Huron Capital's Albireo Energy Adds a Ninth Company to Platform

DETROIT, Nov. 27, 2018 /PRNewswire/ -- Lower-middle-market private equity firm Huron Capital today announced its building automation and energy services platform, Albireo Energy, has acquired Taylor Consulting & Contracting, a leading energy management company.

The deal marks the ninth transaction for Albireo, an ExecFactor ^® initiative launched by Huron Capital to provide smart building automation and energy services to commercial and institutional customers throughout the U.S. The partnership expands Albireo's suite of energy efficiency and automation services to include energy management and procurement.

Founded in 2004, Avoca, Pa.-based Taylor helps customers reduce their utility costs through its software-enabled procurement services.

"We chose to join Albireo because of the unique opportunity the combination affords for deepening relationships with our existing customers, extending our reach into new markets through access to capital and people, and the chance to serve existing Albireo customers with our proprietary technology and processes," said Scott Stiner, COO of Taylor Consulting, who will remain in his role and continue to lead the current management team.

"The acquisition of Taylor Consulting is a great strategic and cultural fit that expands our ability to be the go-to partner for efficient energy usage and procurement," said Phil Rogers, CEO of Albireo Energy. "This combination fulfills a long-held ambition of Albireo to offer our customers best-in-class procurement services."

Huron Capital formed Albireo in 2014 with the goal of building a leading company in the fast-growing energy efficiency, building automation and energy management markets in the U.S. In addition to the Taylor Consulting & Contracting transaction, Albireo has completed eight acquisitions over the past four years. Those companies include Energy Management Control Corporation, Energy Options, Electronic Controls Systems, Energy Systems Technologies, Green Total Solutions, Sky Technologies, GxP Automation and Advance Power Control.

"The acquisition of Taylor Consulting & Contracting broadens Albireo's portfolio of strong energy services solutions," said Jim Mahoney, Senior Partner at Huron Capital. "We see this as another great example of how Huron Capital's ExecFactor® buy-and-build investment model can create value at our portfolio companies."

About Huron Capital
Based in Detroit, Huron Capital 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 $1.8 billion in capital through six committed private equity funds and invested in over 150 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 control and non-control 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 industrials.  For more information, please visit www.huroncapital.com.

About Albireo Energy
Albireo Energy provides building automation and integration 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. For more information, visit www.AlbireoEnergy.com.

About Taylor Consulting & Contracting
Founded in 2004, Taylor Consulting & Contracting is one of the top ten largest and most innovative energy management firms in the country. The company helps companies find ways to save money on energy by acquiring utility and supplier data and using its proprietary systems to analyze how to optimize pricing options. The overall strategic planning includes evaluating market conditions, discussing risk tolerance, and working with your business to uncover solutions. For more information, visit https://www.taylorcc.com/.

Contact:          
Brent Snavely, Director
Lambert & Co.
(313) 309-9516

SOURCE Huron Capital

Related Links

http://www.huroncapital.com