DETROIT, July 19, 2016 /PRNewswire/ -- Huron Capital Partners LLC ("Huron Capital") announced today that its portfolio company, Albireo Energy ("Albireo"), has added Advanced Power Control ("APC") and Energy Systems Technologies, Inc. ("EST") to its platform. This represents the sixth and seventh transactions for Albireo, an ExecFactor® initiative launched by Huron Capital and CEO Phil Bomrad. The partnership is expected to bolster Albireo Energy's geographic presence in the Mid-Atlantic region, while enhancing its capabilities in lighting controls, demand response, and building analytics.
Founded in 1980 and based in Newark, Delaware, APC and EST (founded in 2006) provide turnkey building automation systems, lighting controls, metering, fault detection and diagnostics, and energy services to building owners throughout the Mid-Atlantic region. APC employees have installed and maintained systems in thousands of buildings across diverse markets that include universities, military facilities, healthcare institutions, and commercial buildings.
"The merger with APC/EST is a significant milestone for Albireo Energy as we continue our aggressive growth and expand our geographic footprint", said Phil Bomrad, CEO of Albireo Energy. "APC and EST have developed robust solutions in analytics and lighting controls that we believe will provide significant growth opportunities for Albireo, while improving our ability to serve key markets in the region."
"Albireo is a great example of Huron Capital's ExecFactor® buy-and-build model," said Jim Mahoney, Partner at Huron Capital. "We have been working closely with Phil and the Albireo team and have completed seven transactions in just over two years, and we will continue to look for new opportunities to grow Albireo's customer base and service offerings."
About Huron Capital Partners LLC
Based in Detroit, Huron Capital Partners is an operationally-focused private equity firm with a long history of growing lower middle-market companies through our proprietary ExecFactor® buy-and-build investment model. We prefer complex situations where we can help companies reach their full potential by combining our operational approach, substantial capital base, and transaction experience with seasoned operating executives. Founded in 1999, Huron Capital has raised over $1.1 billion in capital through four committed private equity funds and invested in over 115 companies, and our portfolio companies have employed over 11,000 people throughout North America. The Huron Capital buy-and-build investment model includes equity recapitalizations, family succession transactions, market-entry strategies, corporate carve-outs, and management buyouts of companies having revenues up to $200 million. Huron Capital targets both majority and less-than-majority equity stakes in fundamentally-sound companies that can benefit from the firm's operational approach to creating value. Huron Capital's sector focus includes business services, consumer products & services and specialty manufacturing. For more information, please visit www.huroncapital.com.
About Albireo Energy
Albireo Energy provides building automation solutions and energy services to commercial and institutional buildings nationally. Their solutions and services help building owners and managers improve efficiency and reduce operational costs while improving comfort for tenants. Through its operating divisions, Albireo Energy has a history of providing exceptional solutions to mission critical facilities such as data centers, labs, military installations, and hospitals. Their service portfolio includes energy efficiency, demand response, energy procurement services and smart building solutions including installing and optimizing building automation solutions, electrical power monitoring systems, lighting systems, and fire and life safety technologies. For more information, visit www.AlbireoEnergy.com.
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SOURCE Huron Capital Partners LLC