Albireo Energy Completes Purchase of Powers’ Divisions in Oklahoma and Mississippi/Louisiana

EDISON, N.J.--(BUSINESS WIRE)--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.

"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.

By combining Powers' regional expertise in Oklahoma and Mississippi/Louisiana with Albireo Energy's national scale, customers will benefit from enhanced capabilities, including access to Albireo Energy's Managed Services Center, its portfolio of Intelligent Services, such as alarm management, private cloud hosting, and fault detection and diagnostics, and the ability to execute more complex projects across data centers, healthcare, advanced manufacturing, and other markets.

Troy Abell will serve as vice president and general manager, overseeing the Powers branches across the three-state territory. He joins a leadership team with decades of experience with Siemens Building Technologies. Joey Necaise remains head of operations, and John Agnelly and Blain Graham continue to lead the Louisiana and Oklahoma branches, respectively.

"We're excited to build on Powers' strengths and legacy of serving customers in the region while accelerating growth," Abell said. "Albireo Energy shares our commitment to customer focus, operational excellence and investing in our people. Together, we are well positioned to deliver greater value to customers and to expand our footprint across the region."

The transaction includes three regional Powers divisions but does not include the company’s Arkansas operations. Powers is a family-owned BAS company and manufacturers’ representative, headquartered in Central Arkansas, with a longstanding reputation for serving customers across vertical markets.

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 Powers of Oklahoma and Mississippi/Louisiana
Powers of Oklahoma and Powers of Mississippi / Louisiana are Albireo Energy brands that design, install and service building automation systems for commercial, institutional, industrial, and other mission-critical facilities across the four states, helping customers improve building performance, energy efficiency and occupant comfort through reliable controls, responsive service and long-term system support.