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Albireo Energy Acquires Quality Building Controls to Expand Building Automation in Florida
Friday 13 December 2019

13 December 2019 - Detroit, US-based private equity firm Huron Capital's Albireo Energy building automation and energy service platform has acquired Florida, US-based building automation systems provider Quality Building Controls, the company said.

Terms of the transaction were not disclosed.

Albireo Energy's capabilities adds resources and structure QBC's sales and service initiatives that allow the company us to deepen relationships with clients and provides new opportunities for existing employees.

Huron Capital formed Albireo in 2014 with the goal of building an industry leader in the US market for energy efficiency, building automation, and energy management.

To date, Albireo has invested in 17 companies through 11 separate acquisitions. Albireo is one of 15 Huron Capital ExecFactor initiatives.

Huron Capital has established six investment funds totaling approximately USD 1.8bn in capital and has completed over 175 transactions throughout North America. Huron Capital portfolio companies have had aggregate annual revenues exceeding USD 3bn, 15,000 employees and operated over 325 facilities.

Albireo Energy provides building automation and integration solutions and energy services to commercial and institutional buildings nationally.

QBC primarily serves customers in the education, healthcare, industrial and commercial industries throughout Central Florida.
Date Published: 13/12/2019
Target: Quality Building Controls,  
Country: USA
Sector: Construction/Real Estate
Type: LBO
Status: Closed
Buyer: Albireo Energy
Terms of the deal were not disclosed