Huron Capital-backed Albireo Energy has acquired Quality Building Controls, a provider of building automation systems and related repair and maintenance services.
Headquartered in Tampa, Florida, QBC was founded in 1997 by Jerry Dohse and primarily serves customers in the education, health care, industrial and commercial industries throughout Central Florida. QBC possesses long-term relationships with its customers, is a Johnson Controls systems dealer and employs a workforce of experienced technicians.
"Albireo Energy's capabilities, expertise and values make it a logical fit for the next chapter of the QBC family and the customers we serve," QBC President Jerry Dohse said in a statement. Dohse will remain with the company in a business development role. "I'm proud of what we have built and excited to position ourselves for future growth. Continuing to add resources and structure to sales and service initiatives allows us to deepen the relationships we have with our clients and provides new opportunities for our existing employees."
The acquisition of QBC is expected increase Albireo's presence in the Southeast and extend the company's customer base in Florida, providing additional recurring revenue.
Albireo Energy CEO Phil Rogers added: "Jerry has built QBC into a strong company with a great roster of customers over the past 22 years, and we are pleased to add his team's experience and expertise as we execute the integration process and beyond. As one unified front, we believe Albireo will continue to grow and gain market share across the region."
In addition to Dohse, all other management and team members will continue in their current roles at QBC.
Huron Capital formed Albireo in 2014 with the goal of building an industry leader in the fast-growing U.S. 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, which combine a CEO's industry expertise with Huron Capital's investment experience and committed capital.