EnerTech Capital Adds Five Advisers –

WAYNE, Pa. – EnerTech Capital Partners has followed the lead of many private equity firms by adding five new members to its advisory board.

David Lincoln, a managing director at the firm, said that while other firms have expanded their boards of advisers to assist with fund raising and credibility, EnerTech made its additions to supplement deal flow and to bring on more industry experts to advise its portfolio companies.

The new members – Patricia Eckert, Wayne Greenberg, Leonard Hyman, Jerry Johnson and Charles McElroy – join existing members Samuel Skinner and John Higley.

“We expect to use them as operating partners and board representatives,” Mr. Lincoln said.

The new group also will have some co-investment opportunities. To avoid interfering with the firm’s fiduciary duties to its limited partners, Mr. Lincoln said the new advisers received a portion of the general partner interest on the $50 million first fund, and each member will have the right to invest in EnerTech’s second fund, which the firm is in the midst of raising.

EnerTech, a firm that is associated with Safeguard Scientifics, solely targets companies in the utility market.

Each of the new members brings experience from some sector of the energy industry. Ms. Eckert is former president of the California Public Utilities Commission. Mr. Greenberg is the President of E-Source, a consulting firm. Mr. Hyman is an adviser to Salomon Smith Barney’s global power group. Mr. Johnson is senior vice president of operations at Safeguard Scientifics, and McElroy is vice president of new services support for Cox Communications.