Thursday, January 2, 2014

WhiteFence Loses CEO After Acquisition

Houston-based online utility marketplace WhiteFence--which is now part of Allconnect--has lost its founding CEO, Bob Harris, according to Allconnect. WhiteFence was acquired in an asset purchase deal on November 15th by Allconnect. Allconnect said that WhiteFence's operations and remainder of its management team will continue to operate in Houston. Financial details of the acquisition had not been announced, however, a recent regulatory filing by Allconnect indicates it issued around $5M in shares related to the WhiteFence acquisition in November.