Advantage IQ Acquires The Loyalton Group for $7.5M

Advantage IQ, Inc, a subsidiary of Avista Corp. AVA, announced today that it has entered into an agreement to acquire The Loyalton Group, a Minneapolis-based energy management firm. The company has long been a leader in the hospitality industry, with a strong presence in the multi-family, senior living, education and food service sectors. Under the terms of the acquisition agreement, The Loyalton Group, with revenues in excess of $7.5 million for the 12 months ending Sept. 30, 2010, will become part of Advantage IQ. The transaction will be funded entirely by Advantage IQ and is expected to be slightly accretive to earnings in 2011. The transaction is expected to close before Jan. 1, 2011, and is subject to customary closing conditions.