Detroit private equity firm Huron Capital today announced its New Jersey-based building automation and network integration solutions company, Albireo Energy, has acquired EMS Technologies, which offers building automation and network integration solutions.
This is the 10th transaction for Albireo and deepens the company’s customer base in the government sector while increasing its data management and integration capabilities.
“EMS’s robust building automation systems expertise is at the forefront of the industry, and we believe it will further strengthen Albireo,” says Phil Rogers, CEO of Albireo Energy. “We are looking forward to combining our companies’ operational expertise and are proud to welcome EMS to the Albireo family.”
EMS designs, engineers, integrates, and services energy management solutions in the Maryland and Virginia areas. It was founded in 1980 and has worked with government agencies, commercial buildings, higher-education and health-care institutions, and mission critical/data center facilities.
“Combining our advanced building automation services with Albireo’s comprehensive energy solutions and dedicated capital is expected to help us continue to serve our existing customers and fuel new opportunities moving forward,” say Glen Smith, CEO of EMS. Smith will remain active in the company after the transaction.
Huron Capital formed Albireo in 2014 with the goal of building an industry leader in the U.S. market for energy efficiency, building automation, and energy management.
“We believe EMS’ highly respected brand and state-of-the-art control solutions make it an excellent strategic and cultural fit for Albireo,” says Jim Mahoney, senior partner at Huron Capital. “We see this as another great example of Huron Capital working with its portfolio companies to execute our ExecFactor buy-and-build investment model.”
Over the last 20 years, Huron Capital has raised more than $1.8 billion in capital through six committed private equity funds and has invested in 160 companies.