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Huron Capital Partners aims for sustainability with new partnership

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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  • Huron Capital Partners
    500 Griswold St
    Suite 2700
    Detroit, MI 48226 Website
    Huron Capital is a leading private equity firm investing in lower middle-market companies. The firm has raised and manages over $600 million in equity through three private equity funds.