DFW Invests in LRI

DFW Invests in LRI

lri-nf1DFW Capital Partners has made an investment in LRI Energy Solutions (LRI), a provider of engineering services to energy and water efficiency projects.

LRI services include design, engineering, project management, analysis and monitoring for energy efficiency projects primarily in the Federal and MUSH (Municipalities, Universities, Schools and Hospitals) markets. Since its founding in 1993, LRI has completed over 650 projects throughout the United States and internationally. The company is based in Annapolis (www.lrienergysolutions.com).

stephen-troese-nf1Arborview Capital first invested in LRI in November 2009. “Over the past seven years, LRI has had a strong partnership with Arborview Capital and experienced tremendous growth,” said Stephen Troese, Jr., CEO and Co-founder of LRI. “We are excited about adding a new strategic partner, DFW Capital Partners, and executing the next phase of our growth initiatives where we will continue to drive significant energy and water savings and efficiencies.”

dfw-nf1DFW invests from $15 million to $50 million in lower middle-market service companies. Sectors of interest include healthcare and outsourced business and industrial support services.  The firm is headquartered in Teaneck, NJ, and has an additional office in Chevy Chase, MD (www.dfwcapital.com). Douglas Gilbert, Partner, led the transaction for DFW.

LRI is DFW’s first portfolio investment in its newest fund, DFW Capital Partners V, LP, which held its final closing in April 2016 with $360 million in aggregate commitments.

arborview-nf1Arborview Capital is a growth equity firm that makes investments in companies across the energy efficiency, resource efficiency and sustainability sectors. The firm is based in Chevy Chase, MD (www.arborviewcapital.com).

© 2016 Private Equity Professional • 10-5-16

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