Energy Acquisitions in 2018

Albireo Energy, a building-automation and energy services platform backed by Huron Capital, has acquired Taylor Consulting and Contracting to expand its energy management, brokerage and procurement capabilities in the deregulated energy market. Taylor will continue day-to-day operations while joining Albireo's platform to enhance energy management, procurement and smart-building integration services.

ENSERVCO Corporation acquired all outstanding ownership interests of Adler Hot Oil Service, LLC for $12.5 million, with a combination of cash, a seller note, indemnity holdback and an earn-out. The acquisition expands ENSERVCO's frac water heating and hot oiling capabilities and geographic footprint (Bakken, DJ Basin, Green River, Marcellus/Utica) and is expected to be accretive to earnings and improve pro forma debt-to-EBITDA.

Houston-based private equity firms Junction Energy Capital and Ara Partners Group announced a joint investment in PURAGLOBE (Puralube, Inc.), a technology-driven base oil producer that uses recycled oil feedstock. Allied Resource Corporation, the founding shareholder, will retain a substantial stake alongside the new investors as PURAGLOBE expands operations in Germany and the United States.

RESA Power, a portfolio company of Blue Sea Capital, has acquired Grounded Technologies, Inc. (GTI), a Parker, Colorado-based provider of NETA-certified commissioning, acceptance testing, and maintenance services for medium- to high-voltage power equipment. The deal expands RESA Power’s service footprint into the Denver metro area; financial terms were not disclosed.

O2 Investment Partners has made a significant growth investment in EMEX, LLC, partnering with President Dan Marzuola and management to accelerate the energy procurement platform’s growth. Tree Line Capital participated as a financial partner; terms were not disclosed. EMEX is a Houston-based technology-driven energy brokerage and enterprise software provider serving commercial, industrial and government customers across U.S. regulated and deregulated markets.