Capstone Headwaters announced that it has successfully advised Taylor Consulting and Contracting (“TCC” or the “Company”) on its sale to energy management company Albireo Energy, LLC (“Albireo”), a portfolio company of Huron Capital. Terms of the deal were not disclosed.
Founded in 2004, TCC offers innovative and customized management and optimization solutions to the energy marketplace utilizing its exclusive technology platforms, including UtilityModule and EnergyAuctions.
TCC’s systems-based approach to energy procurement and management is unique and leading edge within the deregulated energy market. Notably, the Company has also won endorsements from the city of Boston and Philadelphia and serves over 30,000 commercial accounts including Independence Blue Cross and Dunkin’ Donuts.
Albireo is a leading energy management company headquartered in Edison, New Jersey. This deal marked the ninth transaction for Albireo, an ExecFactor® initiative launched by Huron Capital to provide smart building automation and energy services to commercial and institutional customers throughout the U.S. The partnership with TCC expands Albireo’s suite of energy efficiency and automation services to include energy management and procurement, with significant cross selling opportunities expected to result from this transaction.
Scott Stiner, COO of TCC, said
“We are thrilled to join Albireo Energy and Huron Capital and we very much look forward to our new collective future. Taylor has been a significant energy brokerage and data collection firm for years and this merger with Albireo Energy will allow our collective customers to connect the smart building with strategic procurement, budgeting and compliance services."
"We greatly appreciated Capstone Headwaters’ efforts to help us navigate the selling process and to find such a fitting strategic partner.”
Phil Rogers, Albireo CEO, stated
“This combination fulfills a long-held ambition of Albireo to offer our customers best-in-class procurement services.”
Ted Polk, Managing Director at Capstone Headwaters, noted
“This transaction represents a textbook strategic acquisition. The addition of energy procurement services to Albireo’s strong energy efficiency presence has the potential to significantly increase Albireo’s wallet share with its customers.”