After USG&E's acquisition, ESPI will become a wholly-owned subsidiary of USG&E under the leadership of Douglas Marcille, President and Chief Executive Officer of USG&E, who will operate as President and Chief Executive Officer of the combined company.
The combination of USG&E and ESPI will create a stronger organization with more financial flexibility and capacity that will be better positioned to serve customers in both natural gas and electricity deregulated markets throughout the country.
Doug Marcille, CEO of USG&E, said, "USG&E's acquisition of ESPI creates potential for market expansion and cross-selling synergies between natural gas and electricity customers.
We are taking original painted artwork and turning it into beautiful textile designs," said Armondo Barboza, chief executive designer for ESPI Fashion Design.
Belle Femme, doing business as ESPI Fashion Design, is a company that transforms classic, hang-on-the-wall art to clothing and finished goods for the fashion industry.