Dan Alper Joins GPB Capital as Senior Advisor for Retail Energy Strategy
GPB Capital, a New York-based asset management firm, has appointed Dan Alper, former CEO of Major Energy Services LLC, as a senior advisor to assist with identifying and executing potential acquisitions in the retail energy sector.
“Retail energy companies provide a vital service and produce recurring monthly revenue, which is consistent with GPB Capital’s strategy of investing in income-generating, recession-resilient businesses,” said Carlos Valle, managing partner for energy at GPB Capital. “Dan’s experience as both a corporate CEO and M&A dealmaker in the industry makes him a vital resource for us as we consider acquisition opportunities.”
During his tenure as CEO of New York-based Major Energy, which serves electricity and natural gas customers in eight states, Alper oversaw the sale of Major Energy to National Gas & Electric, an affiliate of Spark Energy Inc., in April 2016. After the acquisition closed, he stayed on as CEO of Major Energy.
Prior to Major Energy, Alper was an attorney in private practice who advised entrepreneurs, emerging-growth companies, private investment funds, and other clients on financings, mergers and acquisitions, technology licensing, real estate, and corporate transactions. He was one of the founding partners of Ibex Financial Services LLC, a loan originator and investment manager formed to partner with Credit Suisse. Throughout his career, he has led and closed a variety of deals valued in excess of $2 billion.
GPB Capital focuses on acquiring mature, income-producing companies in necessity-based sectors, including automotive retail, waste management, and managed IT. The firm also acquires established companies in industries that involve special situations and debt strategies. GPB Capital has more than $1.2 billion in assets under management and has acquired or invested in more than 100 portfolio companies.
According to filings with the Securities and Exchange Commission, GPB sponsors a series of Reg D offerings including GPB Waste Management Fund LP, GPB Automotive Portfolio LP, GPB Cold Storage LP, and GPB NYC Development LP.