Deloitte Acquires 2 California Firms

By Houston Business Journal

Deloitte LLP has agreed to acquire Altos Management Partners Inc. and MarketPoint Inc. and will manage both of the Los Alto, Calif.-based companies through its Deloitte Center for Energy Solutions in Houston.

Financial terms of the deal were not disclosed.

The acquisition allows Deloitte to expand its energy analytics capabilities, including energy commodities, including oil, gas, refinery products, electricity and coal.

Andy Dunn, a partner at Deloitte & Touche LLP, will manage the new entity created from the acquisitions to be called Deloitte MarketPoint.

Also as part of the deal, Dale Nesbitt, president of Altos, has joined Deloitte. He founded MarketPoint in 1995.

Altos and MarketPoint will move their Houston staff of less than 50 employees over to Deloitteâ¿¿s office, according to a Deloitte spokesman.

Copyright 2011 American City Business Journals

http://www.bizjournals.com/houston/news/2011/01/14/deloitte-acquires-2-california-firms.html?ana=thestreet

Copyright bizjournals.com 2010

More from Commodities

U.S. Drillers at Mercy of Iran, Saudi Production Spat as OPEC Meeting Begins

U.S. Drillers at Mercy of Iran, Saudi Production Spat as OPEC Meeting Begins

Oil Prices Slide as Saudi Energy Minister Suggests OPEC Output Deal Imminent

Oil Prices Slide as Saudi Energy Minister Suggests OPEC Output Deal Imminent

Goldman Is Bullish on Oil, Sees Demand Outweighing Inventory Concern

Goldman Is Bullish on Oil, Sees Demand Outweighing Inventory Concern

Market Bears Have Devoured Gold Prices

Market Bears Have Devoured Gold Prices

Chevron Falls With Crude After Mizuho Analyst Touts Its Mega-Assets

Chevron Falls With Crude After Mizuho Analyst Touts Its Mega-Assets