Apr 17, 2019

Marathon Capital Announces Future Energy Solutions Multi-Year Financial Partnership with Deutsche Bank AG

CHICAGO, IL  - Marathon Capital, LLC (“Marathon”) announces the successful closing of Future Energy Solutions Lighting Group, LLLP’s (“FES” or “the Company”) multi-year funding facility with Deutsche Bank AG (“Deutsche Bank”) with an initial facility of $100 mil. FES delivers Lighting as a Service (“LaaS”) through energy efficient installations throughout the United States across 40 states with over 1,800 customer sites under management. Marathon Capital acted as the exclusive financial advisor to FES.

The new facility will supplement FES’s existing Senior funding partner, Orion Energy Partners, and support the company’s rapid expansion. FES is an award-winning business that has proven to provide commercial and industrial customers with energy efficient lighting systems using LED and induction technologies. The Company’s Gold Initiative Program offers LaaS at zero capital cost to the customer.

Marathon is actively involved in the energy services industry and understands the need for innovative financing solutions. The rapidly growing LaaS market provides optimal usage to business owners while reducing installation and maintenance costs.

“Marathon took the time to understand our business and it was a pleasure to work with their team. Their role in structuring and executing this transaction was essential to the outstanding result. FES and its existing partner, Orion Energy Partners, are thrilled to be working with Deutsche Bank as the Company plans to significantly expand its presence within the United States,” said Simon Conway, Chief Operating Officer, Future Energy Solutions Lighting Group, LLLP.

“Marathon is pleased to have played a role in providing a structured solution for our client FES, as well as working with Deutsche Bank in providing what is a transformative financing of the FES business. Properly funded for growth, we are excited about watching FES continue to provide this exceptional and innovative LaaS product at explosive growth rates,” said Charles Hinckley, Managing Director, Marathon Capital.

About Marathon Capital

Marathon Capital is a leading financial advisory and investment banking firm focused on providing financial advice in the areas of M&A, capital raising of debt and equity, project finance, tax equity, financial restructuring, recapitalization, bankruptcy and workout situations in the energy sector. Marathon Capital is a four-time recipient of the "Best Renewable Asset M&A Advisor" Award, "Renewable Generating Project Finance Deal of the Year" Award (2016) and first-time recipient of the "Best Asset M&A Advisor" (2017) in Power Finance & Risk's Annual Power Finance Deals and Firms Awards. www.marathoncapital.com

About Future Energy Solutions

Future Energy Solutions is an award-winning privately-owned business that provides energy efficient infrastructure upgrades to businesses and other organizations under a unique plan at no capital cost to the customer. FES has experienced extraordinary growth due to wide acceptance of its Gold Initiative Program. The Program is based on providing turnkey energy efficient lighting infrastructure from design, supply, installation and funding. In addition, FES assumes all maintenance responsibilities for customers who partner with the Company throughout the term of the Program.

The Company specializes in targeting customers currently operating inefficient high intensity discharge (“HID”), high pressure sodium (“HPS”) and fluorescent lighting systems in which lighting forms an essential part of the businesses’ operations and cost base. For more information, visit www.feslighting.com