John “Jay” C. Weber, Jr., a Founding Partner at Laurel Capital Partners was appointed to the Board of Directors for Tangent Energy Solutions, Inc. Weber joined Tangents board as Laurel Capitals representative after his firm led a recent investment in Tangent.
Webers energy industry and investment experience complements the backgrounds of Tangents existing board which is comprised of leading executives, regulatory officials and venture investors from the energy sector. Laurel Capital Partners is focused on growth equity and buyout investments in companies with platform potential.
Prior to co-founding Laurel Capital in 2007, Weber was a Partner at MVP Capital Partners. Weber came to MVP from Mirant Corporation, an independent energy company based in Atlanta. While at Mirant, Weber distinguished himself as an analyst in the companys internal venture capital group where he focused on new business opportunities and prospective acquisitions.
“Laurel Capitals investment in Tangent reflects our explosive growth in 2011, and strong book of business already closed for 2012,” said Dean Musser, CEO of Tangent. “Jays energy industry background and M&A expertise adds to the depth of experience on our board. Were excited to have him on our team.”
Tangent is an energy solutions company that saves commercial and industrial (C&I) energy customers 20%+ by actively managing customer energy resources during peak demand periods on the grid. The offering consists of a technology suite and clean, on-site generation assets that empower customers to anticipate and reduce the impact of costly energy peaks without disrupting normal business operations. Tangent is currently operating, or has firm commitments to provide more than 34MW of on-site renewable energy projects with an additional 110MW in active discussion.
“I invested in Tangent because Im impressed with the companys experienced management team, rapid growth and strong value proposition to the customer,” said Weber. “Im pleased to be joining a board with such impressive members.”
Weber holds an MBA from the Fuqua School of Business at Duke University, and a Bachelors degree from Wake Forest University. He resides in Wayne, PA.
Tangent is based in Kennett Square, PA.
About Tangent Energy Solutions
Tangent Energy Solutions (www.tangentenergy.com) reverses the traditional utility driven approach to developing the smart grid by partnering with commercial and industrial customers to optimize the “grid behind the meter.” By providing clean energy assets and technologies at no capital cost, Tangent saves C&I energy customers 20 percent while increasing the amount of renewable content in their supply. Tangent actively manages on-site assets to decrease a customers reliance on grid sourced energy, especially during peak demand periods. As a result, both the end-customer and the utilities benefit. Tangent is a venture-backed company founded in 2009 by a management team that has been providing commercially successful energy innovations to mainstream C&I customers for 30 years.