Albireo Energy, a portfolio company of Huron Capital, has acquired Taylor Consulting & Contracting, a provider of energy management services.
Huron formed its Albireo Energy platform in 2014 to make investments in the energy services and smart buildings sectors. The company is headquartered in Edison, NJ (www.albireoenergy.com).
Taylor Consulting is one of the top ten largest energy management firms in the country. The company is active in analyzing its customers’ utility expenses, creating budgets, aggregating energy load with similar customers to create purchasing power, forming buying group auctions, streamlining energy bill payment, and energy efficiency consulting. Taylor Consulting was founded in 2004 and is headquartered near Scranton in Avoca, PA (www.taylorcc.com).
“We chose to join Albireo because of the unique opportunity the combination affords for deepening relationships with our existing customers, extending our reach into new markets through access to capital and people, and the chance to serve existing Albireo customers with our proprietary technology and processes,” said Scott Stiner, COO of Taylor Consulting, who will remain in his role and continue to lead the current management team.
“The acquisition of Taylor Consulting is a great strategic and cultural fit that expands our ability to be the go-to partner for efficient energy usage and procurement,” said Phil Rogers, CEO of Albireo Energy. “This combination fulfills a long-held ambition of Albireo to offer our customers best-in-class procurement services.”
The buy of Taylor Consulting is the ninth transaction for Albireo under Huron ownership. The other acquisitions include Energy Management Control (April 2018), Energy Systems Technologies (July 2016), Advance Power Control (July 2016), GxP Automation (June 2015), Sky Technologies (March 2015), Electronic Controls Systems (October 2014), Green Total Solutions (October 2014), and Energy Options (June 2014).
“The acquisition of Taylor Consulting broadens Albireo’s portfolio of strong energy services solutions,” said Jim Mahoney, Senior Partner at Huron Capital. “We see this as another great example of how Huron Capital’s ExecFactor® buy-and-build investment model can create value at our portfolio companies.”
Huron Capital is an operationally-focused private equity firm that makes control and non-control investments in companies with revenues of $20 million to $200 million and EBITDAs of $5 million or more. Sectors of interest include business services, consumer goods & services, and specialty industrials. Founded in 1999, Detroit-based Huron Capital has raised over $1.8 billion in capital through six private equity funds and invested in over 150 companies (www.huroncapital.com).
© 2018 Private Equity Professional | November 29, 2018