Huron Capital Partners Expands Energy Services Holdings, Acquires Electronic Controls Systems and Green Total Solutions

Huron Capital Partners Expands Energy Services Holdings, Acquires Electronic Controls Systems and Green Total Solutions

New Companies Join Albireo Energy Platform, Expand Geographic Footprint to the West Coast

PR Newswire

DETROIT, Oct. 15, 2014 /PRNewswire/ — Huron Capital Partners (“Huron Capital”) today announced continued acquisition momentum in the building automation and energy services sector with the addition of Poway, CA-based Electronic Controls Systems (“ECS”) and Green Total Solutions (“GTS”) to its Albireo Energy, LLC (“Albireo Energy”) platform.

Together, ECS and GTS have nearly 200 employees providing building automation solutions and energy services to Fortune 500 companies, large REITS, military bases and data centers. As divisions of Albireo Energy, the two companies will retain their names and remain headquartered in California to continue to support operations in the Western U.S. The acquisitions provide customers with coast-to-coast reach, bring a strong presence in the important Western U.S. market, and add expertise in municipal and government contracts.

“We have been aggressively pursuing the West Coast and ECS and GTS have an excellent track record, making them a perfect fit for Huron Capital and Albireo’s buy-and-build strategy,” said Jim Mahoney, Partner at Huron Capital. “We’re looking forward to the benefits these two companies will bring to the Albireo Energy platform.”

Huron initiated the Albireo platform in 2013 under the firm’s ExecFactor(SM) buy-and-build investment model by partnering with a proven executive, in this case industry veteran Phil Bomrad, to lead a strategic market-entry initiative. In addition to geographic expansion, Albireo Energy will introduce additional services through ECS and GTS including demand response, which encourages electricity customers to reduce their consumption at critical times, energy procurement, central plant efficiency, and a robust suite of related energy services.

“The acquisitions of ECS and GTS are a significant milestone for Albireo Energy both in geographic reach and the addition of municipal and government expertise. As we continue our aggressive expansion efforts, our goal was to increase our presence on the West Coast and in particular California,” said Phil Bomrad, CEO of Albireo Energy. “The acquisitions of ECS and GTS allow us to immediately and emphatically realize that mission.”

About Huron Capital Partners LLC
With offices in Detroit and Toronto, Huron Capital is an operationally-focused private equity firm with a long history of growing lower middle-market companies through its customized ExecFactor(SM) buy-and-build investment model. Huron prefers complex situations where it can help companies reach their full potential by combining its operational approach, substantial capital base and transaction experience with proven operating executives. Founded in 1999, Huron has raised over $1.1 billion in capital through four committed private equity funds, invested in over 85 companies, and its portfolio companies have employed over 7,500 people throughout North America. Huron’s 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’s sector focus includes Specialty Manufacturing, Business Services, Consumer Goods & Services, and Healthcare. For more information, please visit www.huroncapital.com.

About Albireo Energy
Albireo Energy (“AE”) is a Huron Capital Partners portfolio company that 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, AE 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 building automation installations and optimization, systems integration, metering and lighting.

About Electronic Control Systems (“ECS”) and Green Total Solutions (“GTS”)
ECS has been delivering building automation solutions throughout Southern California since 1996. In 2009, GTS was established to address the tremendous growth opportunity for energy efficiency and smart buildings in the federal market. Together, ECS and GTS have approximately 200 professionals dedicated to installing building automation, energy efficiency measures, fire detection and security systems in thousands of buildings throughout California and adjacent markets.

SOURCE Huron Capital Partners

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