Aircon Energy, LLC acquired by OpTerra Energy Group, Inc.

BCMS Insights

BCMS Corporate is pleased to announce the sale of Aircon Energy, LLC to OpTerra Energy Group, Inc., a portfolio company of GFI Energy Group (GFI) of Oaktree Capital Management. The transaction, which closed on November 16, 2010, was led by Justin Fink from the firm’s Dallas / Fort Worth office and supported by Andrew Koczo in New York. BCMS acted as the exclusive advisor to Aircon Energy.

“Aircon Energy is a comprehensive energy services company (ESCO) and leading provider of energy efficiency and renewable energy services in California,” said Justin Fink. “We are continuing to experience strong interest from strategic and financial buyers for companies with differentiated products and services and strong market positions, such as Aircon Energy.”

Aircon Energy is a 36 year old company based in Sacramento, CA that designs and constructs energy efficiency and renewable energy projects for large facilities of public and private sector customers.  Aircon has significant experience implementing energy conservation and generation solutions for cities, counties and school districts in California and surrounding states.  Aircon also assists clients in securing utility rebates, grants, and third-party project financing to further enhance the value of its projects.

OpTerra was established to create a nationally-scaled, best in class energy service company (ESCO). OpTerra will evaluate, design, and implement a portfolio of energy efficiency and clean energy generation solutions for building owners and occupants in governmental, educational, institutional, commercial and industrial markets across the United States.

GFI Energy Group is a specialized investment team within Oaktree Capital Management. GFI’s funds invest in profitable, growing companies with innovative products and services used in the power and energy industries. Through its fifteen year history, GFI funds have invested in more than sixty transactions with aggregate value of over $2.5 billion. Oaktree is a premier, global alternative and non-traditional investment manager headquartered in Los Angeles with over $78 billion in assets under management as of September 30, 2010.

BCMS Corporate is a leading, independent middle market advisor with over 20 years of excellence serving clients worldwide. It is focused exclusively on the lower and middle market, advising clients on sell side transactions, acquisitions, and private placements of debt and equity.  The firm’s unique understanding of private company owners’ objectives and issues facing private companies during the transaction process has enabled BCMS to successfully execute over 400 transactions across a diverse group of sectors.  BCMS currently employs over 200 professionals with offices in North America (New York, Dallas / Fort Worth, Los Angeles and Calgary), Europe, and Asia.

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BCMS is a boutique, international investment bank.  We specialize in advising owners of private businesses who are considering a sale of all or part of their company.