DETROIT — Albireo Energy LLC has acquired New Jersey-based Energy Options Inc.
Albireo Energy is led by CEO Phil Bomrad and is a portfolio company of Detroit-based Huron Capital Partners LLC. Bomrad and Huron partnered in 2013 to pursue a buy-and-build strategy in the energy efficiency services market, and the acquisition of Energy Options marks their first deal.
Energy Options is aN independent provider of building automation systems and monitoring services in New Jersey and the New York metropolitan area. Energy Options will continue to deliver building automation services and solutions to commercial and institutional buildings while leveraging Albireo Energy resources to expand its services portfolio.
As part of the Albireo Energy holding company, Energy Options will introduce additional energy efficiency solutions and provide energy procurement and demand response services. Energy Options will operate as a division of Albireo Energy and remain headquartered in New Jersey.