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Albireo Energy Acquires Advanced Automated Systems in Southern California Expansion
Tuesday 21 January 2020

21 January 2020 - US-based Albireo Energy, the building automation and energy services platform of Michigan-based private equity firm Huron Capital, has acquired building automation and energy management services provider Advanced Automated Systems, Inc. (AAS), to continue expansion in Southern California, the company said.
Terms of the transaction were not disclosed.
The acquisition of Advanced Automated represents an opportunity to strengthen Albireo's presence on the West Coast and offers significant potential to expand relationships with key customers in Southern California and other markets.
Albireo Energy, one of Huron Capital's ExecFactor initiatives, was launched to provide smart building automation and energy services to commercial and institutional customers throughout the US Albireo has invested in 18 companies through 12 separate acquisitions since it was formed by Huron Capital in 2014.
Huron Capital has raised over USD 1.8bn in capital through six committed private equity funds and invested in over 190 companies, with portfolio companies that have employed over 11,000 people throughout North America.
Albireo Energy provides national building automation and integration solutions and energy services to commercial and institutional buildings.
Advanced Automated Systems is a building automation, energy management firm primarily servicing the region of Southern California.
Date Published: 21/01/2020
Target: Advanced Automated Systems
Country: USA
Sector: Construction/Real Estate
Type: LBO
Status: Closed
Buyer: Albireo Energy
Terms of the deal were not disclosed