Albireo Energy Announces CEO Succession as Company Enters Next Stage of Accelerated Expansion

EDISON, N.J.--(BUSINESS WIRE)--Albireo Energy, a leading independent building controls and energy services provider and a Huron Capital portfolio company, today announced that Kevin Baxter has been appointed CEO, a leadership transition that reinforces the company’s momentum and affirms Huron Capital’s confidence in Albireo Energy’s long-term strategy. Larry G. Wash, who has served as both co-Chairman and CEO, will continue as co-Chairman.

Since 2023, Baxter has been serving as President, playing a central role in leading Albireo Energy’s growth strategy, overseeing sales performance, and operating results. Under his leadership, the company reported strong profitable growth and a near-balanced mix of building controls solutions and ongoing service. Baxter spearheaded the company’s regional go-to-market approach and advanced data center, mission critical, energy procurement, and Intelligent Services strategies.

Baxter previously held senior leadership positions at Munch’s Supply, Trane Technologies and KONE. He is recognized for driving transformational service growth and brings experience in talent development, service expansion and long-term business sustainability.

“Kevin’s appointment reflects our disciplined succession planning process and our commitment to developing strong leaders across Albireo Energy,” said Jim Mahoney, Managing Partner at Huron Capital and co-Chairman of the Albireo Energy Board. “As CEO, Kevin will lead Albireo Energy’s value-creation strategy by advancing our market position, expanding geographic reach, and strengthening the capabilities that help building owners operate more efficiently and effectively. Huron Capital’s support of this transition reinforces our confidence in Albireo Energy’s direction and long-term potential.”

As co-Chairman, Wash will continue to focus on the company’s M&A activity, support strategic planning, engage with key customers, and provide governance along with the company’s Board of Directors.

Over the past three years, Wash has led Albireo Energy through a significant period of transformation, improving operational performance and establishing a long-term strategy centered on the company’s five Must Win Battles: People, Smart Growth, Service, Project Excellence and Cash.

“Larry’s leadership as CEO and Chairman has positioned Albireo Energy for long-term success, and we appreciate the strategic vision, operational discipline, and people-focused culture he established,” said Mahoney. “We know his strategic agility and commitment to Albireo Energy, our strategy, our customers, and our people will remain central, and he will be an instrumental partner to Kevin and the Board of Directors.”

Under Wash’s leadership, the company integrated 24 acquisitions into a single operating platform, recorded sustained EBITDA growth, and achieved strong customer satisfaction and retention. Wash also advanced employee benefits and was a major proponent of safety and employee engagement initiatives.

Albireo Energy enters the second half of 2026 with a focused leadership team, a clear strategic roadmap and continued momentum across its branches.

About Albireo Energy

Albireo Energy is a leading independent building controls and energy services provider recognized by customers for creating intelligent, high-performance buildings. We help building owners and their teams make decisions about building automation that achieve operating performance, decarbonization, and sustainability goals. Our building performance experts design and deliver technology and service solutions that give building owners and operators maximum control of data centers, offices, hospitals, universities, manufacturing plants, and multi-use sites. Our work begins with engineering, project planning, and exceptional execution and extends through maintenance, monitoring, analytics, and energy procurement services. At Albireo Energy, our promise is to stay connected. For more information, visit https://albireoenergy.com.

About Huron Capital

Huron Capital brings a people-first and thematic approach to private equity investing in secularly relevant and fragmented sectors of the North American services industry. We pride ourselves on an unwavering commitment to candor, trust, accountability, and transparency in our relationships with management teams, investors, advisors, and employees. Founded in Detroit in 1999, we partner with entrepreneurs and management teams, empowering their companies to new levels of excellence. We provide resources to help companies grow by professionalizing operations, improving service offerings, executing M&A strategies, and accessing new markets. Huron Capital has managed over $1.8 billion on behalf of a global institutional investor base. We fulfill our commitment to all stakeholders by employing a repeatable playbook to drive thoughtful value creation, showcased in over 250 acquisitions since the firm's inception.