Albireo Energy Buys New England Building Automation Firm GxP.
22 June 2015 - US-based private equity firm Huron Capital Partners' portfolio company, Albireo Energy, has acquired US-based building automation solutions firm GxP Automation, LLC the firm said on Monday.
Terms of the deal were not disclosed.
GxP designs, installs and maintains building automation systems and monitoring solutions for life sciences, commercial and other clients in the Northeast.
Since its inception, GxP has strategically focused on the life sciences market due to the mission-critical nature of environment control and monitoring of pharmaceutical and biotech research labs and production facilities.
Huron Capital initiated the Albireo Energy platform in 2013 under the firm's proprietary ExecFactor buy-and-build investment model by partnering with industry veteran Phil Bomrad to lead a strategic market-entry initiative.
In addition to geographic expansion, Albireo Energy will continue to introduce additional enterprise services 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.
Albireo Energy is a Huron Capital Partners portfolio company that provides building automation solutions and energy services to commercial and institutional buildings nationally.
Sector: Construction/Real Estate
Target: GxP Automation, LLC
Buyer: Albireo Energy
Deal size in USD:
Buyer advisor: , ,
Comment: Terms of the deal were not disclosed