Huron Capital's Albireo Energy Completes Fifth Acquisition In Thirteen Months

DETROIT, June 22, 2015 /PRNewswire/ -- Huron Capital Partners ("Huron Capital") today announced that portfolio company Albireo Energy, LLC ("Albireo Energy") has acquired GxP Automation, LLC ("GxP") of Chelmsford, Massachusetts, a provider of building automation solutions predominately to the life sciences industry. 

GxP designs, installs and maintains building automation systems and monitoring solutions for life sciences, commercial and other clients in the Northeast. Since its inception, GxP has strategically focused on the life sciences market due to the mission-critical nature of environment control and monitoring of pharmaceutical and biotech research labs and production facilities. 

"GxP's expertise and reputation in the Boston metropolitan area is a synergistic addition to the Albireo platform. We are excited for the opportunities to leverage GxP's proficiency in life sciences applications across our footprint while gaining access to the highly attractive market in the Northeast," said Phil Bomrad, Chief Executive Officer of Albireo Energy, which has operations serving a national footprint. 

Huron Capital initiated the Albireo Energy platform in 2013 under the firm's proprietary ExecFactor® buy-and-build investment model by partnering with industry veteran Phil Bomrad to lead a strategic market-entry initiative. In addition to geographic expansion, Albireo Energy will continue to introduce additional enterprise services including demand response, which encourages electricity customers to reduce their consumption at critical times, energy procurement, central plant efficiency and a robust suite of related energy services.

"We are excited to bolster our offering to life sciences clients through the partnership with GxP. Our existing footprint aligns well with that of the pharmaceutical and biotech industry, and we believe the addition of GxP will enable us to service our customer base more holistically in addition to creating opportunities to service new customers," said Jim Mahoney, Partner at Huron Capital. This is the fifth acquisition by Albireo Energy since it became operational in May of 2014. 

About Huron Capital Partners, LLC
Based in Detroit, Huron Capital is an operationally-focused private equity firm with a long history of growing lower middle-market companies through its proprietary ExecFactor® buy-and-build investment model. Huron prefers complex situations where it can help companies reach their full potential by combining its operational approach, substantial capital base and transaction experience with proven operating executives. Founded in 1999, Huron has raised over $1.1 billion in capital through four committed private equity funds, invested in over 100 companies, and its portfolio companies have employed over 7,500 people throughout North America. The Huron ExecFactor® buy-and-build investment model includes equity recapitalizations, family succession transactions, market-entry strategies, corporate carve-outs and management buyouts of companies having revenues up to $200 million. Huron's sector focus includes specialty manufacturing, business services, consumer goods & services, and healthcare. For more information, please visit www.huroncapital.com.

About Albireo Energy, LLC
Albireo Energy is a Huron Capital Partners portfolio company that provides building automation solutions and energy services to commercial and institutional buildings nationally.  Their solutions and services help building owners and managers improve efficiency and reduce operational costs while improving comfort for tenants.  Through its operating divisions, Albireo Energy has a history of providing exceptional solutions to mission critical facilities such as data centers, labs, military installations, and hospitals.  Their service portfolio includes energy efficiency, demand response, energy procurement services and smart building solutions including building automation installations and optimization, systems integration, metering and lighting.  For more information, please visit www.albireoenergy.com

About GxP Automation, LLC
Founded in 2004, GxP Automation, LLC provides building automation systems and monitoring services to commercial and institutional clients in the Northeastern U.S. The Company provides design, installation and maintenance services for its solutions to the life sciences, commercial and other vertical markets.

SOURCE Huron Capital Partners

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