Albireo Energy, a portfolio company of Huron Capital Partners, has acquired GxP Automation, a provider of environment control and monitoring systems primarily for companies operating in the life sciences industry. This is the fifth acquisition by Albireo Energy since its launch by Huron in May of 2014.
GxP Automation designs, installs and maintains environment control systems which are sold to the life sciences and commercial markets primarily in the Northeastern US. Since its founding in 2004, GxP has 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. The company is headquartered northwest of Boston in Chelmsford, MA (www.gxpautomation.com).
“GxP’s expertise and reputation in the Boston metropolitan area is a synergistic addition to the Albireo platform. We are excited for the opportunities to leverage GxP’s proficiency in life sciences applications across our footprint while gaining access to the highly attractive market in the Northeast,” said Phil Bomrad, Chief Executive Officer of Albireo Energy.
Huron Capital formed its Albireo Energy platform in 2014 by partnering with Mr. Bomrad to make investments in the energy services and smart buildings sectors. Albireo Energy is headquartered in Edison, NJ (www.albireoenergy.com).
“We are excited to bolster our offering to life sciences clients through the partnership with GxP. Our existing footprint aligns well with that of the pharmaceutical and biotech industry, and we believe the addition of GxP will enable us to service our customer base more holistically in addition to creating opportunities to service new customers,” said Jim Mahoney, Partner at Huron Capital.
Huron Capital Partners invests up to $70 million per transaction in middle market companies that have revenues up to $200 million and EBITDAs of $5 million or more. Sectors of interest include education & training, healthcare, specialty chemicals, specialty packaging, consumer products, home decor, business services, industrial manufacturing, food & beverage, and marketing services. The firm was founded in 1999 and currently manages over $1.1 billion in committed equity through four private equity funds. Huron Capital Partners has offices in Detroit and Toronto (www.huroncapital.com).
© 2015 PEPD • Private Equity’s Leading News Magazine • 6-23-15
