Livingstone helps raise finances for Albireo acquisition

By ROI-NJ Staff
Edison | Dec 12, 2018 at 7:00 am

Livingstone announced recently it has helped raise financing for Edison-based Albireo Energy to acquire Taylor Consulting & Contracting LLC.

This is Albireo’s ninth deal in energy efficiency and automation services, it said.

“The acquisition of Taylor Consulting is a great strategic and cultural fit for Albireo,” Brian Rassel, vice president of Huron Capital, said. “We really appreciate the effort and care Livingstone gave, particularly their financing process. We could not have pulled off the same process or gotten the same outcome with a partner other than Livingstone.”

LBC Credit Partners provided financing for the deal, Livingstone said.

“We were thrilled to work with the Huron and Albireo teams on this transformational acquisition. Huron’s history of successfully executing on a buy-and-build strategy resulted in strong interest in the transaction. Our financing process helped Huron identify LBC as the ideal lending partner with whom to continue to grow the business,” Mark Birkett, managing director, Livingstone, said.

Albireo, which is a portfolio company of Huron Capital, is a provider of energy solutions. Taylor Consulting is an energy management service provider.

Financial terms were not disclosed.

ROI-NJ Staff | editorial@roi-nj.com | @ROINJNews