DETROIT – The Detroit-based private equity firm Huron Capital announced its building automation and energy services platform, Edison, N.J.-based Albireo Energy, has acquired EMS Technologies Inc., a Crofton, Md.-based provider of building automation and network integration products and services.
The deal marks the 10th transaction for Albireo, an initiative launched by Huron Capital to provide smart building automation and energy services to commercial and institutional customers throughout the United States. The partnership deepens Albireo’s customer base in the government sector and increases its data management and integration capabilities.
Founded in 1980 and serving the Maryland and Virginia areas with heavy emphasis in Washington D.C. and Baltimore, EMS designs, engineers, integrates, and services energy management systems. EMS serves government agencies, commercial building owners, higher education and healthcare institutions, and more than eight million square feet of data center space.
Said EMS CEO Glen Smith, who will remain with the company: “Combining our advanced building automation services with Albireo’s comprehensive energy solutions and dedicated capital is expected to help us continue to serve our existing customers, and fuel new opportunities moving forward.”
Added Albireo Energy CEO Phil Rogers: “EMS’ robust building automation systems expertise is at the forefront of the industry, and we believe it will further strengthen Albireo.”
Huron Capital formed Albireo in 2014 with the goal of building an industry leader in the fast-growing U.S. market for energy efficiency, building automation and energy management.
“We believe EMS’ highly respected brand and state-of-the-art control solutions make it an excellent strategic and cultural fit for Albireo,” said Jim Mahoney, senior partner at Huron Capital. “We see this as another great example of Huron Capital working with its portfolio companies to execute our ExecFactor buy-and-build investment model.”
Based in Detroit, Huron Capital is an operationally-focused private equity firm with a long history of growing lower middle-market companies through a buy-and-build investment model it calls ExecFactor. Celebrating its 20th anniversary in 2019, Huron Capital has raised more than $1.8 billion in capital through six committed private equity funds, and has invested in more than 160 companies that have employed more than 11,000 people throughout North America.