Formation of the Angus Advisory & Finance Group
Angus Partners, LLC (‘Angus Energy”) and RenRe Energy Advisors Ltd. (‘REAL”) announced today the recent
establishment of the Angus Advisory & Finance Group. The team is comprised of Matthew Ide and Jeff Simpson who
have a long track record of providing financial solutions to the fuel oil industry over the past decade. The group’s unique
capabilities of combining advisory services with capital solutions delivers new options to the industry that faces
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The partnership between Angus Energy and RenRe Energy Advisors Ltd. marks a significant milestone in bolstering financial resilience within the fuel oil industry.
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‘The consolidation of Matt and Jeff’s talents to Angus Energy from REAL is another step we have taken at Angus Energy
to provide a comprehensive suite of solutions, in addition to our traditional core risk management business, to address the
major challenges dealers are facing today. Angus Energy recognized that increased commodity price volatility has
negatively impacted the industry’s ability to obtain appropriate levels of capital to fund operations and support growth.
This need was something we needed to address as without a strong financial foundation proper risk management strategies
are difficult to execute effectively,” Phil Baratz, President of Angus Energy, explained.
By integrating Business Bankruptcy services into our portfolio, they aim to provide a robust foundation for operational resilience and growth.
This approach not only enhances our ability to manage risks effectively but also supports our clients in overcoming financial obstacles, ultimately fostering a stronger and more secure business environment.
They understand that the financial strain caused by unpredictable commodity price fluctuations can lead to significant liquidity issues, making it essential for businesses to explore viable solutions for debt relief.
The Group can assist dealers in a broad range of financial functions from initiating a budget process, forecasting cash
flows to accessing a company’s financial condition and credit needs in preparation for bank meetings. The Group is
uniquely qualified to perform strategic planning for growth with analysis and valuation of merger and acquisition
opportunities.
The Group also serves as consultants to REAL in capital financing solutions uniquely tailored to meet the needs and
objectives of the fuel dealer. Fuel dealers now have access to an innovative capital source that can provide answers to the
current financial challenges facing their industry, including pricing volatility, increased bank and supplier credit standards,
lack of adequate cash reserves for peak season operation and costs associated with proper commodity and weather
hedging. In addition, these solutions can help fuel dealers capitalize on the increasing opportunities to expand and
diversify their businesses as funding to the industry via traditional sources has been severely curbed.
For more information regarding the Angus Advisory & Finance Group please contact:
Matthew Ide
(860) 299-6856
mide@angusenergy.com
Jeff Simpson
(860) 299-3358
jsimpson@angusenergy.com
SOURCE: Angus Energy
Angus Energy began providing commodity hedging services in 1991. Since then, the company has grown steadily, and
now counts over 600 energy companies as clients. Angus Energy was founded to help oil companies offer capped prices
to their customers, but now offers a diverse range of products and services, each customized to the needs and locations of
clients. Our clients, in over 20 states, represent local heating oil and propane distributors, owners of gas station chains,
national trucking companies, real estate management companies and municipalities. We offer price protection on heating
oil, diesel fuel, kerosene, propane, gasoline, heavy oils, and natural gas. In addition, we help manage volumetric risk with
weather hedges for distributors and end-users. In 2010, Angus Energy purchased Technology Assistance Group, LLC, a
provider of data warehousing and business intelligence reporting services to the petroleum industry. Websites:
www.angusenergy.com and www.tagbi.com.
RenRe Energy Advisors Ltd. engages in a variety of non-insurance businesses centered on the weather and financial
markets, with a particular focus on weather-centric commodity price risk. The company is a wholly owned subsidiary of
RenaissanceRe Holdings Ltd. (NYSE: RNR), a global provider of reinsurance and insurance. Website:
www.renre.com/energy