is very excited to be working with Innovest \n Global and its family of companies. We see this new relationship as \n a unique and mutually beneficial partnership in the commercial \n deregulated energy space,” said Mike Beck, Entrust President.\n \n \n “Mike Beck and the Entrust team have built one of the fastest growing \n private companies in the country. We have a lot in common. Innovest is \n thrilled to be joining forces with them in this niche growth effort that \n provides us several attractive benefits,” said Damon Mintz, Innovest \n President.\n \n \n Innovest plans to hire seven (7) people immediately for this effort. \n Entrust Energy was founded in 2010 and had 2017 revenue of $209 million, \n and 155 employees. They are one of the fastest growing private companies \n in America with a three-year growth rate of 58%. Innovest was a \n seven-employee company at the beginning of 2018 that generated $58,000 \n in revenue, to ending 2018 on a $40 million annual revenue run-rate with \n a conglomerate of operating businesses and 75 employees.\n \n \n About Entrust Energy\n \n \n Entrust Energy is a privately-owned retail electricity and gas provider \n dedicated to serving homeowners and businesses across America. Entrust \n Energy is a company comprised of talented, entrepreneurial, and \n intelligent individuals who are passionate about the energy industry. \n The mission of Entrust Energy is to change how business is done with a \n unique customer-centric approach that is based on transparency, honesty \n and integrity. The co...