Email page Print Bookmark page
COMPANY
Press Release
Soltage Continues to Increase Team with New VP of Finance, Brooks S. Kaufman, Formerly with Banc of America Securities
Jersey City, New Jersey- May 14, 2009: Soltage, LLC — a full service renewable energy company that develops, finances, owns and operates solar energy generating Powerstations on client structures across the U.S. — is once again increasing its financial operational strength. Last month, Soltage hired energy veteran George P. Schaefer as its Chief Financial Officer. Today, Soltage proudly announces that Brooks S. Kaufman, formerly with Banc of America Securities — the investment banking arm of the Bank of America Corporation — is now the new VP of Finance reporting to Mr. Schaefer.
“Brooks was a VP in the Energy and Power Investment Banking Group for Banc of America Securities where he was responsible for execution of power and utility company mergers and acquisitions and capital markets transactions. So we're excited to have him bring his power industry expertise in strategy and energy financing to Soltage,” commented Mr. Schaefer, CFO for Soltage. “He will be in charge of arranging project financing and tax equity partnerships.”
Jesse Grossman, CEO of Soltage adds, “Brooks has a firm understanding of how to construct sound financial deals, such as when he served as a senior banker on EUROMONEY Project Finance’s North American Portfolio Financing Deal of the Year 2006 during his 2004 to 2007 tenure as a VP for Fieldstone Private Capital Group.”
While Mr. Kaufman was at Mirant Corporation (formerly Southern Energy, Inc.) from 1995 to 2003, he held multiple roles within the finance organization, including both treasury and business development functions in the U.S. and Europe. While at Mirant, he led multi-disciplinary teams in connection with the analysis, financing and acquisition of public and privately held companies, and the development and construction of brownfield and greenfield power plants.
Mr. Kaufman has extensive investment, valuation, structuring, merger and acquisition, divestiture, financial and operating experience — and has evaluated, negotiated and executed multiple project and corporate financings, while coordinating the efforts of lenders, consultants and rating agencies.
He began his career at JPMorgan where he worked as an associate following the completion of the financial analyst training program. Mr. Kaufman has a BA in Economics, Political Science and English literature from Colgate University and an MBA with concentrations in Accounting and Finance from the NYU Stern School of Business.
About Soltage, LLC
Soltage, LLC is a full service renewable energy company that develops, finances, owns and operates solar energy stations on client structures across the USA. Using proven technology and on-site generation, Soltage supplies a significant portion of client long-term energy demand at below retail rates. Soltage has an office in Hartford, Connecticut and is headquartered in Jersey City, New Jersey. www.soltage.com.
MEDIA INQUIRIES
Jesse Grossman or Vanessa E-H Stewart
(201) 432-1786
media@soltage.com