San Diego, CA – November 6th, 2014 – Objective Capital Partners, a leading middle market investment bank focused on transactions for privately held companies with enterprise values up to $250 million, is pleased to announce that it has completed the successful sale of Electronic Control Systems (ECS) and Green Total Solutions (GTS) to Albireo Energy, LLC (Albireo Energy).
The transaction, which closed on October 15, 2014, was led by Trever Acers, Channing Hamlet and Stephen Hsu of Objective Capital Partners. Objective Capital Partners provided leadership of the transaction, from sourcing high-fit strategic buyers through due diligence, negotiation of the terms and closing of the transaction.
“The ECS & GTS management teams have done an exceptional job of building the companies into leaders in the energy efficiency and building automation markets,” said Trever Acers, Managing Director at Objective Capital Partners. “By closely listening to the Founder’s objectives, communicating the businesses’ unique story, and positioning the companies to highlight their full value, we were able to engage a high-fit partner in Albireo Energy. Albireo Energy’s platform will provide the ECS and GTS teams the opportunity to grow their businesses to the next level and continue to provide customers with exceptional energy solutions. It’s gratifying to see passionate entrepreneurs not only harvest the fruits of their labor but also become part of a larger company that reflects their work ethic, innovation and commitment to client satisfaction. It was a pleasure working with the management teams and we look forward to watching the companies’ continued success.”
Together, ECS and GTS provide building automation solutions and energy services to Fortune 500 companies, large REITS, military bases and data centers. As divisions of Albireo Energy, the two companies will retain their names and remain headquartered in California to grow operations in the Western U.S. “We have had tremendous success in the western region, and our customers have been asking ECS to expand our geographic reach and scope of services for years. Being part of Albireo Energy will enable us to meet that demand and bring more resources to the market and our current customers,” said Zbigniew Cabaj, President of ECS. “Our entire management team is excited about the tremendous growth opportunity Albireo Energy provides. Working with Objective Capital Partners to achieve this sale exceeded my expectations. I can’t recall the last time I found such a hard-working, supportive and focused team…other than my own! Trever and his group at Objective Capital Partners helped us capture the value we’ve built over the last 18 years and positioned our team for continued success for years to come.”
“The acquisitions of ECS and GTS are a significant milestone for Albireo Energy both in geographic reach and the addition of municipal and government expertise. Our goal was to increase our presence on the West Coast and in particular, California,” said Phil Bomrad, CEO of Albireo Energy. “The acquisitions of ECS and GTS allow us to immediately and emphatically realize that mission. It was an impressive experience collaborating with the team at Objective Capital Partners to realize our goal.”
Zbigniew Cabaj will continue forward as President of ECS, and with Albireo’s resourceful team and infrastructure behind him, the business will proceed with plans to expand the West Coast service footprint significantly.
About Objective Capital Partners
Objective Capital Partners (www.objectivecp.com) is a Southern California based investment banking firm with over 450 successful transactions focused on serving the transaction needs of growth stage and mid-size companies. Services include sale transactions, equity and debt capital raises and comprehensive advisory services. The firm’s industry expertise includes business services, software and hardware technology, aerospace/defense, IT services, healthcare services, energy services, biotech, consumer products and specialized manufacturing. The firm’s professionals have a unique combination of investment banking, private equity, and business ownership experience that enables Objective Capital Partners to provide large enterprise caliber investment banking services to companies with annual revenues ranging from $10MM to $300MM.
About Electronic Control Systems and Green Total Solutions
Electronic Control Systems (ECS) has been delivering building automation solutions throughout Southern California since 1996. In 2009, Green Total Solutions (GTS) was established to address the tremendous growth opportunity for energy efficiency and smart buildings in the federal market. Together, ECS and GTS have approximately 200 professionals dedicated to installing building automation, energy efficiency measures, fire detection and security systems in thousands of buildings throughout California and adjacent markets.
About Albireo Energy
Albireo Energy (AE) 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, AE 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.