Lower-middle-market private equity firm Huron Capital has acquired Environmental Energy Corp. (EEC), a provider of energy management systems for large commercial and higher education buildings.
EEC provides energy management systems for large commercial and higher education buildings, primarily in the New York metropolitan area. The addition of EEC is the second tuck-in acquisition for Albireo’s New York division, expanding its presence in an extremely competitive market.
The acquisition is part of the firm’s automation and energy services platform, Albireo Energy. 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. To date, Albireo has invested in 16 companies through 10 separate acquisitions. Albireo also is one of 15 Huron Capital ExecFactor® initiatives, which initiative combines a CEO’s industry expertise with Huron Capital’s investment experience and committed capital.
