Sustainability is becoming an increasingly important word at Huron Capital Partners.
The downtown Detroit-based private-equity firm, it calls the Guardian Building
home, has formed a partnership with Phil Bomrad, a veteran of the energy and clean-tech industries. Huron Capital Partners plans to invest in companies with a focus on sustainability through a holding company, Albireo Energy
"We see a lot of really strong trends in this market," says Jim Mahoney, partner with Huron Capital Partners
. "We think it’s a large and fragmented market which is good for us to invest in."
Albireo Energy will focus on making investments in the energy services industry, specifically companies that focus on energy-efficiency and grid-services for commercial and institutional buildings. The idea is to provide capital to companies that help owners of large buildings lower operational costs and environmental impacts.
Some of the characteristics of the targeted growth firms are companies with strong expertise in building automation and energy efficiency retrofit projects that have an existing commercial building customer base and annual revenues greater than $15 million.
Mahoney expects Huron Capital Partners to make about a dozen investments from this partnership, including a handful over this year. The private-equity firm employs more than 20 people and has hired four over the last year.
Source: Jim Mahoney, partner of Huron Capital Partners
Writer: Jon Zemke
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