Canadian Manufacturing

GMP Capital buying Brett Wilsonโ€™s First Energy for $98.6M

by The Canadian Press   

Canadian Manufacturing
Financing Operations Regulation Energy

FirstEnergy was founded in 1993 and has provided advisory and investment services to a broad range of corporate clients

TORONTOโ€”GMP Capital Inc. is buying brokerage firm FirstEnergy Capital Corp. in a deal valued at $98.6 million.

GMP issued an Aug. 4 statement that it was appealing to join forces with an industry leader that has been part of the โ€œfabric of Canadaโ€™s energy culture for nearly a quarter century.โ€

FirstEnergy was founded in 1993 and has provided advisory and investment services to a broad range of corporate clients across the world.

One of the founders was Calgary financier Brett Wilson who gained fame for his appearances on the CBC reality show โ€œDragonsโ€™ Den.โ€

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FirstEnergy has completed over $63 billion in equity financing transactions in the energy sector since 2008.

The company has 91 employees in its Calgary and London offices.

Toronto-based GMP bills itself as a financial services firm that provides a wide range of financial products and services.

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