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424 Capital Completes Acquisition of Hospital Energy
Tuesday 22 September 2020

Massachusetts, US-based equity investments company 424 Capital has launched 424 Capital Fund I, its first new fund in the 424 series, which completed the acquisition of New Hampshire-based energy management firm Hospital Energy, the company said.

Terms of the transaction were not disclosed.

Together with Eagle Private Capital, 424 Capital purchased a majority share from Founder and CEO Mark Mininberg, who will remain CEO of Hospital Energy.

424 Capital makes control equity investments in lower middle market companies within B2B Tech-Enabled Services.

Hospital Energy's energy procurement programmes serve to lower a hospital's spend on gas and electricity while reducing energy price volatility.
Date Published: 22/09/2020