PRESS RELEASE
June 30, 2017 – Arborview Capital, an impact focused growth equity firm, and DFW Capital Partners today announced that Integrated Efficiency Solutions (“IES”), a new holding company, has acquired Retro-Tech Systems (“RTS”) as a wholly owned subsidiary. RTS, which includes RTS Lighting, RTS Water, RTS Utility Metering, and RTS Building Envelope, joins LRI Energy Solutions (“LRI”), also a wholly owned subsidiary and an existing Arborview Capital and DFW Capital Partners portfolio company. LRI Energy Solutions includes wholly owned subsidiaries Lighting Retrofit International, Water Savers, and recently acquired Enlight Energy Efficient Lighting.
With the acquisition of RTS, IES has firmly established a national market customer and service footprint. Both RTS and LRI enjoy established reputations as leaders in cost-effective, advanced, creative solutions for energy, water, building envelope, and metering - focused on energy service companies (“ESCOs”) supporting the Federal government, MUSH (municipalities, universities, schools, and hospitals), and utility providers. Both companies’ customers rely on the similar core competencies of design, engineering, project management, analysis, and market knowledge.
The IES combination presents several compelling market differentiators. First, IES now enjoys substantially larger bonding capabilities which supports both customers whose growth is focused on small and mid-sized projects, as well as those ESCO customers whose growth is focused on larger projects. Second, IES now operates with a hybrid resourcing model providing the flexibility of both insourced professionals and long-term installation partnerships. Finally, IES’ combined purchasing power and vendor relationships bolster the company’s ability to provide even more value to its customers.
Stephen J. Troese, Jr., CEO of Integrated Efficiency Solutions and President of LRI added, “RTS has distinguished itself for years by providing exceptional value to its customers. Together, we can now reach more customers with more savings solutions. We are delighted to welcome RTS into the Integrated Efficiency Solutions organization. This is a great day for Integrated Efficiency Solutions customers.”
Kurt Minko, President of RTS, continued, “Our organizations have enjoyed tremendous mutual respect and admiration for several decades making RTS and LRI natural partners under the Integrated Efficiency Solutions banner. IES sales professionals will deliver an enticing value proposition across the combined national footprint. We look forward to realizing our collective growth potential.”
###
About Arborview Capital
Arborview Capital is a growth equity and venture capital firm that makes investments in impact-focused companies across the energy efficiency, resource efficiency and sustainability sectors. Arborview’s principals have significant experience partnering with exceptional management teams to build best-of-breed businesses in high growth industries. Arborview is headquartered in Chevy Chase, Maryland. www.arborviewcapital.com
![ICM Logo - Transparent[5331].png](https://images.squarespace-cdn.com/content/v1/56786e401c121003acaa029a/1593648797789-FTV5TPT9VCJHKE77YSCW/ICM+Logo+-+Transparent%5B5331%5D.png)
