Printer Friendly

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.

Country: USA

Sector: Construction/Real Estate

Target: GxP Automation, LLC

Buyer: Albireo Energy


Deal size in USD:

Type: LBO


Status: Closed

Buyer advisor: , ,

Comment: Terms of the deal were not disclosed

COPYRIGHT 2015 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2015 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:M & A Navigator
Date:Jun 22, 2015
Previous Article:Anthem Reiterates USD 184/Share Offer for Cigna.
Next Article:Vimicro Receives Buyout Offer from Group Led by Founder.

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters