Huron Capital, a Detroit-based lower-middle-market private equity firm, today announced its building automation and energy services platform, Albireo Energy, has acquired New York-based Energy Management Control Corp. (EMCC). Terms of the deal were not disclosed.
The acquisition marks the eighth add-on for Albireo, which is a platform initiative launched by Huron Capital to provide smart building automation and energy services to commercial and institutional customers in the United States.
“Last year, we doubled our presence in the New York area, and the EMCC acquisition adds to this momentum, further affirming the Huron Capital business case for Albireo’s continued growth in the fragmented building-automation and energy-services market,” says Phil Rogers, CEO of Albireo Energy. “We believe EMCC’s sustainable energy savings and infrastructure offerings coupled with its long-standing tradition of excellent service improves our ability to serve key markets in the region.”
EMCC was founded in 1981 and provides integrated building solutions. The company’s primary offerings include the installation, operation, and maintenance of air volume systems, heating and air conditioning ventilation, and security and access control.
“We are very excited to become part of the Albireo Energy family and to have access to the operational expertise and industry knowledge of Huron Capital,” says John Piraino, president of EMCC. “Most importantly, we will be able to bring more resources to the market and our current customers, and our employees will have greater opportunities for growth as part of the larger Albireo organization.”
Albireo has acquired Energy Options, Electronic Controls Systems, Energy Systems Technologies, Green Total Solutions, Sky Technologies, GxP Automation, and Advance Power Control over the last four years.
“Albireo exemplifies Huron Capital’s ExecFactor buy-and-build investment model,” says Jim Mahoney, senior partner at Huron Capital. “Over the last four years, we have collaborated with Phil and the Albireo team to aggressively identify and pursue opportunities to enhance the platform’s service offerings and customer base, resulting in what we see as eight impactful acquisitions.”
Huron Capital was founded in 1999 and has raised more than $1.8 billion in capital through six committed private equity funds and invested in more than 150 companies.