Albireo Energy Completes Purchase of Powers’ Divisions in Oklahoma and Mississippi/Louisiana
Albireo Energy, a leading independent building controls and energy services provider and a Huron Capital portfolio company, announced today that it has completed its acquisition of the Powers' regional divisions in Oklahoma and Mississippi/Louisiana. The acquired businesses are highly regarded building automation systems (BAS) providers serving commercial, industrial, healthcare, and other mission-critical facilities.
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"Powers' divisions in Oklahoma and Mississippi/Louisiana represent a strong strategic fit for Albireo Energy," said Albireo Energy CEO Kevin Baxter. "We've been impressed by the experienced team, established customer relationships, and deep roots in these high-growth Southern states. These attributes closely align with our capabilities and long-term growth strategy."
The transaction strengthens Albireo Energy's presence in the South, a region characterized by rapid new construction and a large base of aging buildings in need of modernization. The market also benefits from ongoing investment in advanced manufacturing, emerging data center activity and a stable base of institutional and commercial facility demand.
