Albireo Energy Acquires Customer Portfolio From Energy Procurement Consultant
October 29, 2019 Email This Story Copyright 2010-19 EnergyChoiceMatters.com
Reporting by Paul Ring • firstname.lastname@example.org
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Albireo Energy, a building automation and energy services
company whose services include energy procurement consulting, announced its acquisition of Bridge Power Consulting’s portfolio of customer contracts.
Power Consulting, founded in 2013 by what Albireo described as, "deep domain experts in energy trading and market risk
management," will continue as an ongoing agent partner representing the full suite of Albireo Energy
products and services as part of the energy procurement & advisory division.
Albireo Energy’s Energy Procurement & Advisory Division was formed in November 2018 with the
acquisition of Taylor Consulting. The Bridge
Power assets will be a tuck-in to its software-enabled energy procurement platform.
"We are thrilled to deploy our growth capital on the Bridge Power assets, which will bring many new
clients onto our energy procurement platform and we continue to hunt for portfolios like Bridge Power,"
said Scott Stiner, General Manager of the Energy Procurement Division at Albireo Energy.
customers will immediately benefit from services such as UtilityModule, the Energy Scorecard, and the
UM mobile app," Stiner said
deal was led by Matthew Wheatley, CRO of the Energy Procurement Division at Albireo Energy
Wheatley commented, "we still see a lot of opportunities for consolidation in the sector and expect to complete a
few more tuck-ins soon as counterparties are seeing that Albireo’s platform and service offerings can help
them accelerate growth."