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On The Block

March Networks Corp.’s board has started to review strategic alternatives. CEO Peter Strom said, “The company participates in a growing and consolidating industry and the company believes that its next stage of growth may be enhanced by pursuing strategic alternatives.” The provider of IP video and data solutions retained Morgan Keegan as its independent financial adviser. For the fiscal year ended April 30, March Networks’s revenue climbed 19 percent to C$102.8 million ($104.7 million) from C$86.6 million a year earlier. The Ottawa, Canada-based company expects double-digit revenue growth for fiscal 2012.

TCW Energy Partners LLC has changed its corporate name to Gateway Energy & Resource Holdings LLC. The Houston, Texas-based company also named Wallace C. Henderson president and a managing director of EIG Global Energy Partners LLC. EIG is the manager of the company. EIG said in a written statement that in addition to originating investment opportunities, Henderson will serve as the point person as the company pursues potential strategic alternatives and enhanced liquidity. Gateway Energy owns and operates gas gathering, transportation and distribution systems.

Evergreen Energy Inc. is deemphasizing its focus on its GreenCert operations and looking to lean on its K-Fuel technology as the primary driver of growth for the Denver, Colo.-based company. Executive Chairman Ilyas Khan said in a statement, “We expect our efforts to rebuild the company’s balance sheet will set a firm financial foundation upon which we can build a successful business around K-Fuel.” Evergreen plans to evaluate strategic alternatives for its line of GreenCert services. Options include a spin-off, joint venture or sale of the business.

McGraw-Hill Cos. has hired Morgan Stanley & Co. LLC to assist with its plans to sell its broadcasting group. The move is part of McGraw-Hill’s review of its portfolio. The company’s review is designed to ensure it is allocating the right amount of capital to general shareholder value. The broadcasting group generated almost $100 million in revenue 2010, which is an 18 increase from a year earlier. The group includes network affiliated television stations in Denver, California and Indiana.